Individual Learning Reflection

Learning Week: [5]

<Tran Ba Trung> <11207316>

1.What are your key learning points for the recent week?
Last week, I reviewed my previous knowledge about corporate finance and how to
provide cost and revenue data in the most accurate way.
2.Which learning points do you like the most?
Among the concepts and knowledge last week, the one that interested me the most was
the break-even point. This is a formula applicable to all types of businesses to determine
their break-even point. From there, you can roughly know when the business will start to
make a profit. The break-even point has a fairly easy formula, but determining the
number in that formula really requires high precision.

3.Is there any learning point that you find difficult to understand? Is there any doubt?
To be honest, these are the concepts I've learned. If I say it's difficult to understand, it's
really not. However, there is one thing that always makes me feel difficult, which is
determining what are fixed costs and what are variable costs. It's really a headache.
4.Which learning point is new to you? Does it make you change your previous thinking?
Most of the concepts I've learned so there's nothing new. However, it's been a while since
I used or reviewed them so I still feel a bit confused.

5.Which entrepreneurship topic will you research further? And how?

I am learning about how a business builds finance and how they use finance. We often
hear about companies with a number of key figures who are considered financial wizards.
So I want to find out how such people really think and handle financial issues to help
their companies always have the financial potential to develop and be profitable.

6.Describe at least one relation/personal experience between what you have learned and
things happening in your life?
Recently, I had a personal experience that reinforced the significance of pricing
strategies. Observing how a competitor's pricing decisions affected consumer choices in a

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Individual Learning Reflection

real-world scenario highlighted the immediate and tangible impact of pricing on market
dynamics.
7.What do you plan to apply into developing your venture and yourself?
Regarding my business activities, I plan to apply my knowledge and experience in
finance to try to learn more about the costs of building a business. I need to see how to
minimize costs and increase revenue as much as possible to reach break-even point early
and increase profits.

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