Business Ownership
A written proposal that describes a new business and strategies to launch that business.
What is a business plan?
The guiding moral compass for the company.
What are Core Values?
It is always better to expand your market to Everyone
What is False
As a Business Owner vetting (validating) new directions for the company can be time consuming. A Consultant can be useful to...
What is assist with evaluation and analysis?
A Business Coach meets a client
What is where they are at?
A Business objective is more than a set of goals, it describes the ultimate movement or direction a business takes. the Objective is the result of this Plan.
What is strategic plan
The Company Agreements that are derived from the Core Values.
What are Company Commitments ?
Creating a very specific Niche helps to define your UVP
What is True?
What is a consultant good for when I have so many things on my plate as an owner of a business
What is create a strategy and organize your output?
The primary job of a Coach is
What is Aks Questions?
Stands for General Accepted Accounting Principal
What is GAAP?
The Statement that describes the ultimate outcome for the company.
What is a Vision Statement?
When doing a Business Plan doing research in your Market Niche is one of the most important parts of a Business Plan
What is True
A Business Consultant helps you to choose a direction and helps to...
What is Prioritize what is next?
The desired outcome of working with a coach
What is transformation?
Collect and verify source documents, Analyze each transaction, journalize each transaction, post to the general ledger and prepare a trial balance.
What are the first 5 steps of the accounting cycle?
The Company why in combination with the results of how the company improves peoples lives.
What is a Purpose Statement?
Does choosing a market Niche help a business owner to direct their advertising to hitting a very specific target?
What is True
A healthy Net to Gross percentage for operating any company is
What is percentage of 30% or greater?
A coach can always provide the one thing that is the most valuable to a client
What is and outside perspective?
An executive summary, mission statement, company description, product and service plan, management team plan, industry overview, market analysis, competitive analysis, marketing plan, operational plan, organizational plan, financial plan, growth plan, contingency (emergency plan)
What are components of business plan?
The statement that sets you apart from your competition.
What is a UVP (Unique Value Proposition)?
When speaking to a Market Niche is it important to tell them what you do and how you do it?
What is False.
The top 6 business functions a Business consultant helps with list 4 out of 6
KPI or Metrics
Analysis
Personnel
Direction
Challenging the thought process
Culture
Working with a certified business coach will challenge you, grow you, and ultimately change your business into
What is my desired outcome?