Self Critique Essay Example | Topics and Well Written Essays - 500 words

Self Critique - Essay Example Entrepreneurs have to be extremely organized because at the beginning they are they only ones working for their business, so this means that they have to stay focused and on track at all times. In addition to my huge workload at school, I also have to make time for extra curricular activities. Finally, because entrepreneurs have to be so open to new ideas, they will inevitably have some failures along the way. As a student, I have done poorly in some of my classes but I did not let it stop me from doing well the next semester. The key was to wipe the slate clean and think of a new class as a fresh start, and I can do the same as a small business owner. In my opinion, my three greatest strengths as an entrepreneur would be the fact that I do not take advice well, have weak communication abilities, and am not very creative. Although entrepreneurs can be single-minded, there are some occasions when they need to take advice from someone else who may be more of an expert in a particular area. I am a very individual person and like to go with my own ideas because I know that I can trust them. Also, entrepreneurs have to be able to appeal to potential investors and/or partners to help with a small business. In my honest opinion, I do not sound very convincing when I am asking for help because I can feel somewhat embarrassed. Finally, entrepreneurs need to be creative and innovative because to make a difference in the marketplace they need to come up with something new. I struggle to do this because I am always afraid that something new will not be very successful, so I try to copy other designs somewhat. I can overcome my dislike of other people’s advice by keeping an open mind and remembering that I do not know everything. As long as the final decision is mine, then I am still in control and I can always change my mind if I need to. Also, I can overcome poor communication skills by practicing making pitches to other people. I need to remember

Module 3 Cash Flow Estimation BHS427 Health Care Finance (AUG2014-1) Essay - 1

Module 3 Cash Flow Estimation BHS427 Health Care Finance (AUG2014-1) (SLP) - Essay Example Secondly, the business needs to look at some of the investments made by the organization in terms of creating future growth. Failure to outlay the investments made by the organization may result in the investments being categorized as capital expenditures (Damodaran, 2011). In the estimation of cash flows, certain advantages and disadvantages may arise from the entire process. Cash flow estimation is seen as a means of attaining an organization’s value or rate of return (Juhà ¡sz, 2011). Cash flows in and out of an organization’s projects are often used as inputs in various financial models, which in turn, assist an organization in determining the overall value placed on certain projects. Also, a business’s liquidity can be determined through cash flow estimation. It is imperative for businesses to find out if there is the availability of cash at hand, regardless of whether the business or organization is making profits from its operations. Cash flow estimations may forecast if the business is likely to fail, especially if they predict a shortage of cash in the business. Furthermore, cash flows are often used to assess the worth of income generated from certain projects (Damodaran, 2011). What this implies is that some of the projects carried out by organizations or businesses may fail to bring in the required or intended organizational targets, which means they may be of low quality. Cash flows provide the intended forecast to prevent long-term investments in such projects, which means that most organizations are capable of conducting operations that are composed of large cash items often considered high quality. Lastly, cash flows determine the risks involved with certain projects. Negative earnings need to be identified in cash flow estimations because they tend to become problematic at the end of a financial period. In this case, earnings need to be adjusted to reflect the effects of the accounting management. When an