Week 13 Reading Reflection

Kuratko Chapter 14: Valuation of Entrepreneurial Ventures

1. In this week's reading, I was surprised by the importance of valuation and due diligence. It did not occur to me that every entrepreneur should be able to calculate the value of his or her business and also should be able to determine the value of a competitor's operation. Some aspects that I thought were interesting in certain situations are: determining inheritance tax liability (potential estate tax liability); and raising growth capital through stock warrants or convertible loans. 
2. There were no parts of this reading that I was confused about, as it was an excellent and detailed coverage in determining the valuation of entrepreneurial ventures.
3. I would want to ask the author these two questions:
• As an entrepreneur, how would you steer clear of emotional bias, especially when it is challenging to stay objective about your own enterprise?
• What would be the best out of the three principal methods currently used in business valuations?
• I would want to ask the author these two questions as he may provide valuable insight and perspective.
4. I do not think the author was wrong about anything in this chapter of the text.