Team project 1 bps class

Randall OliverBy

Traits of a Successful Entrepreneur

Focused Steadfast Undeviating Positive Outlook Opinionated Judges Quickly Impatient

Autonomous Independent Aggressive Risk Taker Acts W/O Deliberation Emotionally Aloof Prefers Simple Solutions

Your start up should solve a problem

No one will pay you unless it solves a problem!

• Sole Proprietorship• S or C Corporation• General & Limited Partnership• Limited Liability Company

Helps To Think Through Some of the Details Before Hand

• Financing• Competition• Strengths• Weaknesses

Cash Flow Statement Income Statement Balance Sheet

Describes the financial condition of a company at a particular time.

1. Describes a company’s profitability. A measurement of a company’s financial performance over time.

2. Answers the Question: Is the company making or losing money?

Uses data from Balance and Income Statement sheet to explain changes of cash flow resulting from operations, investing, and financing activities.