Why is developing a financial plan an important part of the, Finance Basics

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Why is developing a financial plan an important part of the

1. Library Research - Provide 2 companies that have differentiated between cash and profits. How did the approach avoid a cash crunch in the company? Ensure that proper citations and references are provided?

2. Financial Plans - Develop a response regarding business strategies including some of the information below. Ensure that your response protects intellectual property by properly citing and referencing information.

Why is developing a financial plan an important part of the entrepreneur's planning process? How are basic financial statements prepared and used in managing a small business?
Why might cash flow management be important to an entrepreneur? What recommendations would you make to an entrepreneur who struggles with a cash management system?

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Finance Basics: Why is developing a financial plan an important part of the

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