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In: Economics

Transcript Boy Sells Hot Cocoa to Benefit Hospital That Saved Friend’s Life LESTER HOLT, anchor: If...

Transcript
Boy Sells Hot Cocoa to Benefit Hospital That Saved Friend’s Life
LESTER HOLT, anchor:
If your winter has been anything like ours, it's a perfect night for a cup of hot chocolate, the ultimate
comfort food. It's become the ultimate expression of friendship between two little boys in Colorado when
one of them faced the greatest challenge of his young life. With help from our Denver affiliate KUSA, we
get the story tonight from NBC's Joe Fryer.
JOE FRYER, reporting:
Denver in the winter is no place for a lemonade stand.
TRISTAN REGINI: And this is really cold right now.
FRYER: Which is why eight-year-old Tristan Regini is selling hot cocoa, a buck a cup. Two bucks if you
like marshmallows.
WOMAN #1: Could I have hot cocoa with the five marshmallows?
REGINI: Okay.
FRYER: With such low temps, investment analysts might scowl at such an icy escapade.
REGINI: It can be very tough.
FRYER: Until they hear Tristan's real business plan.
REGINI: My friend Cade, he had cancer.
FRYER: Tristan's talking about his buddy, Cade Humphrey, who was diagnosed with brain cancer. After
surgery, chemo, radiation and a bone marrow transplant, there's now no sign of Cade's disease.
REGINI: Children's Hospital saved his life. So now I'm trying to sponsor it even more.
FRYER: As word of Tristan's ongoing fundraiser has spread, donations have grown.
MAN: That's great. Nice of you to do this.
FRYER: This week he gave four hundred dollars to Children's Hospital Colorado, and more money is still
coming in. His parents are not surprised.
STEVE REGINI: It's pretty much Tristan, that's just the way he is.
WOMAN #2: I'll be right back.
FRYER: In this frozen neighborhood, it is not the hot cocoa that will warm your heart.
REGINI: I want to just save some lives.
FRYER: It's the salesman.
REGINI: Hot chocolate for sale.
FRYER: Joe Fryer, NBC News.

Discuss Tristan Regini's desire to create a business?
Tristan Regini had to make decisions or choices about his business such as: what to sell. Discuss other decisions or choices he made as an entrepreneur?
Discuss how creating a business helped Tristan Regini achieve his goals. Your answer should categorize the choices (i.e., personal, professional, and financial goals).

Solutions

Expert Solution

1. Tristan Regini's desire for creating that business was to donate the money coming from the business to the children's hospital that saved his friend's life. His desire was not to earn money for himself, but to donate it to the hopsital. This donation will help the hospital to have better equipments, better medical staff so that more and more lives can be saved, as per Tristan's desire.

2.The other decision/ choice that he made as an entrpreneur is the choice of donating the enitre proceeds from his business to the hopsital. His decision of not profiting from the business, but donating the entire money he earned.

3. By creating a business, he was able to achieve the following goals -

Personal Goal - To save more and more lives by donating the money from business, his goal of showing gratitude towards the hospital that saved his friend's life.

Professional Goal - To start a business of selling hot cocoa in winters and that people will definitely buy hot chocolate in winter, therefore the professional goal of running a business.

Financial Goal - Donating the enire proceeds from the business to the hospital.

Hope it helps. Thanks :)


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