Question: Suppose a colleague of yours is gearing up to write
Suppose a colleague of yours is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statements first, to get that job out of the way before she tackles the rest of the plan. What is the flaw in your colleague’s logic as described to you?
Answer to relevant QuestionsWhy is it important for a company to focus on its liquidity? What special challenges do entrepreneurial firms have in regard to remaining liquid? Investigate the financial ratio of inventory turnover. Find current information about Dell (www.hoovers.com is a good starting place) and report whether its inventory turnover is still as impressive as the number mentioned ...What, if any, are the downsides to participating in a start-up accelerator program? How does recruiting a well-known and highly respected board of directors lend legitimacy to a firm? Jose Peacher is an executive with a large manufacturing company. A former coworker of his recently started a company and raised $1 million from a well-known angel investor even though he did not need the money to launch the ...
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