Carrie Childs Business 205 1. What is the purpose of a business plan and why is it an essential first step for a start-up firm? A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. Because it provides …
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showed last 75 words of 1683 total
…can be implemented without conflict and emotional pain if all business heirs remain flexible and respectful of the parents' decisions. The References: http://www.sbaonline.sba.gov/starting_business/planning/basic.html http://www.sbaonline.sba.gov/starting_business/financing/findcapital.html http://www.entreworld.org/Content/EntreByline.cfm?ColumnID=413 http://www.quicken.com/cms/viewers/article/small_business/40200 http://www.quicken.com/small_business/finances/ http://www.pertinent.com/pertinfo/business/exercises/azrielaentq.html