Business Planning
What’s a business plan?
A business plan is a document that describes how a business will operate, make money, and grow.
What’s a brand?
A brand is the image, reputation, and experience people associate with a company, product, or person.
What’s a budget?
A budget is a plan that outlines how to manage income and expenses over a period of time.
Who created Microsoft?
Bill Gates
What is budgeting?
Budgeting is making a plan for how to spend your money.
What does “target audience” mean?
The specific group of people a business wants to sell its product or service to.
What’s a slogan?
A slogan is a short, catchy phrase that represents a business's brand.
Why should you save money?
Saving money helps you prepare for future expenses, emergencies, and reach your financial goals.
Who founded Apple?
Steve Jobs
Why should you save money?
Saving money helps you be prepared for the future!
What is a goal in business planning?
A goal is a specific, measurable outcome a business wants to achieve.
What makes a brand trustworthy?
Consistency, reliability, and delivering on promises make a brand trustworthy.
How do you track spending?
You can track spending by using a spending tracker, keeping receipts, or using a budgeting app.
Who created Amazon?
Jeff Bezos
What’s the difference between a "need" and a "want"?
A need is something you must have to live, like food, water, or clothes. A want is something extra, like toys, candy, or video games.
Why is budgeting important for a business?
Budgeting helps a business manage its money.
How can you build your personal brand?
By identifying your strengths, being consistent in your actions, and developing a positive reputation.
What’s an example of an expense?
Expenses are things you pay for, such as food, clothing, or entertainment.
Who created Facebook?
Mark Zuckerberg
How do you make a simple budget?
A simple budget helps you decide how to use your money.
What are the steps to create a business?
1. Choose a business idea. 2. Research the market. 3. Create a business plan. 4. Fund the business. 5. Launch and market your product/service.
What is a brand’s "identity" and how does it help a business?
It helps a business stand out from competitors, create recognition, and build a connection with customers.
What is an example of using money as a tool?
Buying a book to learn new skills or saving money to buy a new computer for school.
Who founded Tesla?
Elon Musk
How can you invest money?
You can invest money in stocks, bonds, real estate, or a small business to potentially earn more money over time.