Business Plan Reflection 2/23

1. What have you learned about being prepared for anything?
        I have learned that being prepared allows you to accomplish so much more.  Being prepared leads to more success.

2. How did you react to having to deal with the possibility that your original assumptions may have been wrong?
        I was pretty OK with it.  I knew that there was a possibility that our plans would not go perfectly, so I wasn't too worry about it.

3.  What did you learn about our economy? Has your opinion changed about anything?
        I learned that the economy is a lot better than I thought it was.  I learned that the unemployment rate is 4.9%, but I thought that it was higher.  I also thought that the inflation rate is a lot higher than it actually is.

4.  How will the economy impact your business?
        The economy impacts my business in a good fashion.  The economy will not hurt our business, because of the good inflation rate and unemployment rate.  If they were higher, the business would not have as much customers.

5.  Were you aware of all the expenses your business would have to pay?
        Matt and I were aware of the expenses that we would have to pay.  This is because they are pretty basic expenses and they were kind of common sense.

6.  Which expenses stood out during your research?
        The expenses that stood out the most during research was licenses.  Matt and I knew we would have to have licenses, but we were not 100% sure what kind of licenses we would have.