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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.