BUSINESS Academic Essay

BUSINESS

Answer the following six (6)) questions.

1.Why is important to consider an entrepreneur’s personal finances when conducting the short- and long-term financial forecast of a firm?
2.Discuss how asset and financing requirements might differ among a retail business, a service company, and an information system-based venture?
3.What are some of the basic principles that govern the financing of a firm? Why are they important?
4.Describe two ways for projecting a venture’s cash flow, and discuss when each is appropriate to use.
5.Why is it important for an entrepreneur not only to create a cash budget, but also to decide how it will be used within the firm?
6.Choose three of the practical suggestions for making financial forecasts.  Discuss their importance, as wells the potential consequences of ignoring these suggestions.

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