PRICING
Clients are typically a bit hesitant to sign off on a pricing structure that is 100% what?
Hourly
What are the 4 P's in marketing?
Product
Price
Place
Promotion
I am selling a product that has to be ordered. Once the product is delivered, I will then report the sale and pay sales tax. What is the accounting method I'm using?
Accural
What is the name of the service I would use to deliver my sofa to a client?
White Glove Delivery
What is the minimum TYPE (not amounts) of insurance I need for a small business?
General Liability
If you are doing a project that involves purchasing a lot of product for the job but the product might be sourced at retailers, wholesalers or online. What is the best way to ensure you make enough money on the purchases no matter where their purchased?
Cost Plus
I'm trying to sell my products online so I take out a Facebook ad to generate business. Is that considered sales or marketing?
Marketing
I receive an invoice from a vendor with a net 30 due date. If I enter the invoice into my system to be paid later, is that an expense or a liability?
Liability - it becomes an expense when the bill is paid.
Name one way your can support your vendors without spending money?
Referrals
Social Media Reviews
Act as a reference
Include them on your website
True or False - Workers compensation insurance is not needed unless i have 5 or more employees?
False. Even if you have one employee, you need workers comp
What is a good way to justify a higher per hour rate for your design services if you've been in business for a while?
Value oriented
I am putting together a list of names for an email list. I've purchased this list from a list vendor. What must I do if I plan to send an email to this list?
A. Send an intro email with an opt in
B. Provide a way to opt out
C. Don't send your email to a random list of name
C. Don't send an email to a random list of names because your email may get flagged as spam and you could get blacklisted.
Another name for a profit and loss report?
Income Statement
Cutting for approval
My store was destroyed by a fire but I'm still collecting an income - what type of insurance do I have?
Business interruption or Business Income
I have a desired salary of $50,000
I work 40 hours a week on my business and I'm able to bill out for 20
My fixed and variable costs are $10,000
What is the minimum I need to charge per hour to make $50,000 (round up)
$62.00 Per hour
What are the 4 best ways to get your website found?
Consistant updates with blogs, videos, links and reviews
Is a patent considered a current or fixed asset.
Fixed - it cannot easily be converted to cash.
Sourcing
I made a mistake with a project and the costs to fix it were covered by what type of insurance?
If you make money on design and product sales, what is the best of both world way to charge for your service?
Combo
What is a good website to use for data on the ranking of social media accounts
Social Blade
Of the three accounting software platforms we reviewed, payroll services can be added to?
Quickbooks
If I'm ordering a bench cushion for a niche at my clients home, what helps ensure it is sized correctly?
Template
No