Overview
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Manage your small business successfully with these finance essentials from accounting professors Jim and Kay Stice.
Syllabus
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Introduction
- Five characteristics of businesses that fail
- What you should know
- All businesses start small
- Startup financial needs
- Insufficient capital
- Managing cash on the beach
- Prepare a cash forecast
- Estimating the number of customers
- Cash flow example
- Poor bookkeeping impacts profits
- Record keeping
- Using controls to safeguard info and track business activity
- Pricing a consulting job
- Product pricing
- The USFL
- Managing growth
- The lost farm
- Next steps
