BITM 215 EXAM QUESTIONS AND ANSWERS LATEST UPDATE A+
GRADED
Ideation
Develop : Strategy
Plan of Action
A business plan
Start--Grow
Idea to Business
Name it
Define your business
Register business ( start up costs, licenses/permits )
Defining Business Idea
What is my product/service?
How will I distribute it?
Location?
Who is my competition?
Developing Business Idea
How much money do I need?
Why will customers buy from me?
When will I open my business?
Business Plan
Serves as an action plan to manage, organize, and sustain your business
Jan Woodcock
Executive Director
Sole Proprietorship
Personally liable for all debts incurred
Not filed with the state
Limited Liability Company (LLC)
Small business / No corporate formalities
Business Corporation / S-Corporation
Large Entities / Shareholders
Limited liability for shareholders
Due date to attend a coaching session
3/29 (PASS/FAIL)
Due date to Create 'idea' in Ideator & Problem/Solution
3/29 (PASS/FAIL)
Deliver & load 60 second 'Elevator Pitch'
4/26 (PASS/FAIL)
Complete and load Business Plan Presentation
4/26 (Graded)
Blackstone LaunchPad : Define the problem
GRADED
Ideation
Develop : Strategy
Plan of Action
A business plan
Start--Grow
Idea to Business
Name it
Define your business
Register business ( start up costs, licenses/permits )
Defining Business Idea
What is my product/service?
How will I distribute it?
Location?
Who is my competition?
Developing Business Idea
How much money do I need?
Why will customers buy from me?
When will I open my business?
Business Plan
Serves as an action plan to manage, organize, and sustain your business
Jan Woodcock
Executive Director
Sole Proprietorship
Personally liable for all debts incurred
Not filed with the state
Limited Liability Company (LLC)
Small business / No corporate formalities
Business Corporation / S-Corporation
Large Entities / Shareholders
Limited liability for shareholders
Due date to attend a coaching session
3/29 (PASS/FAIL)
Due date to Create 'idea' in Ideator & Problem/Solution
3/29 (PASS/FAIL)
Deliver & load 60 second 'Elevator Pitch'
4/26 (PASS/FAIL)
Complete and load Business Plan Presentation
4/26 (Graded)
Blackstone LaunchPad : Define the problem
