The act of over nit-picking each of your employees jobs and eventually doing them yourself. It shows that you don't trust your employees or your hiring skills.
What is micromanaging?
100
The general economic conditions.
What are conditions?
100
Where your item should be sold.
What is distribution (place)?
100
Investments in the business with no promise of repayment.
What is equity?
100
money in > money out
What is net profit?
200
A pond company founded by Greg Wittstock.
What is Aquascape?
200
The money you've put into a business.
What is capital?
200
A free and convenient way to reach out to all of your customers at once.
What is social media?
200
A brokerage firm that will cherry pick your A/Rs and pay you for them.
What is a factor?
200
(cost of goods sold) / (average inventory)
What is the formula for the inventory turnover ratio?
300
A check that bounces or is drawn on a closed account can throw your own payables into turmoil.
What is a bad check?
300
Your ability to repay a loan.
What is capacity?
300
RANDOM BONUS: Our class mailman.
Who is Patrick?
300
Money that you've made and have put back into the business.
What are internal funds (retained earnings)?
300
The most basic form of corporate ownership.
What is common stock?
400
A training program for contractors in the pond business/
What is Pond College?
400
A background of you and your business.
What is character?
400
Something you want your customers to value.
What is a product?
400
Financial firms that specialize in specific industries. They usually invest in 1% of business they research.
What are venture capitalists?
400
A grocery store that has a loan program.
What is Trader Joes?
500
When two companies exchange goods and services between each other.
What is barter?
500
A secondary source of payment to secure the debt/
What is collateral?
500
You shouldn't use this to determine a price, because the lowest price will always been chosen
What is a survey?
500
The background search done on a business before an investment is made.