What items on the left side (or top) and what items on the right side (or bottom) of a firm’s balance sheet should receive the greatest scrutiny? In regard to each of these items, what are the most important factors that a new venture should focus on to maintain its overall financial health?
Answer to relevant QuestionsSuppose 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 ...If Fundbox’s co-founders (Yuval Ariav, Eyal Shinar, and Tomer Michael) were to ask your advice about the importance of pro forma statements to their firm’s continuing success, what would you say to them? What pro forma ...Make a bullet-point list of the ways that participating in a start-up accelerator helps a firm overcome the liabilities of newness. What is networking and why is it important for an entrepreneur to have a vibrant social and professional network? 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 ...
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