Discussion 1: Creating a Solid Financial Plan

Please respond to the following:

• Discuss the best way to leverage a breakeven analysis when defining a business strategy.

• Analyze the 12 financial ratios mentioned in the textbook and determine which is the most useful to the greatest number of small businesses. Explain your rationale.

Discussion 2: Managing Cash Flow

Please respond to the following:

• Analyze the steps involved in preparing a cash budget and determine which steps presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.

• Analyze the steps involved in avoiding a cash crunch and make at least one additional recommendation for doing so. Provide specific examples to support your response.