Chapter 8 and 9 Homework
a) Weakness- Sales Revenue in cash is going into a cash register. Cash is the easiest thing
b) Weakness- The cashier is in charge of its own cash. The cash count sheet help but it
CHOOSlNG A FORM OF OWNERSHIP
duration, or it can elect to be an at-will" LLC that has no specic term of duration. HOWever,
the same factors that would cause a partnership to dissolve also cause an LLC to dissolve before '1'
its Chaucr expires.
Questions to Ask Yourself When Starting a Business
1. Why am I starting a business?
2. What kind of business do I want?
3. Who is my ideal customer?
4. What products or services will my business provide?
5. Am I prepared to spend the time and money needed
MANAGING CASH FLOW
Three most important things you need to measure business
Cash flow management
Number one issue facing small business owners
Involves forecasting, collecting, disbursi
SBA INFORMATION USEFUL FOR OUR GROUP PROJECT
1. SBA LOAN PROGRAMS:
General Small Business Loans 7(a)
2. SMALL BUSINESS EVENTS
Financing a business webinar- learn how our business could benefit