Week 10 Reading Reflection

I was surprised how much I knew in this chapter! I've taken a few accounting classes and macro/micro, so this made so much sense! It really tied in the math part of business, which I really enjoy.

This isn't so much confusion as much as curiosity. Would an entrepreneur be more likely to have his/her own accounting background or would they partner with an accountant or accounting firm? Which statement would be the best to give to potential investors?

I don't know how many investments an entrepreneur would be making for a capital budget. I understand the initial investments, but if an entrepreneur is only there to start the company and exit, why are they making significant investments?

Elevator Pitch #3

2) A reflection on the feedback you received from your last pitch. 

The feedback I got was to expand my audience, as my company could be attractive to people other than mothers with busy children.

3) What did you change, based on the feedback?

I focused less on the health aspect and more on the quickness. I wanted to shift my target from concerned mothers to people with time constraints. I also explained how I would keep prices low by ignoring the organic label. Food is not automatically healthy because it has an organic label, and it is not automatically unhealthy if it lacks an organic label. I explained that in my pitch