Question: Discuss how asset and financing requirements might differ among a
Discuss how asset and financing requirements might differ among a retail business, a service company, and an information system-based venture.
Answer to relevant QuestionsDescribe the process for estimating the amount of assets required for a new venture.Why is it important for an entrepreneur not only to create a cash budget but also to decide how it will be used within the firm?Assume that you are starting a business for the first time. What do you believe are the greatest personal obstacles to obtaining funds for the new venture? Why?1. What guidance will you give Smith in negotiating with the bank?2. Why might you advise him not to go into a meeting with bank officers with a plan already in mind?How may harvesting a firm affect an entrepreneur's personal identity?
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