Week 13 Reading Reflection

The thing that surprised me the most in the chapter was the extra earning figure.  I had never heard about this before.  One can use it to estimate the value of items that we cannot physically grasp.

The pricing formula confused me.  There were so many steps to it.  It was hard to keep track of them all.

I would ask the author to better explain the pricing formula, so that I can have a better understanding of it.  I would also ask him what method he uses to analyze a business.  I would ask him this because I would like to use that same method.

I did not disagree with anything the author had to say.  Everything was explained thoroughly. 

Celebrating Failure

I have failed in this semester when I have forgotten to complete the assignments that were due.  This has happened to me a couple of times this semester.  These failures have helped me in the future.  I am now much better at remembering due dates.  I am a lot more organized now.
Failing is not easy.  However, it is a part of life.  We need it.  As humans, we learn from our mistakes.  I usually handle failure well because I know that I am getting stronger from it.  This class has taught me how to take risks.  I am definitely more likely to take risks now than I was four months ago.

My Exit Strategy

1.  My exit strategy would be to sell the business when I am offered an amount of money that I deem fit for it.
2.  I have chosen this particular exit strategy because I do not wish to stay with this venture for the rest of my life.  I rather create new ventures.
3.  I do not think my exit strategy influenced my other decisions for this concept.  I haven't thought about my exit strategy until today.  I still want to grow my business as much as possible and see it be successful.