ownership
structures
structures
How many people are in a sole proprietorship?
One person
A business can take years to make a profit. True or False
What are the top 3 struggle of running a business?
Lack of time
Trouble finding good employees
Managing money
A good business plan guides you through each stage of ______ and ______ your business.
Starting and managing
What element does the chemical symbol Au stand for?
Gold
what is something a partnership does NOT have?
What are 2 startup costs you need to think about?
Physical supplies and cost of office space or (Any professional services, Price of licenses or permits)
True or False: Marketing and advertising are important for a business.
True
Business plans can help you get more____?
Funds and make more business partners
What is the highest-grossing Broadway show of all time?
The lion king
what does a general partner control in a limited partnership?
Controls the limited partnership’s day-to-day operations
Before you fund your business, you need to think about…?
startup costs
True or False: When new technology is introduced, it is NOT expensive to implement
false
What is a business plan?
The tool you use to convince people to work with you or to invest in your business.
How many bones do sharks have?
zero
A nonprofit corporation is formed to carry out what 3 specific purposes?
Charitable, educational,and religious *literary or scientific purpose*
Having a good business partner can help…?
Organize finances
What are somethings you can do to make sure that your business can take challenging situations?
You have to familiarize yourself with some typical problems small businesses face.
What is the point of a business plan?
To identify, describe and analyze a business opportunity
How many colors will you find in a regular bag of M&Ms?
six colors
An LLC lets you…?
Take advantage of both the benefits from the corporation and partnership business structures.
What is finance?
The management of large amounts of money.
What should you do if you have a hard time managing
Plan head or Have a schedule
3 things a business plan teaches.
How to structure, how to grow, and how to run a/your business.
Which U.S. president is featured on the $2 bill?
Thomas Jefferson