Small Business Basics
A group of companies that compete with one another to sell similar products
What is an industry
This statement captures my passion and goals
What is a vision statement?
We use this to search the internet but we can also use this to communicate and organize our business.
What is Google?
Quick place to grab a bag of chips and something to drink.
What is a corner store/bodega/convenience store etc.,
Some say people pay way too much money here for coffee...
What is Starbucks?
All businesses that produce tangible goods.
What is the goods-producing sector?
This sets a business up for success.
What is a strategic business plan?
A little birdie told me you started a business.
What is Twitter?
Best place to get fresh ice cream.
What is a ice cream truck or ice cream shop?
Just do it
What is Nike?
All businesses that provide a service but don't make tangible goods.
What is the service-producing sector.
This outlines the purpose of my business.
What is a mission statement?
This is a good place for people to learn more about your business.
What is a website?
Best place for a slice of pizza.
Local pizza shop
This retailer can be found in nationwide and has everything from electronics, to clothes, to food, to McDonald's.
What is Walmart?
If you don't have you won't be in business long
What are customers?
This tracks a businesses progress.
What is a scorecard?
Some people use this to post selfies, we can also use this to market our business.
What is Instagram?
Best place to get a fresh flower bouquet.
What is a flower shop?
We order almost everything we need from here.
What is Amazon?
A business needs this to grow and scale.
What is revenue?
You should do these three things after you have successfully executed your business plan.
Adjust, learn and improve.
This is available to take care of your project planning needs.
What is Trello?
Best place to get a hair cut or hair style.
What is a barbershop/salon?
If you don't have a car you use their App to get around.
What is Uber/Lyft (or any rideshare) app?