1. The biggest surprise in the reading for me was the depth of analyzing a business. It goes more in depth than just the monetary assets and liabilities but also considers the employees when analyzing a business. I thought it would have been more cut and dry and easy to determine.
2. The part of the reading that confused me was that there wasn't a formula or a by the book way to determine the value of a business. The value of a business considers opinions that can differ from each person, therefore, the value will be more for some people and less for others. I thought a business would be x amount of dollars to everyone.
3. The first question I would like to ask the author is, "When selling your own business that you have invested a lot of time and money into, how can you determine the actual price of the business without having your emotional attachment to the business affect what you thing the business is worth?" The second question I would like to ask the author is, "What do you consider the most important part of the valuation process?"
4. One thing that I disagree with the author on is the use of Wikipedia.com. The definition the author uses to start the chapter is from Wikipedia.com. I do not think anything from that website should be used in a textbook. We are told as students to not use wikipedia as a source when writing a paper because anyone can edit the pages.
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