A written description of the business idea and how it will be carried out, including all major activities.
What is a business plan?
100
Tend to be independent, persistent, and self-motivated. They like doing things themselves, stay on task and do not need someone to supervise them.
What is a Small Business Owner?
100
Business managers spend more than half of their time interacting with people.
What is Human Relations?
100
Analyze Staff Needs, Determine Employee Qualifications and Find New Employees.
What is Human Resource Management Skills?
100
A detailed plan for meeting the financial needs of a business. It anticipates sources of income and predicts expenses.
What is a Business Budget?
200
The ability to influence individuals, groups, or teams to accomplish important goals.
What is Leadership?
200
Advantages are customers have unique needs, want more individual attention and are willing to pay more for a product or service to obtain what they really want.
What is Three Advantages Small Businesses have over Large Businesses?
200
Ability to influence individuals, groups, or teams to accomplish important goals, including improving profits, the "bottom line" of the business.
What is Business Leadership?
200
Career Placement Offices, Referrals, Employment Agencies, Newspaper Classified advertising, Internet career services, Job and Career fairs, Company websites, Radio Advertising.
What are places you can find new employees?
200
Start-up, Operating and Cash Budgets.
What are three types of business budgets?
300
The amount of money paid to an employee for work performed.
What is Compensation?
300
Description of the Business, Description of the Competition, Marketing Plan, Customer Analysis, Operations Plan and Financial Plan.
What are the Six Key elements of a Business Plan?
300
This characteristic works well with others, develops group relationships.
What is cooperation?
300
Salary or wages.
What are two ways employees can be paid?
300
Calculate the net profit for the month for Sandusky Free Trade Company where:
Cash sales were $5,150, charge sales were $872 and other revenue was $75.
Salaries were $2,780, advertising was $500, rent was $750 and supplies were $75.
What is $1,992?
400
Includes compensation in forms other than a direct payment to the employee.
What are Benefits?
400
Requires an owner to analyze her or his concept, and make decisions about key business activities such as production, marketing, staffing and financing.
What is Developing a Business Plan?
400
Self-Understanding, Understanding Others, Communicating, Team Building and Developing Job Satisfication.
What is the Five Basic Human Relations skills?
400
Insurance, Vacations, Retirement plans, onsite childcare and health and fitness programs.
What are typical benefits?
400
A financial statement that shows revenues, expenses, and net income (profit) or loss for a period of time.
What is an Income Statement?
500
Shows the financial performance of a business.
What is a Financial Record?
500
A government agency that provides services and helpful publications to small businesses.
What is the Small Business Administration?
500
Communication method were words are spoken on a person-to-person or person-to-group basis.
What is Oral Communication?
500
The purpose of this conference is to discuss the results of the evaluation and to plan for any needed improvement.
What is an Evaluation Conference?
500
A financial statement that lists a business's assets (owns) and liabilities (owes) to show owner's equity.
Assets = Liabilities + Owner's Equity