Chapter 11: Financial Preparation for Entrepreneurial Ventures
1) The part of this reading that stood out was how many financial ratios existed, specifically the table on page 341 (figure 11.12). There is a page and a half of different formulas, what they measure, and how they are useful. I'm not really into math, so all of these formulas caught me off guard (especially since this is an entrepreneurship class and not financial accounting)!
2) This chapter in its entirety confused me. I didn't realize how many different budget plans there were, and how many different ways you can prepare them. I also really didn't understand any of the formulas that I mentioned in question 1, and a few other math-based concepts had me really confused.
3) I would ask the author why he included vocabulary like "cash" (page 314) in the writing. It's a very straightforward word, so I was just wondering why he felt is was necessary to include it. I would also ask why he included almost every single financial ratio formulas. Did he expect people to memorize these or did he just put them in for reference?
4) I never think that the author is wrong, but that he could instead change something about the text. In this chapter, I think he should alter the part about financial ratios. I can tell he tried to put it in a visually pleasing way to promote understanding, but the whole thing is just way to confusing and it should be condensed.
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