Training Business Notes. (ESB TEST B) 2024

Mike owns a doggy day care. The business is economically healthy and wants to grow the business money wise. What business life cycle stage is he in. - Take off. What is the difference between small businesses and entrepreneurship? - Small business owner aren't always interested in taking on new business opportunities. What is the greatest risk to being an entrepreneur? - Financial instability. Trademark - Protects brand names and logos used on goods and services. Copyright - Protects original work, such as art, writing, or music. Trade Secrets - Confidential info which may be sold or licensed. Ronda owns a food truck where she is know for her hot sauce. Which property law best protects her recipe from being stolen or replicated. - Trade secrets. Discuss what customer problem the product or services solve. - Problem Brief overview of a business that talks about the company's mission and the value provided to its customers. - Vision and value proposition Highlights key teams members' skills, expertise, and experience and how the qualities work together to contribute to the management and growth of the company. - Teams Talk about the traction that a company has gained, such as crowdfunding. - Milestones Discuss how a business works, how it makes money, and talks about some of the marketing strategies. - Business model. Discuss what the competitions is doing and how a company could improve upon what the competition is doing w/out being disrespectful toward the competing companies. - Competition Specify how the investors' money will be used and why the funds are necessary to grow the company while using data to back up the stated information. - Ask Kelley bought a rug at her local home decor store. What type o transaction is this? - Business-to-consumer(B2C) An executive summary should briefly explain in a business plan in____ pages. - Two