Business Basics
The first thing you need before registering your business?
What is a business name?
This type of business sells physical goods.
What is a product based business?
A value proposition should explain the __ you solve.
The free social platform most product-based brands use to show visuals?
What is instagram or TikTok?
A common document used to outline goals, funding, and plans.
What is a business plan?
This type of business provides skills or expertise instead of a product.
What is a service based business?
“We help new moms get better sleep using herbal teas” is an example of this.
What is a value proposition?
The “4 Ps” in marketing stand for this.
Product, Price, Place, Promotion
The letters LLC stand for this.
What is, Limited Liability Corporation?
The most common business structure for freelancers and solo entrepreneurs?
What is a sole proprietorship.
A great value proposition focuses on this, not just features.
What are benefits?
The term for a person most likely to buy your product or service?
What is a customer (ideal or loyal)?
The term for the total cost it takes to start a business?
What is start-up costs?
A group of two or more people working together with shared responsibilities.
What is a partnership?
This is what makes your offer different from competitors.
This platform can be used to design marketing materials for free?
What is Canva?
The legal protection offered to shareholders and business owners from personal liability for the debts and obligations of their corporation or LLC.
What is a corporate veil.
This legal entity protects owners from personal liability and can have shareholders.
What is a Corporation?
A value proposition should be clear, __, and customer-focused.
What is concise?
CTA stands for what in marketing?
What is, "Call to Action?"