My Week 10 Reading Reflection

In the reading, I was most surprised to learn that break-even analysis can be used even when the exact costs are unknown. It is convenient that this analysis can still be used even if fixed or variable costs can only be estimated at the time.

I was most confused by the pro-forma statements, simply because I had not previously been familiar with them. However, upon reading about them they seem very logical and a beneficial step in the budgeting process.

If I could ask the author two questions, I would first ask, "What struggles or obstacles have you encountered in your own experiences with financial budgeting as an entrepreneur?" I would also ask, "What do you believe to be the most important takeaway from this chapter?" I would be interested to hear his responses on both of these questions.

I did not believe that the author was incorrect in anything in this chapter.