Week 6 Reading Reflection

Week 6

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?

This was a very interesting section in the book because I was not aware of all the proper questions I should be asking myself I wanted to acquire an established venture. Diving deep into the question of why they are selling the business in the first place is very important. You don’t want to purchase a sinking ship and have no way to dig it out of financial troubles.

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

The financial picture of the possible business was a little confusing. I understand that positive profit trends are very important, I would just have difficulty calculating that for myself.

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

The first question would be are there any benefits of buying a failing company. I ask this because I have a neighbor who bought a failing business and is still working to build it up

My next question would be what would be the legal action if you unknowingly bought a failing company. I ask this because I am curious how often get away with selling off these failing businesses.

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

I agree with the author and I thought that this week’s readings was very informational. I really enjoyed the reading and it was interesting about the questions to ask before buying a previous venture.