Sunday, March 20, 2016

Week 10 Reading Reflection

1) The biggest surprise for me in the reading was that there is a large preparation, perhaps the largest out of any other category, for finance. This does make sense however since the business world revolves around the management of money.
2) One part of the reading that stood out as confusing to me was the beginning part of the chapter. The introduction to how financial decisions applied to entrepreneurial ventures, as opposed to normal business endeavors, was interesting. It was crazy to me that finance is very different when delving into entrepreneurship.
3) I would ask first, what portion of financial prep is the most important for an entrepreneurial venture? Secondly I would ask how much emphasis should be put on finance as opposed to the idea itself. If the idea is innovative enough, can I focus on developing that instead of more effort put on monetary issues.
4) I do not believe the author was wrong about about anything. I agreed with the effort the author put on finance when it comes to entrepreneurship. Even if an idea is extremely innovative and effect, financial issues must still be considered.

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