What is the importance of financial information for entrepreneurs? Briefly describe the key components.
Answer to relevant QuestionsWhat are pro forma statements? How are they constructed? Be complete in your answer.If an entrepreneur wants to use break-even analysis but has trouble assigning some costs as either fixed or variable, can break-even analysis still be used? Explain.Describe each of the five planning pitfalls entrepreneurs often encounter.Describe each of the three financial statements that are mandatory for the financial segment of a business plan.Describe the entrepreneurial strategy matrix and explain why it is effective for entrepreneurs.
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