1. What stood out in the reading?
Reading about the importance of an LOI was interesting. I wasn't informed on the difference between a term sheet and an LOI before. Reading about the development of Dubai was also interesting. By diversifying the clientele of it's large development companies, Dubai's economy was able to continue to grow.
2. Confusing aspect of the reading
The checklist for analyzing a business was a bit long and hard to follow. One must check the business history, the market and competition, the sales and distribution, manufacturing, physical facilities, ownership, financial information, and management.
3. What two questions would I ask the author?
What are the most important elements to look for when analyzing a business? What do you think is the most effective venture valuation method?
4. Was the author wrong about anything?
There wasn't anything in this chapter that I questioned or disagreed with. Apart from maybe not placing such a high importance on the order of the steps in analyzing businesses operations, the steps themselves seemed logical and well thought-out.
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