Join Jim Stice for an in-depth discussion in this video All businesses start small, part of Finance Essentials for Small Business.
- All businesses start small.…- Here are some examples with which you may be familiar.…- Apple was started in 1976 by two friends,…Steve Jobs and Steve Wozniak,…working at least part of the time in the garage…of Steve Jobs' parent's home in Los Altos, California.…- Apple's first financing arrangement came…when Steve Jobs convinced an electronic parts…supplier to give him parts on credit,…agreeing that he would pay for the parts…when he and Steve Wozniak sold the first batch…of completed computers, the Apple 1.…- Well in 1981 Microsoft was a 32 person software…company that had recently moved to Bellevue, Washington…from its original headquarters in Albuquerque, New Mexico.…
That company had been started in 1975 by two friends,…Bill Gates and Paul Allen.…- When IBM released its influential IBM PC in 1981,…IBM chose not to develop the operating system itself,…but instead outsourced this task…to that small company Microsoft.…- The rest, as they say, is history.…Microsoft has leveraged its position as the primary…
- Describe the most common reason small businesses fail.
- Identify two reasons why your business plan needs to budget cash inflows and outflows for the first six months of your business’s operation.
- Write the formula to forecast cash flow for the first four months of your small business.
- Explain the first step you should take if your new small business is not making the profit you anticipated.
- Identify the most important thing to keep in mind if you are considering faster growth for your small business.