https://padlet.com/kreynolds0815/80ptoi8526zs Make corrections to Student Answers en-us 2019-02-25 13:55:27 UTC 2025-11-20 22:14:32 UTC hello@padlet.com https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335993966 If you don’t understand a business, how can you be successful. (Quote)

If you have no knowledge on how business works, how can you expect to suceed (Reflection)

]]> 2019-02-27 16:46:06 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335993966 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335993969 Agree. you have to know how a business runs in order to have you own.

How do you expect to start a business correctly, if you have no knowledge of how to do so.]]> 2019-02-27 16:46:06 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335993969 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994161 Agree
Reflection: If you don't understand how to run a business, you won't know how to make a profit.
 Quote:Every sale has related expenses, so a business can only make a profit if the selling price for its product or service is greater than all of the expenses associated with that product or service(PG.269)]]> 2019-02-27 16:46:23 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994161 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994197 agree, 
Quote-
if you have no knowledge of your expenses you will not know how much you need to spend in each area.
reflection-
i still agree beacuse you have to have a certian amount of knowledge to be a successful entrepreneur.

]]> 2019-02-27 16:46:25 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994197 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994275 Agree
You need to have a certain amount of knowledge to understand a business and if you don't have that than you can't be a successful Entrepreneur. ]]> 2019-02-27 16:46:33 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994275 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994311 Agree, you need to understand how to run your business correctly for it to be successful. Quote:  A business can only make a profit if the selling price for its product or service is greater than all of the expenses associated with that product or service. (pg. 269)

]]> 2019-02-27 16:46:36 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994311 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994318 agree  how can you be successful if you don't know anything ]]> 2019-02-27 16:46:36 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994318 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994336 Agree, you need to each aspects of your business costs. It aids you to understanding and knowing how to manage your business, Whether your benefiting/ making a profit]]> 2019-02-27 16:46:37 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994336 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994360 Agree 
You need to be informed to be successful


]]> 2019-02-27 16:46:39 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994360 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994380
4.  | It is important for businesses to control their expenses in order to gain a profit… | agree |   | “Evaluate your expenses, Eliminate and avoid debt, control profit and loss and…invest in your future”[192] | I have learned that to control your expenses you need to have a clear-cut plan before you spend your company’s profit.
__

]]> 2019-02-27 16:46:40 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994380 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994388 Agree, you cant conduct business without understanding it]]> 2019-02-27 16:46:41 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994388 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994508 agree ,If you don't fully understand how a business works, you can't be successful. ]]> 2019-02-27 16:46:52 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994508 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994917 Agree]]> 2019-02-27 16:47:16 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335994917 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995035 Agree, you have to know how a business runs in order to have you own.(Quote)

How do you expect to start a business correctly, if you have no knowledge of how to do so.(Reflection)]]> 2019-02-27 16:47:22 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995035 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995077 agree
 
They often consider what it takes to get started, such as equipment costs, and cost bases for their main products, such as wholesale figures. But some expenses remain neglected 



]]> 2019-02-27 16:47:26 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995077 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995081 I Agree because successful businesses invest time to create and manage budgets, prepare and review business plans and regularly monitor finance and performance.

]]> 2019-02-27 16:47:26 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995081 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995123 I AGREE, you dont know your business your not gong to be successful. ]]> 2019-02-27 16:47:31 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995123 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995140 agree

]]> 2019-02-27 16:47:32 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995140 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995601 agree.
Quote-“Success comes with the knowledge  to those who know themselves – their strengths, their values, and how they best perform.”
REFLECTION- 
An entrepreneur is ought to have knowledge about the field they are working in to succeed.  ]]> 2019-02-27 16:48:12 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995601 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995659 Agree
1Does the start up cost of a business include building cost, supplies, etc| (Quote) Bulk price, bulk quantity |I learned that when starting up a business, there certain costs that need to create your product and produce for your business.]]> 2019-02-27 16:48:16 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995659 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995665 Agree
 “The amount of money you can pay yourself may go up or down, you may even have to put more money into the business just to pay your employees."[9] 
 Through this passage, I have learned that the beginning steps of an entrepreneur can be filled with the most hardships. ]]> 2019-02-27 16:48:16 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335995665 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335996690 AGREE]]> 2019-02-27 16:49:34 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335996690 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335998179 agree you need to know ins and outs of your business expenses to be successful
reflection- I did not know that you had to do so much do run a business]]> 2019-02-27 16:51:38 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335998179 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335998755  Agree
 | If you don’t understand a business, how do you expect to be successful in it. (Quote)
Entrepreneurs must have a solid amount of knowledge on the business they want to take part in to be successful and be able to make ample profit from it. It also helps to prevent them from being used by other people or companies for profit due to their lack of knowledge on the business they are dealing with. (Reflection) ]]> 2019-02-27 16:52:24 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/335998755 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336003178 agree

]]> 2019-02-27 16:58:45 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336003178 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336003662 I truly Agree, because if you don't understand how a business work then how can you run that business. How can you make the money to keep the business running?....]]> 2019-02-27 16:59:37 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336003662 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055267 I agree because it is important to know how to run a business if you want to run one yourself.


]]> 2019-02-27 18:10:57 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055267 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055271 agree]]> 2019-02-27 18:10:58 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055271 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055280 Agree
Reflection: If you do not understand all types of expenses, managing these expenses to make a specific profit to remain operational is made difficult, if not impossible.
Quote: "Evaluate your expenses. Eliminate and avoid debt, control profit and loss... invest in your future."]]> 2019-02-27 18:10:59 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055280 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055291 I agree, not understanding how a business operates and how to monitor your expenses will result in a loss rather than a profit .]]> 2019-02-27 18:11:00 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055291 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055990 Agree, If you don't understand your expenses and your profits you can't evaluate how your business is doing and what your next step should be.]]> 2019-02-27 18:12:00 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336055990 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336056038 Agree, because without these things there wouldn't even be a business for you to start with. Also, lacking on knowledge would be the cause your business to decrease or not even rise.]]> 2019-02-27 18:12:04 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336056038 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336056058 Agree:
The lack of knowledge in your business will cause it to fail. Without understanding the basics or calculations you won't be successful]]> 2019-02-27 18:12:05 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336056058 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336057080 Agree: Buying business assets such as buildings and equipment are considered separately for tax purposes. ]]> 2019-02-27 18:13:50 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336057080 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336057143 Agree

In order to know the status (profitable, nonprofitable) of your business you MUST keep track of ALL your expenses, to further conclude your losses and/or profits.

If you lose more than you make, you need to reevaluate your business and/or its plan. ]]> 2019-02-27 18:13:56 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336057143 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336057167 I agree with the statement. Each expense adds up in order for a business to make a profit or loss. In order for an entrepreneur to run a business successfully they should understand the difference between each type of expense. ]]> 2019-02-27 18:13:59 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336057167 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336057494 2019-02-27 18:14:34 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336057494 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336058117 Agree
It would help you see the profitability of your company more correctly.

 | “Similarly, as a business grows, it may be able to negotiate better prices from suppliers because it is purchasing larger quantities of goods."]]> 2019-02-27 18:15:37 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336058117 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336058343 Agree: You need to be informed to be informed of everything in order to be successful

]]> 2019-02-27 18:15:59 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336058343 s_folkes10 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336058651 i agree a business should know their expenses because they need to know how to manage their money

]]> 2019-02-27 18:16:27 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336058651 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336059147 Agree
it's better to know the basics of the company then to not know because, if you know how to run the expenses and profits of your business there's a 99% chance you business won't be as successful as others.]]> 2019-02-27 18:17:15 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336059147 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336059577 I agree ]]> 2019-02-27 18:17:57 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336059577 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336060049 I agree, because if you don't know each type of expense you may not understand the costs you have to pay. "The word “fixed” doesn’t mean the expense will never change. It means only that an expense doesn’t change in response to sales."

]]> 2019-02-27 18:18:42 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336060049 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336060296 Yes, because you need insight in the occupation that you be learning about. Its also imperative to know these things because you can help another starting business get their feet ofF the ground BY Ur Information. ]]> 2019-02-27 18:19:06 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336060296 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336060380 agree,"Associated with each unit of sale ,including the cost of material and labor used to make a product(service) ]]> 2019-02-27 18:19:13 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336060380 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336060853 I agree it is important to know your business expenses because you become financially aware and improve your money management .You can control your costs  & see what you're spending money on and how much you're spending.

]]> 2019-02-27 18:19:59 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336060853 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336062385 agree, because without learning how to do all types of expense there is no why for your business to be successful.]]> 2019-02-27 18:22:14 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336062385 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336062535 I agree with the statement that entrepreneurs must under each type of expense to run their business successfully. Beyond being necessary for a company's immediate financial health, accounting practices are important strategic tools for entrepreneurs They allow small business managers to make future projections and predictions in real time.

Quote: "Entrepreneurs and managers of emerging enterprises need to understand basic financial information if they are to effectively develop their businesses. Budgets and cash flow projections are two of the most important tools which the business has for setting direction and managing risk."]]> 2019-02-27 18:22:27 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336062535 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336062673 I agree that is important for business to control their expenses because if you spend what you don't have there won't be any money coming back to you in profit ]]> 2019-02-27 18:22:40 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336062673 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336066221 I strongly agree, because without the proper knowledge of business expenses, how will one make a profit and to confirm that all their expenses are organized and paid for.

]]> 2019-02-27 18:27:54 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/336066221 https://padlet.com/kreynolds0815/80ptoi8526zs/wish/353495432 2019-04-23 18:27:06 UTC https://padlet.com/kreynolds0815/80ptoi8526zs/wish/353495432