You
have been concerned about the environment all your
life and want to develop a Recycling Project which
can have a dramatic effect in reducing pollution and
wasted resources. You determine that the project could
be self-supporting in two years, but you need to develop
a base of support during the development phase.
You sit
down with seven volunteers after raising $2000. You
explain to your volunteers an idea you have to develop
a recycling project. Together you decide that $500
should go to the Business Incubation Committee
and $500 to the Education and Employment Committee.
You were hoping that all of the money might be allocated
to your project, but the other volunteers were also
concerned about college costs.
You write
up a proposal to the Business Incubation Committee
describing your project. The committee puts your application
on hold pending the completion of certain criteria.
The criteria include development of adequate funds,
demonstration of your serious desire to make the project
real, demonstration of your management skills and
your willingness to allocate meaningful stock ownership
to Chimorel in exchange for funds provided. $500 is
set aside for your project pending the completion
of these criteria.
