Business 101
A government agency that helps small business owners develop business plans and obtain financing and other support for their companies
What is small business administration (SBA)
"The Town that Friendship Built"
What is the Town of Hamburg Tagline/Motto
Vision, marketing objectives, sales forecast, target markets, and marketing are all included in this.
What a marketing plan?
A process by which organizations form and implement strategic plans and tactics in-line with the external and internal environments and challenges faced by the firm.
What is Strategic Planning?
A local association to promote and protect the interests of the business community in a particular place.
The financing needed to open a business
What is start up financing
March 20th 1812
What is The day the Town Of Hamburg was established
The 4Ps of marketing consist of Product, Place, Promotion and ?
What is Price
Strengths, weaknesses, opportunities, threats
What is a SWOT analysis?
"The voice for success of the local business community, gathering the support of many to speak as one."
What is the Southtowns Regional Chamber of Commerce Mission Statement
The process of starting, organizing, managing and assuming the responsibility for a business
What is entrepreneurship
This village is only one square mile
What is The Village of Blasdell
Brand recognition, brand preference and brand insistence are measures of
Brand loyalty
Involves collecting, summarizing and analyzing information about the state of the market, customers, the threats and opportunities that the market presents, and any advantages or disadvantages that the business is likely to have over its competitors.
What is Market analysis
Hamburg, Blasdell, Lake View, Boston, Evans/Angola, Lackawanna
True or False. A business plan does not have to be written because the business owner is well aware of the information in the plan
What is False. A business plan should be written
A new incubator program intended to increase the density of entrepreneurial activity in the Village of Hamburg by attracting and supporting new small businesses that complement the community.
What is PITCH Hamburg
This is what USP stands for.
What is unique selling point?
The process by which an organization identifies performance gaps and sets goals for performance improvement, by comparing its data, performance levels and/or processes against those of other organizations.
What is Benchmarking.
Ribbon Cutting Ceremonies, Health Insurance, Marketing Opportunities & Networking Opportunities are examples of this.
What are member benefits
On average, small businesses are responsible for creating ____ to _____ % of all new jobs
What is 60-80%
True or False: The total square mileage of Hamburg is 42.84 sq miles
What is False. The correct answer is 41.35 sq miles
Standing out in a crowd by offering unique products and marketing practices.
What is the Purple Cow concept?
The quantity of products a business plans to sell during a future time period.
What is a sales forecast?
This chamber event is being held on April 7th, 2022
What is Springmas Bash