Michael Lehman
Lehigh University
mil312 at lehigh.edu

1. Students list the start-up expenses for their venture (categories, not $ amounts).
2. Students list the types of monthly expenses (categories, not $ amounts).
3. Students list the sources of monthly income(this is where the reality check comes into play).Typically many expenses, few income sources.Maybe list individually, then share in class.
4. Assumptions are made about dollar amounts, amounts are verified, & cash flow is built for year 1…