Financial Aspects – Review the area of entrepreneur and marketing in your readings combined with information from the UOP library. 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.
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- What are some benefits and difficulties of the big three of cash management? What techniques may an entrepreneur use to avoid a cash crisis?
- What are the types of capital a small business needs for operation? Describe difficulties entrepreneurs face when raising capital needed to start, operate, and expand a business.
- What are benefits and drawbacks of funding a business through a private investor? What advice would you offer to an entrepreneur who uses a private investor for funding to avoid business problems?
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2. Library Research – Using information provided by a peer-reviewed article in the UOP library, 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.
3. Financial Plans – Review the area of entrepreneur and finance in your readings combined with information from the UOP library. 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.
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- 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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