Discussion Post

Please consider at least one of the following topics for discussion:

  1. Within your team, take a pole of how many in your group suffer from “accountingphobia”. Discuss the reasons for this and methods of overcoming it.
  2. “An accountant is always the most important adviser to an entrepreneur.” Discuss ways in which this statement might not be true.
  3. Identify at least three businesses that could be started with very little in the way of assets. Why might you be reluctant to start one of these businesses?
  4. How fast do cars depreciate? What are some myths and rule of thumb in this area? What are the factors affecting automobile depreciation?
  5. When someone owes you money in Canada, what are steps you are allowed to take in order to collect the debt? What sorts of actions are prohibited? Why?
  6. Why are cash flow projections in a business plan so important to lenders and investors? What common mistakes might new entrepreneurs make in their cash flow planning?
  7. “Banks only lend money to those who din’t need it.” Discuss the truth of this old saying.
  8. “Lending or borrowing money is the fastest way to end a friendship.” Discuss this statement in the context of “love money” and your own experiences.
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