Week 10 Reading Reflection

Week 10 Reading Reflection

1)      The biggest surprise for my in the reading was that there are so many different kinds of budgets. I always kind f figured every business either big or small kind of operated under the same principles/ budgeting process.

2)      One part of the reading that was confusing to me was how operating budget was projected only by advertising, seems like it should be based on other factors too.

3)      2 questions I would ask the author are:

a.       If you were to start a business what kind of cost structure would you use?

b.      What is the bare minimum an entrepreneur must know in this field to be successful?

4)      One thing I disagree with the author about was the all the “required” different statements. It seems as a small business owner you wouldn’t necessarily need every different kind of statement that a big business uses that presents just about the same information.