Discussion 1: "The Short Term"
Respond to the following:
• Assess two to three clues that may indicate an entrepreneur is potentially insolvent or approaching insolvency. Then, indicate how the entrepreneur may recover.
• Imagine your business venture from Assignment 1 is experiencing a cash crisis. Determine three to four (3-4) tactics your business could take immediately to conserve cash. Then, indicate the expected impact of each tactic. Be specific when describing your tactics.
Discussion 2: "The Long Term"
Respond to the following:
• Indicate where you can look for information to assist you in estimating the overall market demand for your business venture from Assignment
1. Then, discuss how this information may direct the business decisions made by the owner.
• Using market share percentage of industry sales, estimate the sales you may expect in the first year for your business venture from Assignment 1. Then, determine if it is sufficient to support your business venture. Provide a rationale with your response.