Week 10 Reading Reflection

Week 10 Reading Reflection

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? 

Most of the content in the book were familiar. I've been interesting in the field of entrepreneurship for a while. There was really no surprise for me in the reading.  

2) Identify at least one part of the reading that was confusing to you.

  The difference between the terms “note payable” and “loan payable” were the things that confused me. The textbook defines a "note payable" as a promissory note given in connection with an acquisition of funds, such as for a bank loan. So, does this mean a bank loan also be included in the loan payable?

3) If you were able to ask two questions to the author, what would you ask? Why?

            Question 1: What should an entrepreneur do if the cash flows are lower than expected? What actions are needed to improve it?

            Question 2:  What can be a solution for a small company to survive when the country’s currency begins to lose value?

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

There was nothing that I believe the author was wrong about in the textbook.