In late August 2004, Chris Higgins was forced into the unenviable position of determining the future of Ring-A-Wing, London, Ontario-based fast-food producer of premium chicken wings with home delivery. After a personal loan to a friend, willing to invest in the business, the situation passed in less than nine months from Higgins to be a passive lender to be a significant investor, sitting in bankruptcy meeting trying to determine the future of the business.
This case reflects both the financing of small business sometimes works. It provides students with efficient windows in the imperfect nature of human beings, in reality, in order to make important financial decisions without adequate information and its associated risks takes in carrying out even the most seemingly simple business solutions (such as obtaining consumer credit back). "Hide
by David Simpson, Colin McDougall Source: Richard Ivey School of Business Foundation 5 pages. Publication Date: February 04, 2011. Prod. #: W11016-PDF-ENG
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