Question

Take a position on which of the accounting reports (e.g., balance sheet, statement of cash flows,...

  • Take a position on which of the accounting reports (e.g., balance sheet, statement of cash flows, operating break even analysis, etc.) is most important to anyone interested in giving an entrepreneur funding. Support your position.
  • Discuss at what point an entrepreneur should consider calling it quits if the business only breaks even. Consider the factors involved in the decision to support your discussion.
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Answer #1

Most important financial statement for any new business is the Cashflow statement because if the company is not generating money from cashflow from operation then there are huge chance that the company will fall. If the entrepreneur is not generating money via operation then there are huge chance that in longer run business will fail.

If entrepreneur is not making enough money then and cash flow from operation is negative then the entrepreneur can call it quits if the business only breaks even. If the company will not generate positive cashflow then it means it is buring cashflow which is not good for the business and it will eventually fall if the company will not start generating money.

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