Beautiful Legs BY POST

Bill Bygrave, Case Director and Case Writer

Center for Entrepreneurial Studies,
Babson College © 1996

ISBN 0-324-00162-2

Case Teaching Package
A case teaching package, written by Bill Bygrave, is available for this case. It includes strategies for case presentation, key concepts, solutions to the assignment questions in the case, and suggestions for the most effective ways to work this case into your course.

Length
This case is 50 pages in length and its case teaching package is 10 pages.

Abstract

Beautiful Legs By Post describes the startup of mail-order business selling women's tights in Britain. The principals are Elizabeth Preis and Dickon Addis, who created a business plan while they were MBA students at INSEAD in France; upon graduation they started the business. Elizabeth Preis is an American who had lived in Europe as a student, but had never lived in Britain until she started the company. The bulk of the case is the business plan, which was written to raise money.

Study Questions

  1. Use the Timmons opportunity-people-resources framework to evaluate this new venture.
  2. Would you invest in this venture? List the reasons for your decision.
  3. What are the purposes of this business plan?
  4. How well does the plan fulfill those purposes?
  5. Can you recommend any improvements to the business plan?
  6. Are Elizabeth and Dickon realistic about fund raising?
  7. What might happen if they fail to raise £110,000 in the next 30 days?

Key Words

finding an opportunity, developing an opportunity, business plan, raising money, mail-order, women's tights, marketing, starting a business in Britain, careers


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