The Small Business Quiz

1. According to smallbusiness.co.uk, small business survival rates are as high as 91 per cent after one year of trading, but after five years just four in ten small businesses will still be trading.
2. Investors are usually savvy people, that’s how they got the money to invest in the first place!! They will be happy to invest with you as long as you have a business plan.
3. Aspects of Intellectual Property in your business that you need to know about include; -
Choose all that apply
4. Whatever country or region you are operating in, it will almost certainly have the same local taxation, regulatory and compliance regime as everywhere else in the world.
5. Knowing what your competitors are up to can be the key to keeping your business alive. You should; -
Choose all that apply
6. The advantages of employing staff, as opposed to contractors are; -
Choose all that apply
7. As soon as you are dealing with clients and or have an office, you may need advice, expertise and support from a range of people including; –
Choose all that apply
8. A good strategy to avoid business failure is to keep your overheads tight and protect your cash flow.
9. Realistically a new business is not going to make a profit in the first year, or maybe even the second. So, when writing your business plan and arranging start up finance you need to; -
Choose all that apply
10. If your product isn’t selling because of this issue, then you can fix it.
Choose all that apply

Be sure to click Submit Quiz to see your results!



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