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14 questions
This describes why your services or products would be in demand
Executive summary
Market potential
Financial projections
Company goals
This is where you list short and long term goals
Executive summary
Market potential
Exit plan
Company goals
This is where you outline your objectives and goals
Company goals
Executive summary
Exit plan
Financial projections
A personal financial statement contains 3 basic elements, they are:
assets, financial documents, net worth
assets, property and credit
liabilities, loans, net worth
assets, liabilities, net worth
This consists of all the money you owe
assets
liabilities
net worth
This is more of a license for operating a business than a form of ownership
Corporation
Sole proprietorship
Franchise
Partnership
This is an advisor on the legal obligations of business ownership
Accountant
Insurance agent
Lawyer
Distributor
Your net-worth is determined by:
Liabilities minus assets
Assets minus liabilities
This is the document that you need for lenders to determine if they will loan you money:
A business plan
A good credit score
Assets
Liabilities
When you open your business, you naeed to have money to operate for how long:
First month
6 months to one year
3 years
When starting a business, which one should you have first:
Rental agreement
Business loan
What are the two types of rent:
Monthly and yearly
Rental and leased
Fixed and variable
Which type of rent is this: Set dollar amount plus a percentage of total monthly income
fixed
Variable
Covers the cost of a lawsuit resulting from damage inflicted on a client during a service;:
Property or premise insurance
Product liability insurance
Malpractice insurance
Worker's compensation
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