Starting a Small Business

When contemplating starting a Small Business, what must you ask yourself?

• How can I lose money the quickest?

• What does it all mean?

• Do I have what it takes?

• Where's Waldo?

In Entrepreneurship, what must one take, in order to receive a reward.

Ex: "You gotta ____ it, to get the biscuit!"

• knowledge

• risk

• reward

• medication

What is a "challenge" of a food-based business?

• reward

• rice & beans

• the chance to make quick money

• keeping the insects away

What "organizational structure" does Bloomingdale SHS utilize?

• learning-based

• horizontal

• flat

• hiearchial

What is another name for the "flat/horizontal" structure?

• learning-based

• hiearchial

• horizontal

• steel

What do you call the amount of pay on your paycheck AFTER the government has taken out their 30% (ex: taxes, social security, Medicare, etc.)?

• Net Pay

• Gross Pay

• Pay Pay

• None of these

What do you call the amount of pay on your paycheck BEFORE the government has taken out their 30% of taxes?

• Rice & Beans

• Trampoline

• Net

• Gross

What are the 4 main functions of a small business?

• Start, Take Over, Expand, Sell

• Function 1, Function 2, Function 3, Function 4

• Strategy & Development, Operations, Marketing, Finances

• Wrong Answer

Which small business function would create the business vison and mission, goals and objectives, and how the brand is developed?

• Finances

• Marketing

• Operations

• Strategy & Development

Which small business function decides when the strategy should be executed, who will work on the project, and making sure everyone is trained properly?

• Finances

• Operation

• Marketing

• Strategy & Development