1. Library Research – Provide 2 companies that have differentiated between cash and profits. How did the approach avoid a cash crunch in the company? Ensure that proper citations and references are provided?

2. Financial Plans – Develop a response regarding business strategies including some of the information below. Ensure that your response protects intellectual property by properly citing and referencing information.

• Why is developing a financial plan an important part of the entrepreneur’s planning process? How are basic financial statements prepared and used in managing a small business?

• Why might cash flow management be important to an entrepreneur? What recommendations would you make to an entrepreneur who struggles with a cash management system?