Discussion Post: Financial Planning & Statements
1) Why is developing a financial plan so important for an entrepreneur starting a business?
2) Discuss in detail some of the major items detailed on the income statement, balance sheet, and the cash flow statement and why these items are important to the business owner.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.