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WorksheetsStarting a Small Business
Total questions: 10
Worksheet time: 8mins
What is the first and primary question you should ask yourself before starting a small business?
Am I business savvy
Where will I get the money
Where should my business be located
Do I have what it takes
When starting a new business, you should be prepared for which of the following?
6 hour workdays, 5 days a week
8 hour workdays, 5-6 days a week
10 hour workdays, 5-6 days a week
12 hour workdays 6-7 days a week
Money needed to expand for additional inventory, equipment, marketing cost, employees, etc. is known as which of the following?
Competitive Risk
Market Analysis
Marketing
Expansion Capital
The phenomenon demonstrating individuals desire to get along and avoid conflict is known as which of the following?
Crowd concept
Group think
Dissonance repression
Controversy avoidance
Which section of the business plan should be the bulk of your plan and time?
Marketing and sales
Organization and management
Market analysis
Service and/or product line
Which type of market test engages the snowball effect?
Focus groups
Surveys
Networking
Interviewing
Which section of the business plan discusses how owner(s) plan to enter the industry and grow the business?
Marketing and sales
Organization and managment
Market analysis
Service and/or product line
When conducting a market analysis, you should forecast the next _________________.
1-3 years
3-5 years
5-8 years
8-10 years
What is the term for specific, time-sensitive accomplishments used to measure the short-term progress of an organization?
Goal
Mission
Plan
Objective
Which of the following business structures work great for small businesses?
Bureaucratic
Hierarchical
Learning Based
Divisional
