BEN2014 Introduction to Cyberpreneurship(by: TPL) Original Source: Zimmerer& Scarborough (Pearson)
Common mistake among business owners: Failingto collect and analyze basic financial data.
One-third of entrepreneurs run their companieswithout any kind of financial plan.
Only 11 percent of business owners analyze theircompanies’financial statements as part of themanagerial planning process.
Financial planning is essential to running asuccessful business and is not that difficult!