Reference no: EM131739513

Go to the U.S. Small Business Administration website and search for "break-even point" at https://www.sba.gov/

Then answer the questions posed:

1. Why is it important for a business to know their break-even point? Cite an example and support your answer with your rationale.
2. How long should a business be prepared to survive financially if they do not make a profit? (Support your answer with references.)
3. What resources could Tim, the shop's owner in the simulation, use if he needs to gain access to more funds to operate his business in the near future?