After coming up with a strong idea, all of the following are steps you can take to get your business started EXCEPT…
10.2 - How to Start a Business

Quiz
•
Life Skills
•
9th - 12th Grade
•
Medium
Mr. Gonzales
Used 4+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Talk it out with trusted allies
Research the market
Market your business on social media
Draft a business plan
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If a friend asked you what they should have in their business plan, what important element would you advise them to include?
An updated resume
An updated resume
Their marketing strategy
Their credit score
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is a prototype?
A prototype is an original model on which something is based or formed.
A prototype is a person with the ability to influence potential buyers of a product.
A prototype is a newly established business.
A prototype is the exclusive legal right to use a specific product or material.
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is most important in a business plan?
Financial Plan
Executive Summary
Market & Sales Strategy
Business Details
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the purpose of a business plan?
States the purpose and vision of your company
To document your financial activity during one year
Legal document to be filed with the SEC
To market your new company
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Business plans are needed for all reasons except....
To raise capital
Gives an objective look at what you are doing and why
Gets everyone involved to focus on the same goals
It is required by law
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What information should NOT be included in a business plan?
Your financing needs
Your marketing plan
Your basic business concept
Your assets and liabilities
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