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?
What stood out to me the most was the pro forma statements because I've never heard of them until I read the chapter.
2) Identify at least one part of the reading that was confusing to you.
Nothing was really confusing because it was self-explanatory. This chapter was a reiteration of the core accounting and financial principles that any entrepreneur must remember.
3) If you were able to ask two questions to the author, what would you ask? Why?
I would ask the author the following two questions:
From a long term perspective, how will American businesses thrive in an economy in which the dollar is not the reserve currency? China is a major international player in the global economy, so I believe it's only a matter of time until foreigners, like China, start to switch to the Euro. I'm curious about the impacts of such a switch.
What are the top five ways in which a start-up venture could protect itself from falling victim to the "failing within the first year or two" myth? It is important to keep, in my opinion, a consistent set of values that keep your company from falling a part, so the author's top five would be beneficial to hear.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
No, there wasn't anything I disagreed about in the chapter. In fact, my favorite part of the chapter was the global perspective: when currency loses its global value.
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