Support from prospective financers and key customers
for short-term financing? Suppose you own a water purification company that sells
and installs reverse osmosis systems for homes and businesses. You have a large
profitable job lined up two months away, but after buying all of the supplies,
you do not have enough capital to sustain the business until that time. What
would you do?
Cash flow is important in any business but especially for
small businesses. If you cannot find it in the text, look it up via the
internet or UOP Library and describe each step of the cash conversion cyle and
convey how you would create guidelines to improve each step of the cash
conversion cycle for a small business.
Why is it important for a small business venture to gain
support from prospective financers and key customers? If you started a business
venture, how would you describe your venture to gain support from prospective
financers and key customers?
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