In this two-part case, in case A, a non-binary entrepreneur founded New FRDM Bodywear Ltd. (NEW FRDM) in 2015 in Toronto, Canada. The apparel and accessories company produced underwear for transgender and gender nonconforming individuals. While growing their business as a sole proprietorship, the founder sought out a mentorship opportunity through ACME Entrepreneurship Incorporated but was concerned about a request to censor NEW FRDM’s website and messaging content. The founder had to decide whether to stray from NEW FRDM’s original business model and accept the opportunity. In case B, over a year later, the entrepreneur was presented with new potential mentorship opportunities from three different programs. Build Your Best focused on female entrepreneurs and offered a permanent workspace and prestigious contacts in the industry. Womentrepreneur Network seemed to offer superior mentorship, non-financial resources, and promising events, but it seemed to be explicitly intended for people who identified as women. Out and Proud! offered one-on-one mentorship and large events and was explicitly focused on LGBTQ2+ businesspeople. The founder again faced the issue of having to change or abandon NEW FRDM’s business model to take advantage of one or more of these significant business opportunities.
In The ClearZone (ClearZone), founded in 2020 by Jenessa and Madison Olson, was a sanitization service start-up that used ozone technology to disinfect commercial and residential spaces. The sisters started ClearZone when their existing business, STMNT, a successful online clothing rental business, was put on hold because of the COVID-19 pandemic. Noticing a heightened need for disinfectant services in response to the pandemic, the sisters took the opportunity to use their business skills, build on their concerns for environmental sustainability, and support clients attempting to create safe environments. ClearZone experienced exponential growth and was now considering its next step in expanding the business.
In The ClearZone (ClearZone), founded in 2020 by Jenessa and Madison Olson, was a sanitization service start-up that used ozone technology to disinfect commercial and residential spaces. The sisters started ClearZone when their existing business, STMNT, a successful online clothing rental business, was put on hold because of the COVID-19 pandemic. Noticing a heightened need for disinfectant services in response to the pandemic, the sisters took the opportunity to use their business skills, build on their concerns for environmental sustainability, and support clients attempting to create safe environments. ClearZone experienced exponential growth and was now considering its next step in expanding the business.
In July 2014, the president and co-owner of Sunshine Fresh Inc. (Sunshine), a food service manufacturing company in Totowa, New Jersey, needed to make a decision about the best location for the company's new West Coast expansion. Sunshine had built a strong reputation on the U.S. East Coast for high-quality refrigerated kosher pickles. Among Sunshine's most valued clients were several casinos located in Atlantic City, New Jersey, and headquartered in Las Vegas, Nevada. Recently, a food purchaser for one these casinos casually mentioned to Sunshine's vice-president that his casino's customers in Las Vegas would love to have Sunshine's pickles too. This brief exchange led to an expansion plan that required Sunshine to choose a location for its West Coast operation. The company's managers had visited several cities in the Western United States to explore their options, and had carefully weighed the pros and cons of the two main contenders-Los Angeles, California, and Las Vegas, Nevada-against five essential criteria. Now, they needed a firm decision: Which metropolitan area was the best location for Sunshine's new pickle plant?
In late 2016, the entrepreneurial founder of Mental and Natural Company, a digital multimedia company in China, wanted to have ready access to China's best multimedia talent and expertise, but without burdening the company with an excessive number of employees. The entrepreneur and his team were developing a cloud-based multimedia crowdsourcing and collaboration platform, which would allow the company to quickly and easily crowdsource the needed freelance talent from around China. Yet, even before the platform was fully up and running, a new growth opportunity presented three possible options for the company to pursue. The entrepreneur and his team had just three weeks to decide on which option best fit the company's existing business model, made best use of its resources, and was the best choice to secure the company's future.
Martin Shkreli, founder of Retrophin and former CEO of Turing Pharmaceuticals, has become the poster boy and public face of corporate greed. But is he an entrepreneur? The authors take pro and con stances against each other in this case study.
On January 4, 2016, the co-founders of Forked River Brewing Company (Forked River), a small brewery in London, Ontario, revisited the company's original business plan from 2012. Over the course of only four years, the founders went from home brewing enthusiasts to owners of a striving, award-winning craft brewery. Forked River beers were now offered in pubs, restaurants, and retail stores across the province of Ontario. In the past year alone, Forked River had expanded its production capacity by 50 per cent, hired an additional full-time brewmaster, and added a retail outlet to the brewing facility. However, business had recently become more complicated due to changes to Ontario retail liquor laws, increasing non-brewing administrative work, and looming decisions about the product portfolio and distribution strategy. Now, the three founders wondered whether Forked River was still on the right track or if a new strategic plan was needed to ensure its long-term success in the fast-changing craft beer industry.