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.

Half-way Reflection

This course has been very influential on my thoughts and theories about entrepreneurship and has changed the ways I look at this practice. In order to keep up with this course I had to develop organizational skills and time management. In order to be successful you have to be able to develop the mindset of an entrepreneur which involves being able to handle multiple things at one time and being able to get things done in tough situations. This course had a lot of assignments and at one point I missed three assignments in a row and I was falling behind and was about to give up on the course all together. I realized that I couldn't give up and that I needed to keep going and to complete this course or I was not going to be satisfied with myself. I would advise student who take this class to one, do the assignments early. Assignments that do not require a lot of time like the comments and certain blog posts you should go ahead and get out the way early. The assignments can start to build up if you do not keep up with them so it is a good thing to stay ahead and be on time. Also, you have to know that you have to get things done no matter what you have to be able to persevere no matter how much the assignment asks. Stay up to date with your assignments and do the extra credit and the class will go smoothly. The mos important thing to remember is to not stress out when things get tough be calm and do what you can and if you miss an assignment or too make up for it when you can.