Starting a Business Under 18 Quiz

What is the first step in starting a business as a kid?

• Find a business partner

• Ask for permission

• Create a website

• Set up a bank account

Why is it beneficial for kids to start a business?

• To learn skills and earn extra money

• To travel the world

• To become famous

• To avoid school

What is a key factor when choosing a business name?

• It should be long and complex

• It should be memorable and unique

• It should be similar to other businesses

• It should include numbers

What is one way to market your business?

• Keep prices high

• Avoid social media

• Ignore customer feedback

• Create a website

What should you do after receiving customer feedback?

• Delete negative comments

• Use it to improve your business

• Only focus on positive feedback

• Ignore it

What is an example of a successful business started by a kid?

• Gunner & Lux

• Apple

• Microsoft

• Amazon

What is a common legal requirement for kids starting a business?

• Having a driver's license

• Parental involvement for signing contracts

• Owning a property

• Being over 18 years old

What is a benefit of starting a business as a young entrepreneur?

• Guaranteed success

• Avoiding taxes

• Learning practical business skills

• Immediate wealth

What is a potential source of funding for a kid's business?

• Cryptocurrency

• Personal savings

• Government grants

• Stock market investments

What is a recommended action before launching a business?

• Avoid planning

• Ignore competitors

• Validate your idea

• Skip market research