Q. The successful launch of your startup business will all depend on your ___________?

• business idea
• budget
• business approvals
• business license

Q. The successful launch of your startup business will all depend on your ___________?

• business idea
• budget
• business approvals
• business license

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Q. What must you do to know the needs of your target market?

• market interview
• market research
• paid ads
• neighborhood visit

Q. What must you do to know the needs of your target market?

• market interview
• market research
• paid ads
• neighborhood visit

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Q. What is a forecast?

• An estimate to see how much you would need to start and run your business
• A business plan
• A plan to know where to come up with business loans
• The uniqueness of your business

Q. What is a forecast?

• An estimate to see how much you would need to start and run your business
• A business plan
• A plan to know where to come up with business loans
• The uniqueness of your business

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Q. What is the use of a balance sheet?

• showing you the financial state of your business at a given time
• depicts whether or not you’ve turned a profit at a given time
• giving you a break down of your cash position at a given time
• your financial statements

Q. What is the use of a balance sheet?

• showing you the financial state of your business at a given time
• depicts whether or not you’ve turned a profit at a given time
• giving you a break down of your cash position at a given time
• your financial statements

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Q. What does Profit and Loss do?

• forecasting your expenses
• showing you the financial state of your business at a given time
• giving you a break down of your cash position at a given time
• depicts whether or not you’ve turned a profit at a given time

Q. What does Profit and Loss do?

• forecasting your expenses
• showing you the financial state of your business at a given time
• giving you a break down of your cash position at a given time
• depicts whether or not you’ve turned a profit at a given time

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Q. What does a cash flow statement do?

• depicts whether or not you’ve turned a profit at a given time
• giving you the break down of your cash position at a given time
• showing you the financial state of your business at a given time
• giving you great insights into how much money you have to play with

Q. What does a cash flow statement do?

• depicts whether or not you’ve turned a profit at a given time
• giving you the break down of your cash position at a given time
• showing you the financial state of your business at a given time
• giving you great insights into how much money you have to play with

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Q. What is a Seed Funding?

• Funding from wealthy individuals who provide capital in return for equity or convertible debt.
• Funding which are based on a fixed fee, not interest rates.
• Often coming from friends or family, this funding is designed to carry your business through just a couple of months to the next stage of development.
• Funding from individuals or organisations to invest in start-ups in return for equity.

Q. What is a Seed Funding?

• Funding from wealthy individuals who provide capital in return for equity or convertible debt.
• Funding which are based on a fixed fee, not interest rates.
• Often coming from friends or family, this funding is designed to carry your business through just a couple of months to the next stage of development.
• Funding from individuals or organisations to invest in start-ups in return for equity.

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Q. What does P2P Lending stand for?

• Peer to Peer Lending
• People to People Lending
• People to Peer Lending
• Process to Peer Lending

Q. What does P2P Lending stand for?

• Peer to Peer Lending
• People to People Lending
• People to Peer Lending
• Process to Peer Lending

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Q. Who are an Angel Investor?

• A representative of bank for loan applicants.
• A wealthy individual who provides capital in return for equity or convertible debt.
• A loan shark.
• A family member willing to invest.

Q. Who are an Angel Investor?

• A representative of bank for loan applicants.
• A wealthy individual who provides capital in return for equity or convertible debt.
• A loan shark.
• A family member willing to invest.

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Q. What are liquid assets?

• Assets held that can be readily converted into cash
• An asset in liquid form
• An asset from an angel investor
• An asset which was purchased from a bank

Q. What are liquid assets?

• Assets held that can be readily converted into cash
• An asset in liquid form
• An asset from an angel investor
• An asset which was purchased from a bank

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Q. What is crowdfunding?

• Banks which are willing to invest
• A crowd full of funds
• Asking individuals or organisations to invest in start-ups in return for equity.
• A crowd willing to assist you on your loan

Q. What is crowdfunding?

• Banks which are willing to invest
• A crowd full of funds
• Asking individuals or organisations to invest in start-ups in return for equity.
• A crowd willing to assist you on your loan

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