Description: Optimism and entrepreneur seem like two words that should be linked. But with the Covid-19 pandemic still entrenched in Canada and around the world, some might be surprised to see entrepreneurs optimistically plowing forward with major capital projects in the tourism sector. In Cape Smokey, Cape Breton Island, the ski hill is set to open a new gondola ride on July 1, giving year round cash flow to the business, while giving tourists a beautiful aerial view of the impressive scenery. A few days earlier, B.C.’s District Wine Village is scheduled for opening, bringing a tourist venue with small craft wineries, accompanied with food and music.
Date: April 17, 2021
1) Are you or any of your classmates planning on starting your own businesses for this summer break?
2) As you think about entrepreneurship, besides optimism, what do you think are some other qualities that drive success?
3) Chapter 9 of Wiley’s Financial Accounting: Tools for Business Decision-Making, provides us with important principles around the amortization of long-lived assets. What do you think would be a reasonable useful life of the capital assets in a gondola operation?
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