Entrepreneur
Opportunities
Starting a Business
Business Structure
Operations
100

What is an Entrepreneur and give me an example of one?

What is an individual who creates a business and keeps the profits? 
100

Tell what makes up a SWOT Analysis

What is Strengths, Weaknesses, Opportunity and Threats?

100
Small Business is considered what...
What is less than 1,500 employees and $38.5MM annually?
100

This structure is the easiest and quickest to start to no filing at all?

What is Sole Proprietorship?

100

What are 2 startup costs?

What is Supplies/Equipment and Legal Compliance?

200

2 Negatives of being an Entrepreneur?

What is Risk, Workload, Limitations, Responsibility?

200

Some ways to identify a business opportunity you can use to grow you business?

What is listen to your customer, research your competition, listen to your clients or study your industry or market?
200

Document you need to show in order to get a bank loan or investors money to invest into your business...

What is a Business Plan?
200

More than 80% of all companies use this form of business structure?

What is LLC or Limited Liability Corporation?

200

What is BOTH a startup cost and operational cost?

 What is Marketing?

300

At least 3 Traits of an Entrepreneur?

What is Empathy, Risk Taker, Courage, A leader, Optimistic, Visionary, Confident, Practical?

300

Internal Factors of SWOT

What is Money, Equipment, Employees, etc?

300

Type of plan a company uses that is short, 1 page and very little details...

What is a lean startup?

300

This business structure has less than 100 shareholders, needs to be domestic(US only) and one class of stock?

What is S-Corporation

300

3 Types of Operating Costs?

What is Fixed, Variable and Semi-Variable Costs?

400

Pros of being an Entrepreneur?

What is Flexibility, Freedom, Control and Profits?

400

Give me 2 Opportunities/Threats of a SWOT Analysis

What is Price, Selection, Quality, Location, Service and Environmental?

400

How many years does a company project forward when writing a business plan for a bank or investors...

What is 3 years?

400

Very strict, time consuming, file a 501(c)?

What is a Non-Profit?

400

Intellectual Property is made up of what forms?

What is Trademarks, Patents, Trade Secrets and Copyrights?

500

Step by Step guide that businesses use for handling routine tasks at work.

What is a Standard Operating Procedure or SOP?
500

In Mr. Jackson THEORY - this should be the main reason why you start a business besides making a profit?

What is making a product that a customer NEEDS/WANTS NOT sell a product that the entrepreneur likes and wants to sell. 
500

5 Stages of the Business Cycle

What is Launch, Growth, Shake Out, Maturity and Decline?


500

Give me at least 4 Exit Strategies?

What is Liquidation, IPO, Succession, Business Sale?

500

What are 4 daily costs you use when operating a business?

What is Equipment Repair, Rent, Utilities and Salaries?