Assignment:
Creating a Solid Financial Plan
Please respond to the following:
1. Discuss the best way to use a breakeven analysis when defining a business strategy.
2. Analyze the 12 financial ratios mentioned in the textbook and determine which is the most useful to the greatest number of small businesses. Explain your rationale.
Managing Cash Flow
Please respond to the following:
1. Analyze the steps involved in preparing a cash budget and determine which step(s) presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.
2. Prepare a forecast of sales for the first year of operation for the business you selected for the written assignment. Explain how you arrived at your sales estimate.