1. Read Chapter Eight Notes (attached) 2. Chapter Reflection/Summary (600 words): **A summary of the main chapter points (500 words) using your own words and a brief (100 word) personal reflection of what was personally most interesting or useful to you from the chapter.
3. Answer the Application Question below (500 words): Suppose a colleague of your is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statements first to get that job out of the way before she tackles the rest of the plan. What is the flaw in your colleague’s logic as described to you?
