Identify the important issues in managing a firm’s cash flows.
Explain the key issues in managing insurance for a small business.
Prompt:
Review Lesson 7 and the resources at the end of the lesson related to risk management and insurance, including:
Small Business Administration. “Risk Management for a Small Business.” Participant Guide, Money Smart for a Small Business Curriculum.
Small Business Administration. “Buying Insurance.” accessed 6/2/2017.
Small Business Administration. “Types of Business Insurance.” , accessed 6/2/2017.
Instructions:
In a well written essay, discuss four types of business insurance and why they are important. Which type(s) would you find most necessary for a business you might want to own someday?
