Title: Develop a financial model.
Course: Entrepreneurship, Advanced (12053-II) > Section: Projecting Financial Requirements

Development should include forecasting sales, income, and expenses for short-term and long-term goal achievement.

Process/Skill Questions:

- What is a balanced budget? Why must a budget be balanced for a business to be successful?
- What is the importance of a budget?
- What are the steps involved in creating a budget?
- Who within an entrepreneurial venture would be a resource to assist in the development of a budget?
- What are some software tools used in developing a budget?
- What are the consequences of not developing a budget?
- What is cash leakage?
- How does an organization set a budget?