Sunday, February 7, 2016

Week 5 Reading Reflection



A couple things that I would ask is about how to avoid underestimating a budget when starting and if you were to start a new service how would you make a proper price point?  The chapter speaks of marketability as a necessity to judge how an idea or product will work out, but how does a startup go about marketing their idea before they get too financially invested?  I guess over all this chapter left me with more questions than answers.  One thing I did like is, while I was aware of a lot of the pitfalls, this chapter went deeper than I thought of on a few topics.  I think the biggest surprise was how off point an estimate for a new product would be off.  It states that it is not unusual to be more than 50% off on calculations.

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