Question: In this chapter the authors focused on cash flow, budgets, and other financial tools to assist the new entrepreneur with the financial planning needs for
In this chapter the authors focused on cash flow, budgets, and other financial tools to assist the new entrepreneur with the financial planning needs for a new business. It is important to recognize that cash flow represents the cash that moves into the business and cash that moves out of the business. You can see why profits and a positive cash flow are important goals for the new small business. New small business owners utilize their resources to learn specific details about finance, financial management, and other beneficial tools to assist them with their planning needs.
Discussion Questions:
1. What information did you discover that might be beneficial to new small business owners to help them analyze cash flow? List at least three resources that are available at this website and explain why these resources are important. Be specific. 2. Summarize the publications that are available on the website. Discuss how they can assist a new small business owner. 3. Review the Ethics Center. List the standards a member is expected to comply with or they may suffer disciplinary action. 4. What other resources did you find on the website? Why are they important?
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