Assignment

Your business is a beauty salon as a cosmetologist:

• Using the business, you chose in week one, what are some of the financial decisions that you will need to make in order to have a successful business?
• Tell us again about your business. What is the name of your business? Will it be online or brick and mortar or both? What will you sell or what service will you provide?
• Explain what responsibilities you will assign to the accounting and financial Management departments.

Why are these functions (Accounting and Financial management) so important to the success of business? Please explain your answer.