L1 Researching Your Business
List 3 out of the 4 personal factors you could consider before selecting a business?
Interests, Abilities, Pleasure, Availability
A symbol or design that represents a service, product, or company is called?
Trademark
What is one of the four types of business structures?
Sole Proprietorship, Partnership, Corporation, Limited Liability Corporation
What is one of the three components you should consider before starting a business?
Startup costs, profit potential, and consumer needs
Who is the person we are following in every lesson that is creating their own Business?
Katie Branch
What is one question you should ask yourself related to your Interests when starting a business?
. What do I like to do?
. What are the talents that I possess and enjoy?
. Do I like working with people?
This gives certain rights to a person who creates an original work?
Copyright
What is one thing you should do before selecting your business name?
Check your states legal guidelines, check if your name is already taken
What percent of new businesses fund their startup costs through Personal and family savings?
44% 55% 66% 77% 88%
77%
What is one of the three business ideas of Katie Branch?
Blogger, website designer, social media consultant
When considering your Abilities before your start a business, what should you ask yourself?
What am I good at?
What is an example of a business and their Trademark?
Any correct example
What is one of the two types of business licenses and permits an entrepreneur should know?
Federal Licenses and Permits, State Licenses and Permits
What is one example of an item that would be part of your startup cost if your starting a Lawn care business?
mower, trimmer, bags, rake, edger, misc office supplies, business cards, etc.
What type of business structure does Katie Branch decide she wants, regardless of the business idea she chooses?
Sole Proprietorship
Why is it important to consider Pleasure, what you enjoy doing, before starting a business?
Answers will vary . . .You will be more engaged and happier if you are doing something you like
True or False: Ethics are moral principles that drive our decisions and behaviors?
True
What is one common business agreement known as a NDA?
Non-Disclosure Agreement
What is one example of an item that would be part of your startup cost if your starting a house painting business?
ladder, brushes, drop cloths, paint, painters tape, misc office supplies, business cards, etc.
Bonus question - double points (200): In what state is Katie Branch wanting to start her business?
New York
What does Availability mean when starting a business?
When can you, and when do you want to work.
In your own words, what is Corporate Citizenship? (also know as Social Responsibility)
Similar to . . . actions of a business when it interacts with the public.
What are regulations that govern the type of use for a property within a community called?
Zoning Laws
What is one example of an item that would be part of your startup cost if your starting a hair salon business?
razor, scissors, broom, salon chair, hair products, misc office supplies, business cards, etc.
What is one item Katie Branch will need to start one of her businesses?
Computer, internet connection, web design software, basic office supplies, etc.