Question: Brainstorming Journal PromptsJournal Entry 8 After reading the chapter, answer the following questions:What options do you have for your business bank account? What qualifications do
Brainstorming Journal PromptsJournal Entry After reading the chapter, answer the following questions:What options do you have for your business bank account? What qualifications do you want for your business bank to have?Bank Options: Required Bank Qualifications: What will you do to prevent yourself and partnersemployees from commingling funds?What daily reports do you foresee being the most important for your business? Will you hire someone to run the daily reports to help in the management of your business? If so who? Even if you do decide to hire financial help, are there any aspects of your businesss finances that you think you should personally keep track of as the owner?What payment terms do you prefer as a business owner? What about as a customer?Business owner:Customer: Which of the funding options discussed in the chapter has the most advantages for your personal situation and the type of business you want to run? Which option has the most disadvantages, or the highest risk?
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