Question: Discuss why cash flow is critically important as a small business entrepreneur, especially when just starting. For small businesses, consider accounts payable and receivables, seasonality
Discuss why cash flow is critically important as a small business entrepreneur, especially when just starting. For small businesses, consider accounts payable and receivables, seasonality (year-round expenses, limited time to earn income, such as a garden shop), financing from loans/investors, fixed costs, etc. Always think about the timing of events: cash in and cash out.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
