Everfi - Venture - Lesson 3
Planning and Building a Business
Everfi - Venture
Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas?
Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But she still has a lot to think through.
Which of the following would NOT be a good early step?
Sharon realizes that she needs additional research before she approaches potential investors. What kind
of research should she do to effectively evaluate her potential business opportunity?
What are the four parts of a SWOT Analysis?
George and Miguel are considering opening up a shoe store but first need to do market research.
Which one of these is NOT part of the market research process?
George and Miguel want to know more about their local and online competitors and about the retail industry.
What is the best way for them to find all of this information?
Which of these is NOT part of a consumer profile?
Regina is looking to start a knitting business and completes a target market profile to include in her business plan. Identify which item in her target market profile is in the wrong category and where it should be moved
Regina is creating her competitive analysis. She understands why it's important to know her direct competitors, but she's not sure why indirect competitors matter. She asks you if indirect competitors are important to know about.
What should you say?
Which of the following is a fixed expense for Maria's sandwich food truck?
Which of the following is a start-up expense for Maria's food truck?
Pete wants to write a business plan for Pete's PB&J Cupcake Cart. He needs to identify all expenses associated with making a peanut butter and jelly cupcake for a Economics of One Unit.
What is the most accurate way of determining his expenses?
Pete's disappointed with the projections of how much his cupcake cart will make in the first month.
What could he do to try to improve his net profit?
Do you have any?