cash and profits.

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1. Library Research – Provide 2 companies that have differentiated between cash and profits. How did the approach avoid a cash crunch in the company? Ensure that proper citations and references are provided?

 

2. Financial Plans – Develop a response regarding business strategies including some of the information below. Ensure that your response protects intellectual property by properly citing and referencing information.

 

  • Why is developing a financial plan an important part of the entrepreneur’s planning process? How are basic financial statements prepared and used in managing a small business?

 

  • Why might cash flow management be important to an entrepreneur? What recommendations would you make to an entrepreneur who struggles with a cash management system?

 

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