Discussion questions:
DQ 1 - How would you explain the following terms in regards to your business? Cash flow, profit, variable costs, fixed costs. total costs, ROIC, hurdle rate, estimated taxes, exempt and non-exempt labor.
DQ 2 - Outline the costs we need to be cognizant of when starting up a small business. ( note, question is starting, not operating) Why is it as important to have a good record-keeping system for a small business, as it is for a corporation?