The written document that outlines your business goals and how you plan to achieve them, providing focus, accountability, and direction for entrepreneurs.
What is a business plan?
This is the name of Jack's food truck.
What is Tiger Meat?
Before hiring someone you will need to calculate this
What is how much I will be able to pay them
Using this technology will allow you to access your files anywhere
What is cloud technology
The degree to which an entrepreneur is comfortable with uncertainty and potential losses in pursuit of business opportunities.
Insurance that protects you in the event you harm someone or damage any of their stuff
What is Liability Insurance?
Dave Ramsey suggests you grow at "blank"
What is the speed of cash?
Starting small in your business means you may not be able to do this
What is hire more people right away?
This is being used to make tedious tasks in business obsolete
What is AI
This is the internal focus when it comes to a SWOT analysis
What is the strengths and weaknesses
The section of the business plan that describes how you will promote your business
Marketing Strategy
This is the strategy that Jack emphasizes when starting a business with limited resources.
What is start small?
This is a good trial period for new hires to see if they are a good fit
What is 90 days?
What is the term used when something is extremely secure when it comes to documents and records
What is military-grade encryption
This is what it's called when entrepreneurs give back to others
What is philanthropy
This is the Acronym used on Ramsey for goal setting
What is SMAYW (Specific, measurable, attainable, yours, written)
This is the question every entrepreneur should ask themselves before making their company bigger
What is "why do I want to expand"
When hiring someone we should consider these 5 things (list 2)
What is
This is an example of an accounting software you can use in your business
What is
Quickbooks
Xero
In Entrepreneurship the term "bootstrapping" refers to this
What is funding the venture without external help
Business plans for large companies are usually this many pages.
What is 20-30?
Future expansion goals include but are not limited to (3/5)
What is
According to forbes many entrepreneurs are guilty of this
What is hiring extra help too early
In the context of entrepreneurship and technology, the term "disruptive innovation" refer to this
What is introducing something that completely reshapes the market
The definition on an intrapreneur
What is an employee who tries to innovate the company they work at