Question
Morgan advises Craig and Amy to take out a loan for startup costs, noting that it can take a while for a small business to
Morgan advises Craig and Amy to take out a loan for startup costs, noting that it can take a while for a small business to turn a profit. What other potential financial challenges did Morgan advise them to prepare for?
Economic downturns
Seasonal nature of landscaping services
Inconsistent cash flow
Need to hire employees
All these financial challenges may occur
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Management Accounting
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
4th Edition
0730369382, 978-0730369387
