Mobile Business Quiz

What is one advantage of starting a mobile business on a small scale?

• Low initial start-up costs

• Slow success

• High overhead costs

• Expensive equipment

What is the typical range of initial start-up costs for a mobile business?

• $20,000-$30,000

• $30,000-$40,000

• $10,000-$20,000

• $5,000-$10,000

What is a common reason why brick-and-mortar businesses fail within the first two years?

• Low-risk propositions

• High initial start-up costs

• Modest overhead costs

• Tightly controlled costs

What is a key factor in the relatively low-risk nature of mobile businesses?

• High utility payments

• Slow success

• Low overhead costs

• Expensive equipment

What is a potential challenge for mobile business owners?

• Low overhead costs

• High initial start-up costs

• Modest utility payments

• Tightly controlled costs

What is a common reason why many entrepreneurs don't take the first step in starting a business?

• Lack of business know-how

• Substantial investment

• Both A and B

• None of the above

What is a typical time frame for mobile businesses to break even?

• 6 months

• 1-2 years

• 3-5 years

• More than 5 years

What is a primary cost for mobile business owners?

• Gas

• Electricity

• Internet

• Water

What has become a cost-effective way for entrepreneurs to start a business?

• Food trucks

• Online stores

• Brick-and-mortar shops

• Pop-up shops

What has allowed aspiring chefs to try out recipes and test the waters before investing in a traditional brick-and-mortar business?

• Social media platforms

• Food trucks

• Online cooking classes

• Food festivals