Dolla Dolla Bill, Y'all
Define Opportunity
A time that is right
Anyone who starts a business is called a what?
An entrepreneur
A local tax on goods and services is...
Sales tax
Name a good place to market your business
Newspaper, social media, tv commercials, etc..
Why is it important to set goals?
So you have something to work towards and measure you success by
What is the necessary cash investment needed to start a business?
Start-up money
A person who buys from a business
A customer
What is federal tax on income called?
Income tax
Why do customers spend money?
Because there is something that they want or need
What motivates a successful entrepeneur?
A strong desire to achieve
The part of the business plan tht describes your system for managing money is called what?
Your financial plan
What is the difference between goods and services?
Goods are something that you can make. Services are things that you offer to do for others.
Laws that protect the rights of youth are called...
Child Labor Laws
Who would be a target customer for a childcare business?
What is a rivalry between similar businesses to get customers
Competition
How do you track daily income and expenses?
A record keeping system
What is an event to celebrate the beginning of a new business?
A grand opening
Where would you go to file your DBA papers to make you official?
The county clerk office in the county where you plan to conduct business
Give 2 different examples of an advertising tool
The type of business where and individual owner makes all the decisions
Sole Proprietorship
When you subtract expense from income it is called what?
Profit
What are the 2 most important time management tools for young entrepreneurs?
A to-do list and a calendar
What does DBA stand for?
Doing Business As
What is a word or phrase used to draw favorable attention?
A slogan
Without cheating, spell the "E" word
Entrepreneur