Side Hustle Pages 1-10 Flashcard

Front

What are 3 important qualities of a good side hustle? Options: feasible, profitable, persuasive; profitable, easy, full time; feasible, profitable, original idea; difficult to start but easy to maintain, profitable, persuasive

Back

feasible, profitable, persuasive

Front

Which of the following could be a threat? Changes in technology, A market vacated by an ineffective competitor, Location of your business, Lack of marketing expertise

Back

Changes in technology

Front

What does SWOT stand for?

Back

Strengths, weaknesses, opportunities, threats

Front

Which of the following is a weakness?
Overseas demand for product
Falling number of customers within specific age group
Making a profit
Poor quality goods

Back

Poor quality goods

Front

Which of the following is an opportunity? New market opened up, Minimum wage so higher wages have to be paid, Negative publicity, Good financial situation

Back

New market opened up

Front

What is a Side Hustle?

Back

A money making project you start on the side

Front

What are the two jobs every business owner has?

Back

their chosen profession and lead generation

Front

Companies like Amazon, Facebook, and Google all built their business by

Back

tracking their data

Answer explanation

Front

What is a consumer pain point?

Back

a problem a consumer needs to solve that presents an opportunity to create a side hustle/business