Business Starting
Which Namibian INSTITUTION registers businesses and companies?
Business and Intellectual Property Authority? (BIPA)
What CURRENCY is used by businesses and consumers in Namibia?
Namibian Dollar (NAD)
South African Rand (ZAR)
This SOCIAL MEDIA platform is widely used by Namibian SMEs to advertise products and services:
(Facebook, Instagram)
A person who starts and manages a business is called this:
entrepreneur, MSME, SME
This SECTOR is one of Namibia’s biggest contributors to the economy and supports many SMEs:
mining
Which DOCUMENT explains what a business sells, its goals and how it will make money?
business plan
When a business EARNS more money than it spends, it makes this?
profit
A logo, slogan and business identity together form this important business element:
brand
This entrepreneurial skill helps business owners CONTINUE despite challenges and setbacks:
resilience, toughness, flexibility, adaptability, perseverance, etc.
Entrepreneurs in coastal towns like Swakopmund often benefit from this major INDUSTRY:
tourism
Entrepreneurs usually do this before starting a business to understand customers and competitors:
market research
Entrepreneurs often need this from banks or investors to start or grow a business:
capital, funding, money
Keeping purchasers HAPPY through good communication and support is called this:
(good) customer service
Entrepreneurs (and people!) need this SKILL to avoid spending more money than they earn:
budgeting
This is a business that sells products or services ACROSS BORDERS:
export business
Which type of business OWNERSHIP is the simplest and owned by one person?
sole proprietorship
This term refers to money BORROWED from a bank or lender that must be repaid with interest:
loan (credit, lease, advance, etc.)
Happy customers often provide this free form of promotion to businesses:
word-of-mouth marketing
This SKILL helps entrepreneurs decide how to spend minutes, hours, days, etc. and meet deadlines:
time management
Namibia celebrates this international entrepreneurship-focused WEEK promoting FINANCIAL LITERACY among youth:
Global Money Week -- 15-21 March 2027
Entrepreneurs use this to identify strengths, weaknesses, opportunities and threats:
SWOT Analysis
This financial DOCUMENT tracks money coming into and going out of a business:
cash flow statement
Selling products at markets, expos and festivals is an example of this type of marketing:
direct marketing
Entrepreneurs are often described as people who take this in order to start businesses:
risk(s)
This ENTITY helps Namibia attract international trade and logistics businesses on the west coast of Africa:
Namibian Ports Authority (Namport)
Port of Walvis Bay