Business Basics
This is a person who starts and runs their own business.
What is an entrepreneur?
These are the things you do to get people interested in your business. This can include contests, giveaways, and coupons.
What is a Promotion?
This is the money your business earns before subtracting expenses.
What is revenue?
This sales step means learning about your customer to build trust.
What is relationship building?
These are the physical attributes and positive impacts of your products or services.
What are features and benefits?
This kind of plan outlines your goals, target customers, and how your business will succeed.
What is a business plan
This is the term that refers to choosing the best group of people to sell to.
What is your ideal/target customer or target market?
This is what you have left after expenses are taken out of your revenue.
What is profit?
These are the two types of sales strategies meant to boost your revenue.
What are cross-selling and upselling?
What is advertising is paid/planned, this is about excitement and engagement.
What are Promotions
These are the 4 main types of business ownership.
What are sole proprietorship, partnership, cooperative, and corporation?
These are the 4 Ps of marketing.
What are product, price, place, and promotions?
These are two types of costs/expenses you’ll deal with in your business. Hint: one will change depending on how much you sell.
What are fixed and variable costs/expenses?
This technique focuses on how your product helps solve a problem.
What is solution selling?
This brand's slogan is "Eat Fresh."
What is Subway?
The term for a short, clear summary of what your business offers.
What is an elevator pitch?
This term describes how your business gets attention and attracts interest.
What is marketing?
This is when more money is coming in than going out of your business.
What is positive cash flow?
“That’s too expensive” is an example of what in sales?
What is an objection?
This is meaning of the abbreviation “CEO."
What is Chief Executive Officer?
This goal-setting method uses the words Specific, Measurable, Achievable, Relevant, and Time-bound.
What is SMART goal setting?
Personality, purpose, and promise make up this important component of your business.
What is a brand?
This tool helps you plan how much money you’ll earn and spend.
What is a budget?
These are 2 ways that you can keep your business and your customers' information safe.
What is two-factor authentication (2FA), strong passwords, being aware of scams...
This is the name of our guest speaker who started a business as a teen.
Who is Clarke Galle?