What is the first step to turning an idea into a business?
Turning Ideas Into a Business Quiz

Quiz
•
Business
•
8th Grade
•
Easy
Julie Talbert
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gain knowledge in your field
Identify problem and solve it
Ensure financial stability
Have passion and apply it to your business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a SWOT analysis in business?
To make an action plan
To ensure financial stability
To set goals in writing
To identify strengths, weaknesses, opportunities, and threats related to business competition or project planning
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key part of knowing your needs for your business startup?
Setting goals in writing
Participating in classes and research
Passion and drive
Financial plan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason why businesses fail in their first five years?
Inadequate financial stability
Lack of passion
Lack of knowledge in the field
Poor planning
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do to ensure you are always learning in your field?
Ignore your problems and wish they will go away
Make an action plan
Ensure financial stability
Take classes, research, read, explore, and learn from others
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of setting goals in writing?
To gain knowledge in your field
To ensure financial stability
To identify strengths, weaknesses, opportunities, and threats
To make the goal real and tangible
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning?
Ensure financial stability
SWOT analysis
Make an action plan
Set goals in writing
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