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?
There was nothing very surprising in this section. I understand how important finances and budgeting are to growing business and how if you do not handle your finances correctly there are great chances that your company will fail. Knowing how to budget your business and handle the finances is just as important as knowing how to create the product or provide the service.
2) Identify at least one part of the reading that was confusing to you.
Nothing in this section was confusing to me since I have already taken all the basic accounting and finances courses. Most all of the concepts presented in this section were simple ones and did not go above the concepts presented in previous finance courses.
3) If you were able to ask two questions to the author, what would you ask? Why?
1.) If an owner has to bring in help for accounting and finances early on in the business life cycle, how much information, ideas, and responsibility should be shared with the outsider?
2.) When is it typically acceptable for the owner to start running his/her personal finances through their company?
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
Since the chapter was mostly about technical and conceptual information regarding company finances, I could not find anything to disagree with the author about.
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