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Bill and Megan Tempelton Are Planning to Open a Smoothie

question 59

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Bill and Megan Tempelton are planning to open a smoothie restaurant near a large soccer complex in Greeley, Colorado, and need $75,000 to get started. They have $15,000 of their own money, which leaves $60,000. After getting turned down by a couple of banks, they decided to turn to their relatives and acquaintances for help. Fortunately, they were able to raise the money through a gift from Bill's grandfather, a loan from Megan's parents, and a small investment by Bill's best friend in college, Kevin. The money that an entrepreneur raises in this manner is referred to as:


Definitions:

Social Contacts

Interactions and connections between individuals in social settings, which can influence mental health and well-being.

Avoidant Personality Disorder

A mental health disorder characterized by a pervasive pattern of social inhibition, feelings of inadequacy, and hypersensitivity to negative evaluation.

Dependent Personality Disorder

A mental health condition characterized by pervasive psychological dependence on other people.

Initiating Relationships

The process of making the first steps in starting interpersonal connections or friendships with others.

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