You and a few of your classmates decided to become entrepreneurs. You came up with a great idea for a new mobile phone application that you think will make lots of money. Your business plan won second place in a local competition, and you are using the $10,000 prize to support yourselves as you start your company. Required: Identify the key decisions you need to make to be successful entrepreneurs Your company will need to exchange information with various external parties. Identify the external parties, and specify the information received from and sent to each of them.
You and a few of your classmates decided to become entrepreneurs. You came up with a great idea for a new mobile phone application that you think will make lots of money. Your business plan won second place in a local competition, and you are using the $10,000 prize to support yourselves as you start your company. Required: Identify the key decisions you need to make to be successful entrepreneurs Your company will need to exchange information with various external parties. Identify the external parties, and specify the information received from and sent to each of them.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You and a few of your classmates decided to become entrepreneurs. You came up with a great idea for a new mobile phone application that you think will make lots of money. Your business plan won second place in a local competition, and you are using the $10,000 prize to support yourselves as you start your company.
Required:
- Identify the key decisions you need to make to be successful entrepreneurs
Your company will need to exchange information with various external parties. Identify the external parties, and specify the information received from and sent to each of them.
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