Discussions 1: Creating a Solid Financial Plan
Please respond to the following:
· Discuss the best way to leverage a breakeven analysis when defining a business strategy.
· 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.
Discussions 2: Managing Cash Flow
Please respond to the following:
· Analyze the steps involved in preparing a cash budget and determine which steps presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.
· Analyze the steps involved in avoiding a cash crunch and make at least one additional recommendation for doing so. Provide specific examples to support your response.