From this weeks reading, I was mostly alarmed after realizing
how much work is involved in keeping ones financials correct and in order. It’s
a bit scary and intimidating knowing that you must keep all of your records in
order if you ever want an investor to review it. If they are not in order then
you could potentially risk losing an opportunity for your firm.
Out of the whole reading, the part that confuses me the most is
the part about the operating budget process. I didn’t quite understand the
purchase requirements and how one determines the beginning and ending
inventory.
If I could ask the author any question, I would ask if there
were any possible way to simplify the financial preparation process if you’re
planning to run a small business.
Lastly, there’s nothing that I can disagree and/or argue with
the author about this reading. This whole chapter seemed to confused me/surprise
me the entire time so there is no set topic I could specifically point out and
say “you are wrong about this.”
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