What is the purpose of a forecast? What factors does a firm use to create its forecasts of future income and expenses?
Answer to relevant QuestionsOn what factors or conditions do completely new firms base their forecasts? If a college student has a business idea, what should the student do while in college to improve his or her chances of getting accepted by one of the better accelerator programs? How does recruiting a well-known and highly respected board of directors lend legitimacy to a firm? Cindy Combs, a professional investor, was having lunch with a colleague recently and said, “Do you remember Peter Kennedy, the entrepreneur we met the other day who created an iPhone app that helps busy families keep track ...What can a new venture do to overcome the liabilities of newness?
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