Managerial accounting is a very importantconcept to understand when it comes to owning and operating your own business. An agency of the federal government, called the Small Business Administration, provides resources to those who are interested in owning a business.Think of a business you would like own one day.Go to their website and answer the following questions:

1. Review the information from the"Plan Your Business(Links to an external site.)
2. "tab:

• What type of business would you like to own one day?
• What are some start-up costs associated with that business?
• How would you obtain funding?

1. Review the information from the"Manage(Links to an external site.)
2. Your Business(Links to an external site.)
3. "tab:

• What is the difference between an employee and an independent contractor?
• What are some other costs involved with managing your business?
• What new information you have learned by reading through the information provided on this website?
• Is opening up your own business a future goal of yours? Why or why not?

LINKS

https://www.sba.gov/business-guide/plan-your-business/market-research-competitive-analysis

https://www.sba.gov/business-guide/manage-your-business/manage-your-finances

Could be any bussiness type