In chapter 14 of Entrepreneurship:
Theory, Process, and Practice, I was a little overwhelmed with all of the
information that goes into the valuation of a venture. I thought it was
interesting to learn about how to assess the value of a company because when I
watch Shark Tank they always mention, and sometimes talk about, what the
particular value of the company is but not how they reached the number.
Overall, I think that it was helpful that Kuratko included the list of
questions that an entrepreneur must answer.
In this chapter I didn’t find any section
to be particularly confusing, at times it was overwhelming but not confusing.
It would be interesting to know if Kuratko
knows the method for venture valuation that would be the most effective in
showing future success because since there are three methods it would make
sense that one has an advantage over the other two. Something else I would be
interested in knowing is Kuratko’s opinion on hiring an outside source to
evaluate a company. While I imagine that this could be pricey, I also think
that it would give the best objective evaluation of a company and provide the
owner with the best information moving forward.
I disagree with the concept of emotional
bias because there are some people that build businesses with the intent to
sell them for a profit. I think that emotional bias plays a larger role in
ventures started by people who are passionate about their product.
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