Business notes: ESB V2 Training 1 with 100% correct answers

ich two docs. summarize the business plan of a company? lean and pitch canvas Two disadvantages of entrepreneurship? Not having a promised pay check and not having enough to pay employees Two benefits of entrepreneurship? working with like minded people, and setting your own work hours network marketer make their money through_____ commissions you own a lawn care business. your employees work long hours laboring, often exceed 40 hours per week, work short hours on days with bad weather, and sometimes cant work at all. which two types of compensation would be appropriate. hourly and salary what is character of a business opportunity? seller is required to help the buyer find an ideal location for the buyer three disadvantages of selling physical products Needing storage space, Needing employees to track the supply, and Shipping and packaging costs you need to create a structure for your small business. you want the benefits to be enjoyed by large cops. but don't want to be taxed twice. you have four partners who will be shareholders. none of you plan on selling ownership shares, but you want to be protected from business liabilities. What legal structure should you set up? s corp. disadvantage of s corp? There are very strict qualification requirements for becoming an S corporation jane is an investor in a full detail car wash that opened several years ago. she's very happy with the management of the company after helping to selecting a new CEO. what is janes role. stockholder difference in small business owners and entrepreneurs Small business owners are not always interested in taking on new business opportunities characteristic of a successful entrepreneur mindset doesn't give up easily A non-profit has a______ status tax exempt What is entrepreneurship? Setting up a business with the aim to make a profit three characteristics of a successful entrepreneur mindset Tenacious, Adaptable, and Responsible three characters that help identify a business opportunity? price, quality, service three elements that are required to have a trade secret Information has economic value not generally known, Others cannot legitimately obtain the information, and Subject to reasonable efforts to maintain its secrecy what two characteristics define a small business fewer the 1500 employees less than 35.5 million dollars in revenue what is a multi page doc. describing and detailing a business business plan single page business summary template lean canvas