2. What is a “hockey stick” projection and what is so unrealistic about it? 3. What is the difference between the respective purposes of the balance sheet and the income statement 4. Briefly describe the principle of the build-up method and its advantages. 5.When building a revenue worksheet, an entrepreneur has to begin with certain assumptions. What are three ways for an entrepreneur to later strengthen those initial assumptions? 6. What is the purpose of creating a headcount table? 7. Explain the comparable method. 8. What is the importance of building integrated financial statements? 9. Explain what a “brief description of your financial spreadsheets” should include. 10. The chapter says financial statements are obsolete immediately after they come off the printer. Why?
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