Week 11 Discussion Forum

In the event that you email me and I don’t reply within 24 hours, it is most likely because I didn’t get your email. Please check the address and email me again. If for some reason you have to email me any documents, please be kind and write me a note too and don’t just send your document making the assumption that I will read it. Don’t forget the old axiom, people do business with people they like, with that in mind, make yourself likable and you might be surprised by what people will do for you.

Answer the following questions…

Why is developing a financial plan so important to an entrepreneur about to launch a business?
How should a small business use the 12 ratios discussed in this chapter?
Outline the key points of the 12 ratios discussed in this chapter. What signals does each give the manager?
Describe the method for building a projected income statement and a projected balance sheet for a new business.

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