The problems dont change, the solutions only become more difficult. The planned events profession is a business. As in other businesses, there are common problems and solutions. When planned events business owners assemble for annual meetings and conferences, they can be heard discussing many of the same challenges year after year. As one wag said. Perhaps by reviewing the scenarios below, state solution on how you anticipate these challenges and what measures you take to avoid them entirely. Challenge: Client is slow to pay balance of account. Your solution? Challenge: Out of cash to pay vendor. Your solution? How to Manage Your Finances During Turbulent Economic Times. What is your plan? Discuss only (4) FOUR points. Use your own ideas not to copy from any sources.