Investing in Businesses
A type of investor who does not expect to be paid back until the business begins making money and sometimes accept a lower return compared to other sources of capital
What is Angel Investors
When a brand manufacturer sells direct to consumers and the end users of their products as opposed to using retailers to sell
What is Direct to Consumer
Finding potential customers who might be interested in buying a product or service.
You need to create a legal structure for your small business. You have plans for it to grow and hope in the future to sell shares to the public. Your startup partners are citizens of Mexico and Japan. You do not want to be personally responsible for business liabilities. Which legal structure should you set up for your business?
What is a C Corp
One should know if there is __________ for a product before taking on a business opportunity.
Selling products in bulk to various outlets or retailers for onward sales
What is the Wholesale Sales channel
Researching the potential customer and preparing for the sales conversation.
What is the Pre-Approach
You have opened a for-profit adult, brick-and-mortar technical school and you want to advertise it to potential students throughout your state. Which marketing method would be most appropriate
What is Mass marketing
This person or organization provides money with no ownership to a business that must be repaid with interest
What is a Lender
Businesses have complete control over distribution and pricing
What is direct distribution
Making the first contact with the customer and building a positive relationship.
What is Approach
Setting up and starting a business with the aim of profit
What is Entrepreneurship
provides money in exchange for the possibility of earning a profit or owning part of a business.
What is an Investor
Selling products to end customers for a profit, either in store, online, mail order, or by phone
What is Retail Sales Channel
Explaining the product or service and how it meets the customer's needs.
What is the Presentation
A snapshot of business assists, liabilities, and owners equity
What is a Balance Sheet
cost of borrowing money or the money earned from saving or investing money. It is usually calculated as a percentage of the amount of money involved.
What is Interest
Businesses that sell to other business who are the intended end user of the product
What is Business to business sales channel
Answering questions and addressing concerns that might prevent the customer from buying.
What is Handling Objections
What strategic planning tool helps a business identify its strengths, weaknesses, opportunities, and threats?
What is a SWOT Analysis