1)
What was the biggest surprise for you
in the reading? In other words, what did you read that stood out the most as
different from your expectations?
I was surprised by all the essential details of the required financial
knowledge that this chapter gives to the student. I am a business
administration student and I’ve seen the different financial components for
about 3 years now, and I can say that this chapter provides one of the best
summaries of the financial means that every entrepreneur must know before
starting a business.
2)
Identify at least one part of the
reading that was confusing to you.
I understood every aspect described on this chapter. The only thing that
I believe should be explained in a more detailed way should be the part where
the author describes the preparation of financial budgets and the differences
between them.
3)
If you were able to ask two questions
to the author, what would you ask? Why?
I will ask the author the following
questions:
1. Would it be helpful for an
entrepreneur to have a financial assistant who could provide the entrepreneur
with help on keeping the financial aspects of the venture well managed, or is
it a cost that should be avoided?
2. Do you think that having a financial
knowledge previously to starting a business affects the success or failure of
the business?
This questions would be helpful
for entrepreneurs and instructors as they would provide answers that could help
the way in which entrepreneur is being taught today
4)
Was there anything you think the
author was wrong about? Where do you disagree with what she or he said? How?
No, I believe that the author provided a great summary of the key points
that all entrepreneur should have in consideration before starting a new
venture.
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