Title: (Optional) Compare cash-flow budget against actual performance.
Course: Entrepreneurship, Advanced (12053-II) > Section: Maintaining an Entrepreneurial Business

Comparison should include budgeted cash-flow reports and actual cash-flow reports to determine the differences and the effects on the business.

Process/Skill Questions:

- Why are budgets important for startup companies?
- How does an entrepreneur interpret a large variation between budget and actual cash flow?
- How often should a business review its cash-flow report?
- What are the consequences of having a negative cash flow?
- What are the consequences if a business fails to pay its bills on time?
- What is the difference between a budget and a cash-flow statement?
- How can a business use online reviews and customer feedback to elevate its product/service?

Teacher Resources:

- Expenses & Costs - How to Spend Money Wisely, Entrepreneurship Crash Course
- Understanding Financial Statements and Accounting, Entrepreneurship Crash Course