Question

Discuss how Saint Leo’s core value “integrity” can assist entrepreneurs and small businesses in creating a solid financial plan. Provide an example.

This was not replied to in the manner the question was asked. Can someone please answer this please. I must come up with 250 words or more for this. Also please cite the reference. Thanks very much to my assistant in this matter.

Answer 1

Solution:

Creation of a financial plan requires a solid understanding of the business plan and hence it requires attention to detail about understanding the business well. Integrity is a value which has been considered of high importance especially by the entrepreneurs who find integrity as a value which determines the entire culture of the organization.

Since entrepreneurs have budget constraints it is always essential for them to be able to create a plan to deal with their finances and be effective in their entrepreneurial journey. The budget constraints are a pain for small business owners and the need for better financial planning is needed. In such situations, integrity acts as a much-needed trait in entrepreneurs and hence it is a must-have skill with all the entrepreneurs who are willing to manage their finances effectively.

Integrity is helpful in various aspects and useful for managing certain aspects of the small business. It is essential that there are enough efforts towards ensuring a smooth working strategy for managing the finances but with that is also needed the ability to be integral towards the business and it's objective and hence the integrity has its importance for managing the finances for small businesses and entrepreneurs.

This is the overview of integrity as a value and its importance for the small business owners.