In what ways does financial management for small startup businesses different from that of academic organizations and businesses?
Answer to relevant QuestionsWhy does a business require a constant flow of money and capital assets during its existence? Discuss the pros and cons of providing credit to customers. If you do decide to provide credit, what policies should you establish and enforce? Suppose you are in the business of making ladders. A customer places a board plank between two of your ladders as a scaffold. One of the ladders fails, causing your customer to fall and break a leg. Are you responsible for ...Which form of business structure would be best for your new business and why? Consider your previous employment position; did the firm have an open-book philosophy? How much information was shared regarding the strategy and financials of the business? What are the advantages and disadvantages of ...
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