Hi, your analysis highlights the fundamental factors that an entrepreneur should consider when starting or buying a business. The first reasonable step is establishing the legal requirements of the venture through due diligence. Secondly, the entrepreneur should conduct a business valuation by addressing the three essential elements: degree of control, the accuracy of projections, and start-up costs (Berkman, 13).
Hi, based on your analysis due diligence is the critical assessment of an existing venture. An entrepreneur or investor carries out due diligence to evaluate or forecast the success of the business. Business valuation also helps the investor or entrepreneur make sound financial decisions in a venture. The valuation process highlights the deferred expenses, goodwill, intangible assets, the business environment, history, patents, etc. (Reilly, 38).
Hi, in your post two aspects emerge with regards to the valuation and due diligence of a business: success and viability. Due diligence examines the viability of an existing venture while business valuation assesses whether the company will be a failure or a success. The projections of the fluctuations, patterns, and trends provided by the two strategies are essential in decision making and establishing control over the enterprise (Berkman, 17).
Final Thoughts
Hi, it is fascinating that you got to understand yourself better from the exercises and classes. The knowledge of the true-self is vital for development and growth at a personal level. It is vivid that from now henceforth your practices and ideas will be motivated by feminism or the need to institute equality or fairness for all. Inequities are present all around us, particularly in the business environment. Hence, your endeavor will not be easy. It will require a lot of patience and endurance.
Hi, the course was indeed interesting and it is so sad that it has come to an end. But this gives us an opportunity to practice what we have learned from the entire process which I am quite sure will also be enjoyable. The controversial topics have prepared us for the daunting tasks that await us in the society. With the set of skills and open-mindedness obtained from the course, I believe that we will be in a better position to handle various tasks.
Works Cited
Berkman, Jeffrey W. Due Diligence and the Business Transaction: Getting a Deal Done. Apress, 2014.
Reilly, Robert F. "Valuation Due-Diligence Procedures." American Bankruptcy Institute Journal 33.1 (2014): 38.
