Week 13 Reading Reflection

1.What stood out most to me is the vastness of the business analysis checklist. Its size is unfathomable, it makes it seem so complicated and intricate to really analyze any business.
2.One topic that confused me a bit was the types of stock. I really don’t understand the true difference between common and preferred stock, and I feel like this is a pretty important topic to comprehend.
3.A question I would love to ask the author is about business valuation: “Which method do you believe is best for accurately valuing a business?” An answer to this question could improve my understanding and thinking of the whole valuation process. Also, asking what the control factor really means would be very helpful toward my comprehension of the whole topic.
4.To be quite honest, there is not much in this week’s reading that I disagree with, mostly because the author primarily wrote about facts, such as different methods of stock and business valuation and analyses. So, I can’t disagree with fact, I think the author did a fantastic job with this chapter.

Celebrating Failure

This semester has been full of failures since the start of this class. Much of this class is what I do not prefer to do in school. I love studying a week before my exam as hard as possible and live or die on three grades. This class was completely the opposite. I had to focus on school constantly every week to make sure everything was in correctly. My failure was not completing 14 of these assignments already. This is a failure because these assignments are not extremely difficult and if i miss 2 more i have no chance at an A in this class. Ive learned that I should have focused more on school and take this class more serious so that I would not be stress out over assignments. This would help me not only in this class but later when i have other classes, I will be able to keep up with my work. Failure to myself only exist when you have something to impress. Impressing your mother with good grads or friends with what you do, if you fail its because you arent doing something for someone. To handle failure, you must understand that you tried your hardest and need to know that this is the best you can do. This class has changed my perspective on failure by showing that failing sometimes is okay as long as their are ways to improve later. This is how I have changed in the last 4 months. 

My Exit Strategy

The exit strategy I have developed is to sell my company for a large sum of money. This is extremely important to myself because the initial money I have put in would be nothing. That way I can make money for a couple of years and when I am ready to grow on to bigger and better things, I could simply just sell it. This has caused me to influence my growth because I do want to expand the company but that would take years of not making a lot of money. After I graduate I plan on having a high paying job that will over take this small job. Selling the company after becoming successful with chipotle is where I see myself a couple years down the line.