Title: Assess personal financial status.
Course: Entrepreneurship, Advanced (12053-II) > Section: Projecting Financial Requirements

Assessment should include the components of the expenses for regular monthly payments, household expenses, and personal expenses. Personal financial status also includes the knowledge of credit and financial history.

Process/Skill Questions:

- What resources can entrepreneurs use to get accurate information about their personal credit history?
- What indicators do lender institutions use to determine creditworthiness?
- What is the risk involved in using an increasing credit card balance to pay bills?
- What are some strategies that can be used to survive the first few years in business, when income may be low?
- What is bootstrapping? How can it help entrepreneurs in starting their own businesses?
- What are the advantages of using one's own money to finance one's business?
- How can a small business benefit from having a CPA monitor its financial records?