From the course: Excel: Learning Cash Flow Forecasting
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What happens when you lack good financial information?
From the course: Excel: Learning Cash Flow Forecasting
What happens when you lack good financial information?
- [Instructor] If you've ever watched the show "Shark Tank", you can imagine how stressful it can be when you are in front of smart business people who are questioning the assumptions you've made. In the show, "Shark Tank", the essence of the plot is this. A business owner goes in front of five highly experienced investors, nicknamed the "Sharks". The goal of the business owner is to get an investment from one or more of the investors by making a pitch about how worthwhile an investment in the business would be. The show progresses with an exchange of hardball questions and responses posed by the investors to get a feel for the company they're examining. Sometimes they make an offer and sometimes they don't. Sometimes the offer is taken and sometimes it's not. Now, there's a reason why I bring up Shark Tank in this example. Small businesses, which are the businesses that are pitching on the show, may lack good financial information, and they may lack solid information about what their…
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