Lesson

IE – Business Economics Fundamentals – Lesson 8 – Reflection Task

Reflection Task:

450 to 500 Words

Please answer the following question(s):

  • How big a business do you hope to create? Is it meant to be a business that you sell for a big profit, or take public, or is it a business you believe should remain smaller or within your personal control? Why?
  • Developing financial projections is a mix of guessing, doing homework and finding comparable scenarios, and thinking through many variables. It often creates pressure to generate a positive picture by changing assumptions. Answer these questions without taking into account the challenges of raising money: How much money do you guess you need initially? What will you accomplish with it? Will you need more capital after you reach this goal?
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Single nanocourses do not qualify for academic credit. However, enrolled students can add twelve nanocourses together, and purchase a Nanocourse Credit Conversion option. If you are going to do that, please gather all reflection questions and your answers in a single document throughout the course. You will upload them all for grading once you purchase the Nanocourse Credit Conversion Option.