Business Planning w
What is the first formal document you usually write when starting a business?
What is a business plan?
What is a marketing strategy?
What is A plan for reaching and attracting customers.
What is the definition of an entrepreneur?
What is A person who starts and runs a business, taking on financial risks to do so.
What trait helps entrepreneurs recover from failure?
What is Resilience
What is revenue?
What is The total income a business earns from sales.
What is market research?
What does ”4 Ps” stand for in marketing?
What is Product, Price, Place, Promotion.
What is the main goal of a business?
What is to make a profit by providing goods or services.
Why is creativity important for entrepreneurs?
What is It helps them solve problems and come up with new ideas.
What is a business budget?
What is a plan for managing income and expenses.
What is a SWOT analysis used for in business planning.
What is brand identity?
What is The image and personality of a business seen by customers.
does LLC stand for in business？
What is Limited Liability Company.
What does it mean to be a risk-taker?
What is the Willing to take chances with no guaranteed outcome.
What is a break-even point?
What is When a business’s income equals its costs.
What section of a business plan outlines how will you generate revenue?
What is the business model or revenue model?
What is a SWOT analysis used for?
What is to identify a business’s Strengths, Weaknesses, Opportunities, and Threats.
What is a target market?
What is a specific group of people a business aims to serve.
Name one good leadership quality.
What is communication, decision-making, or motivation
What is the difference between a loan and an investor?
What is a loan must be repaid with interest; an investor provides money in exchange for ownership or profit share.
What metric helps determine whether a business ideal is viable or scalable?
What is product-market fit?
What is a sales funnel?
What is the process of turning leads into paying customers.
What is the difference between a product and a service?
What is a product is a physical item; a service is an action or task done for a customer.
What trait helps entrepreneurs stay focused on goals?
What is Determination or self-discipline.
What is venture capital?
What is Money invested in a startup by investors hoping for a return.