Creating a Technology Plan
The “Big Three” of cash flow management-accounts receivable, accounts payable, and inventory, often dictate the success or failure of a business. Briefly explain what each of these are and how they can interact to cause a business failure. Fortunately, technology provides solutions that enhance a business owner’s ability to monitor these variables. Investigate the software packages available to small business owners, describe these packages, and create a brief technology plan that will facilitate the small business owner’s success in a business type of your choice.
