Week 8 Reading Reflection

This chapter was really informative about a lot of the things that we do not learn about before and sometimes even after attending college. Everything in this chapter was pretty interesting to me since I do not know much about the financial side of starting a business. Some of the things the author talked about was debit vs equity financing and also he discussed some of the five steps involved when trying to take out a loan from the bank. How you receive capital from a business is really an issue you have to think a lot about because it could make or break your business. In the text the author also discussed how some financing requires you to give up part of your ownership as well over a company. There are a lot of logistics involved when it comes to financing a business and the author was really clear about the differences and options that business owners have.