Business Plan
In this section of the Business Plan, you take a closer look at how your industry works, who are the competitors, and information about your customers.
It is a type of "research"
What is Market Research?
Second richest person in the world who gives away over one million dollars a day
Who is Bill Gates?
Is a section you find on the balance sheet. Anything of value that you own.
What is an asset?
Used by countries who are members of the European Union
What is the Euro?
Protection against claims resulting from injuries and damage to other people or property
What is Liability Insurance?
Examples of types include Liability, Malpractice, Products, Services
What is insurance?
She is worth 3 billion dollars and that is no wrinkle in time.
Who is Oprah Winfrey?
The money you pay yourself from your sole proprietorship business
What is an owner's draw?
Currency used in Mexico
What is the peso?
This type of insurance is particularly important for small businesses that provide a product rather than a service
What is Product Liability Insurance?
This agreement cannot be illegal or unlawful
What is a contract?
Born in South Africa, lived in Canada (his mother is Canadian), and went to school in the U.S., and co-founded a car company
Who is Elon Musk?
This statement shows the profit or loss for a business within a specific period of time. Sometimes called a P&L Statement.
What is an income statement?
Currency used in India
What is the Rupee?
This coverage is designed to help keep businesses going after they suffer a major loss. It can provide financial relief to help cover your bills, payroll and other ongoing expenses until you’re back on your feet
What is Business Interruption Insurance?
The meanings of the letters in the "SWOT" Analysis
What are Strengths, Weaknesses, Opportunities, Threats?
A member of this famous family who was given the title of being the youngest self made billionaire
Who is Kylie Jenner?
Expenses that change every month depending on your business activities.
What are variable costs?
Currency used in England
What is the POUND?
The type of insurance when your business doesn’t sell any products, but rather provides a creative service of some kind - like giving coaching advice.
Also commonly known as errors and omissions insurance
What is Professional Liability Insurance?
"Initial" inventory purchases that are considered major equipment or asset purchases.
What are Initial Capital Expenditures?
This country has the most billionaires- 24 in total
Where is the United Arab Emirates?
Money that is owed to a business by customers for goods and services that the business provided
What are accounts receivable?
Currency used in Japan
What is the YEN?
This new type of insurance is designed to protect you against breaches against digital attacks
What is Cyber Security Insurance?