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?
Nothing was surprising to me as all of this isn't new to me. I will say though that I did learn a little bit from the pro forma statement section as I have never gone over those before and have no experience with them.
2) Identify at least one part of the reading that was confusing to you.
Fortunately, nothing was confusing to me as not only have I recently taken accounting and have reviewed all of these terms and concepts, but I also work in retail and know many of these terms already through my job. The one thing that was new to me was the part on pro forma statements as I have never covered that concept before.
3) If you were able to ask two questions to the author, what would you ask? Why?
Should a starting entrepreneur be expected to know all of these terms and how the different worksheets work? I feel that some times the entrepreneur needs to focus more on their product/service and have someone else to do budgeting and inventory tracking.
I don't see any other questions that I would ask the author. As I stated before, nothing here is new to me and I have gone over it before. Any questions that I've had on this subject I have asked before.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
Since the author is covering mostly technical terms, I don't usually find anything wrong or anything that I would question. All of these terms are used within the industry and are pretty standard so I don't see a way in which the author could be wrong about them.
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