A Business Plan

What is an Entrepreneur?

Name 3 Pull factors and 3 Push Factors

Answer explanation

Pull- Unemployment, No Job Security, No formal training Push- Independence, Personal employment, Recognition

The sections of a Business Plan in order are?

• 1. The Title page 2. The Table of content 3. Executives Summary

• 4. Market analysis 5.Finacial plan 6. Production Plan 7.Organised plan 8. Appendix

• 9. A Benefits page

• 10. A refreshments page

Why do we need a business Plan?

• For Investors

• To show how serious or business is

• To layout why the business exists

• Just for fun

What are the two forms of ownership??

• Sole Trader

• Partnership

• Private Business

• Public Business

What does a progressive Tax rate mean?

• The more you earn the more tax you pay?

• The less you earn the less tax you pay

• You do not pay tax at all

• Tax is not fair

What is the Formation Procedure of a Partnership?

• 1

• 2

• 2-20

• 5

What is a continuity of existence?

• The business still continues long after the owner dies or retires

• The business ends

• The Employees leave

• No answer

What is Liability

• Credit

• Debts

• Money

• Cars

What does Joint Liability mean in a Partnership?

• Nothing

• All partners are jointly and severely liable for all debts in the business

• Nandos

• KFC