Please answer the question number 1, 2, and 3. I also attached the reading for Allen case. This is

Please answer the question number 1, 2, and 3. I also attached the reading for Allen case.

This is a group assignment on the Allen Lane case. Prepare a memo to “Dr. Bo Han” and answer the questions below. You can attach as many pages of appendix as you want. For question 4 and 5, you should provide comprehensive answers supported by spreadsheet analysis. Be sure to follow the memo format guideline.

1. Evaluate Allen Lane and his search for a business up to now: What did he do right? What mistakes, if any, has he made in his attempts to purchase companies? Allen Lane’s experience has pointed out some of the personal traits that help an entrepreneur succeed. What do you feel are those personal traits?
2. What criteria is Lane using to identify acquisition candidates? Do these criteria seem appropriate?
3. What are some of the major issues with the companies Allen Lane attempted to purchase previously – Spectronics, Ace Electronics, Gardenpro, and Hydrapress? What lessons are learned here?

Please answer the question very detail and also please follow the rubric that I provide also.