Today we got our tests back in class. We also went over chapters 8 and 9 from the book. At the end of class we watched Shark Tank. My group also made a lot of improvements to our entrepreneurial experience.
We got our tests back and I did well. Going over some of the wrong answers was helpful learning what I'd gotten wrong. We also had an opportunity to ask questions about what we got wrong and why. This was good because we noticed there was several questions or points not evenly distributed throughout.
In chapter 8 we learned about the different financial statements used to guide a business. The three we learned specifically about were the cash flow, income, and balance sheet statements. In chapter 9 we covered cash flow and taxes.
On shark tank we saw two entrepreneurs that had a product similar to duct tape but that it was 10 times stronger. They had a revolutionary product and good offers from the sharks but their negotiating skills were not that great. In the end they did get a deal done which will probably help benefit their growth as a company.
In class, our group came up with our full operational plan and came up with our email presentation. We also started a twitter page for our company which we put out our company details and what we were going to do. We also followed a big majority of the people we knew on Twitter.
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