Business Basics
A short spiel (30 seconds - 1 minute) about a startup
What is an elevator pitch?
Revenue - Expenses
What is profit?
The richest man on Earth.
Who is Elon Musk?
This type of marketing relies on social media personalities (i.e. Kardashians) to promote a product.
What is Influencer Marketing?
This company owns Instagram, WhatsApp, and Oculus.
What is Meta?
MVP is an acronym that stands for ___
What is a Minimum Viable Product?
Cost of running a business
What are operating costs?
This investor is known as "Mr. Wonderful"
Who is Kevin O' Leary?
Program where customers get rewards for inviting their friends to try a product.
What is a Referral Program?
This has been the largest company in the world by revenue, for 12 years.
What is Walmart?
A document with a startup's objectives, target market, revenue model, and growth strategy.
What is a Business Plan?
Assets - Liabilities
What is Net Worth?
This American businesswoman became the 1st self made female billionaire in the U.S. She's famous for her recipes and colorful crockery.
Who is Martha Stewart?
A 30 sec Superbowl Ad in 2025 costs ___________. (A) $850K (B) $13 Million (C) $7 Million (D) $1 Million
What is $7 Million? (C)
This fintech company helped revolutionize online stock trading by offering commission-free trades.
What is Robinhood?
A business owned by one person is called this.
What is a sole proprietorship?
A verb used to describe when a company operates without relying on external funding.
What is bootstrapping?
The founder of Nike, who started by selling shoes out of his car.
Who is Phil Knight?
What is SEO (Search Engine Optimization)?
This candy company owns brands like Snickers, M&Ms, and Twix. The owners are the 2nd wealthiest family in the US.
What is Mars?
A startup with a valuation of $1 Billion or more
This financial document shows company’s assets, liabilities, and shareholders’ equity at a given point in time.
What is a Balance Sheet?
He co-founded PayPal, invested in Facebook early, and is known for his book “Zero to One.”
Who is Peter Thiel?
What is guerilla marketing?
The company with the most profit in the world. (Hint: Think Energy)
What is Saudi Aramco?