Question

Instead of entering the job market, you decide to start

your own accounting firm. You build a set of projections
and launch your firm. Shortly after starting the firm you
realize that you qualify for the govenments Payroll
Proection Program. You reach out to your bank and they
confirm that you are a good candidate. Upon reviewing
the documents you realize that the bank wants a balance
sheet to go with the income statement and cash flow
that you have already prepared. Build a balance sheet
for these projections.

Answer 1

Answer: Before you choose the type of business to start, there are some key things to consider:

What type of funding do you have?

How much time do you have to invest in your business?

Do you prefer to work from home or at an office or workshop?

What interests and passions do you have?

Can you sell information (such as a course), rather than a product?

What skills or expertise do you have?

How fast do you need to scale your business?

What kind of support do you have to start your business?

Are you partnering with someone else?

Does the franchise model make more sense to you?

Step-by-step explanation: