This week we had to read chapter 11 Financial Preparations for Entrepreneurial Ventures. A big chunk of preparation when opening a business goes into the financial sectors. After reading this chapter I understood the how to's of the financial side of entrepreneurship. I now understand balance sheet. I had an idea from my bank statements that I receive every month but balance sheets have a lot more to them. This was probably the most confusing to me, understanding what constitutes make up a balance sheet. I am currently takes macroeconomics and I found it surprisingly nice that I understood gross sales and net income meant. Why do some companies do these quarterly and yearly? If start up companies have a negative net income in other words they are losing money should they still continue operating? I have no disagreements with the author.
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