Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Talk to a small business owner. Introduce us to the company and what they do. Ask the owner what the questions below. Go meet a

Talk to a small business owner. Introduce us to the company and what they do. Ask the owner what the questions below. Go meet a new entrepreneur. Do no use a neighbor or family member. Avoid businesses like an in-home daycare or someone selling Tupperware, Mary Kay, Essential Oils... Be sure to thank them for their time. Ask them the following questions: How long have they been in business? What type of business formation do they have/ (LLC, Sole Proprietorship, Partnership, Sub S or Corporation) What accounting system do they use? (Ledger, Excel, QuickBooks...) What's the biggest challenge for them in keeping their books? Any advice for a person just starting a business? Please be sure to validate your opinions and ideas with citations and references in APA format

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Accounting And Finance

Authors: Prof Stephen Sunday Sharang Ph.D.

1st Edition

979-8639273353

More Books

Students also viewed these Accounting questions

Question

1. Define mass and mediated communication

Answered: 1 week ago