Question 2 [20] Read the following and then answer the questions below: There are a number of costs to start a business. During the start-up phase, the small business owner needs funds for once-off-start-up costs as well as at least six months of working capital If you are not sure what your expenses will be, make finding out part of your due diligence. Research similar businesses in your industry and aim to uncover any general expenses that you might not have thought of. If possible, consult a lawyer or accountant who has experience with small businesses. 2.1 A number of payments and expenses will be incurred before your business actually starts operating. List five of these items you will need cash for. (5) 2.2 Hidden costs are those you do not see, do not always expect and which seldom feature in the business plan. The main things holding back the growth of a small business are costs that have not been factored into the monthly budget. Identify five of these hidden costs. (5) 2.3 Even if you have paid all your start-up costs, and you are very profitable to start with, cash flow can sink you. Suggest some intelligent ways of how a small business can manage its cash flow