Something I found surprising about the reading was the section on the Due Diligence Evaluation. I never really thought about the fact that an entrepreneur should lay out everything on paper in detail when considering the acquisition on a venture. I think this is really smart because then an entrepreneur can really look at all the details and figure out their's companies' true worth.
One section that was confusing to me was the section on the adjusted tangible book value. I'm not exactly sure how to conduct this book value assessment and what it means for a company.
If I was able to ask 2 questions to the author, they would be 1) how exactly do you conduct an adjusted tangible book value and 2) what is a price earnings ratio used for?
I pretty much agreed with everything the author said. An entrepreneur really has to take a lot of things into account once they begin their business venture. I never really realized how in-depth and detailed it needed to be as well. I think any entrepreneur needs to really think about this before the decide to begin a venture, because it could make or break you.
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