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1- Identify at least two “take aways” from the Rent the Runway story not mentioned in...

1- Identify at least two “take aways” from the Rent the Runway story not mentioned in the Lessons Learned portion of the case?

2- What can young entrepreneurs with business ideas learn from Hyman and Fleiss’ experiences?

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Answer #1

1. Young boys already rented the tuxedos so women should rented out gowns. Apart from that they should focus on potential customers that can come to the website for purchase and like the pages so that they can increase sales of their products.

2. From Hyman and Fleiss' experiences young entrepreneurs can learn that if they have an idea then they should tell to the investors to raise money and to seek the output of the potential customers. Without seeking and analysis of desired results, entrepreneurs should not launch idea in full. They should share the idea, analyse the outputs and reviews.

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