Discussion Question 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 Question 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.

Discussioin Question 3: "Institutions"

Please respond to the following:

• Based on the lecture and Webtext materials, address the following:

o Every country in the world is constructed around the same set of institutional frameworks that differ only in how governments manage them. Identify the specific components of an institution. Next, use two (2) examples of institutions -such as a financial system, a judicial system, or the armed forces - to illustrate what developing countries overall have done to weaken or strengthen such institutions.