Your Business Concept
A person who is will to start a business and embrace change is called this.
What is an entrepreneur?
Finding out about your competitor's services, products, hours, and website are all part of doing this.
What is market research?
When writing your Business Plan, you should write this type of summary last.
What is an Executive Summary?
This financial statement shows the assets, liabilities, and the owner's equity each month.
What is a Balance Sheet?
It is the channels a business owner takes to grab the customer's attention and bring them to make a purchase.
What is Marketing?
The name of your business
What is __________ (answers will vary)
What is a mission statement?
This analysis determines your planned business's Strengths, Weaknesses, Opportunities, and Threats.
What is a SWOT analysis?
This is the fee paid to a lender for a loan or all transactions for which monies are received.
What is Revenue?
Phone calls, text messages, billboards, websites, catalogues, and promotional offers are all examples of this type of marketing.
What is Direct Marketing?
It is a short statements that explain one big idea/ideas. It is a statement used to convey a business’ purpose and focus to the audience. It is a short description of products, services or designs communicated to customers. Most importantly, it is a description used to explain how a new product or service will solve a particular problem in the market.
What is a Business Concept Statement?
This 'n' word describes your product or service that is unique from your competitors
What is a niche market?
This person is usually employed by a small to mid-size company (or other organization) to process and record the large volume of transactions involving sales, purchases, payroll, collection of accounts receivable, payment of bills, and more.
What is a bookkeeper?
This type of record is used to keep track of money that is owed to a business.
What is Accounts Receivable?
Search engine optimization, company webpages and blogs, and using social media are examples of this type of marketing.
What is Incoming Marketing?
The acronym for SMART goals stands for these words.
What are Specific, Measurable, Actionable, Relavant, and Time Bound?
This proposition is a promise of value to be delivered, communicated, and acknowledged. It is also a belief from the customer about how value will be delivered, experienced and acquired. It can apply to an entire organization, or parts thereof, or customer accounts, or products or services.
What is a value proposition?
This statement is a forecast that is a projection of how much money you will bring in by selling products or services and how much profit you will make from these sales.
What is a Profit & Loss (P&L) Statement?
The list of employees the owner must pay along with the amount owed.
What is payroll?
PR stunts, oversized displays, prize giveaways, and interactive advertising are all examples of this type of marketing.
What is Guerrilla Marketing?
What is a Business Concept Statement?
Paying for a building, furniture, and utilities are these type of costs.
What are Start-Up Costs?
Items that you might sell are called p_____
What are products?
This type of budget estimates what expenses the organization will have for a time.
What is an Expenditure budget?
Products typically run through stages of introduction, growth, maturity, and decline which is known as this type of cycle.
What is a Life Cycle?