Part 1(A)
In order to have a realistic estimate of where the firm presently stands and what the future holds, entrepreneurs should establish financial plans and thorough financial ratio analysis. One of the most significant realities of being a business owner, in my opinion, is the ability to create income and make a profit.
For new entrepreneur it may be to his/her advantage to have a financial planner or advisor to help explain the financial risk of the startup company. The explanation is fairly simple: most start-ups are funded through personal savings, and millennials, saddled with student loan debt, simply lack the funds (Jurinski, JD, CPA
