Steps to Starting a Business

Open Ended

How could you determine whether a product will be profitable?

Multiple Choice

Which of the following is not part of the business plan?

• Company Description

• History of the product

• Competitive Analysis

• Financial Projections

Open Ended

Why do you think it's important to actually write out the business plan?

Multiple Choice

Which business structure gives the most liability coverage?

• sole proprietorship

• LLC

• Partnership

Open Ended

Why is there so much government regulation with businesses?