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?
The biggest surprise in the reading was the Due diligence section where there was a figure that demonstrated the checklist for Analyzing a Business; I was so shocked that there was such a long list and how each of the section went into such detail about what to analyze and how. I imagined analysis would be extensive but I didn't know how much until I saw the list.
2) Identify at least one part of the reading that was confusing to you.
Once again, the text is not that difficult to understand, so I wouldn't say I was confused. If I had to pick something then it would have to be the section that mentioned the Roll-up frenzy and how entrepreneurs would sell their business and then later on buy them back with the value being less than when it was acquired. I think the way it was written, it took me more than one reading to really understand it
3) If you were able to ask two questions to the author, what would you ask? Why?
What tip or suggestion would you give to overcome the emotional bias of the seller? I think that being able to overcome the emotional bias could make a business owner better. Why is the control factor so important? I get the effect it has but I just don't see why so I'd like an explanation.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
I didn't see anything that the author was wrong about, in my opinion.
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