Costs Pricing and Profit
What is one downside of hiring employees?
You have to pay them and this adds cost to your compony
What is fundraising and why does it help my business?
What is the most important factor to consider when finding a Business Idea
Does my business solve a problem
What is a Startup Expense?
An expense that you will only likely need to pay once when you are starting your business, a one time payment for an expense (eg. Machinery, furniture)
What is crowdfunding?
A way where many people can chip in a small amount of money online in order to support your buisness
False
What is a Regular Expense?
What is grant funding?
Grant funding is a way that larger companies or banks can give you a sum of money to help support your buisness
What are some ways I can make a lemonade stand unique?
Make the lemonade healthier,
Sell other beverages along with lemonade,
Offer fully Natural lemonade, etc.
What is the difference between Revenue and Profit?
Profit is how much money I make AFTER EXPENSES, whereas revenue is just the total amount of money I make before expenses.
What is the difference between a loan and a grant?
A grant usually does not need to be repaid whereas a loan always has to be repaid
True or false: Is Uniqueness important when finding. business Idea?
How do you calculate annual profit?
What are 2 examples of side projects that could be used in order to fundraise.
Bake Sale, Lemonade Stand, Garage Sale, Yard Sale, etc.
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