Business Tools

Question 0

What is the definition of a benefit?

Answer 0

Something that makes people happy

Question 1

What is the definition of business?

Answer 1

Solving People Problems - Business is that simple

Question 2

What is the definition of a business Mission Statement?

Answer 2

• Shortest number of words possible

- Describes business objective or goals

Question 3

What is the toughest thing to do in business?

Answer 3

Find & hire good people.

Question 4

What is the second toughest thing to do in business?

Answer 4

Keep good people (revolving door)

Question 5

What are the 5 major things we do in business to succeed?

Answer 5

Make money
Save money
Save time
Make employees happy (find & keep)
Make customers happy (find & keep)

Question 6

What are the 3 dimensions of cost & price?

Answer 6

• Profit Calculation = Price - Cost
• Price is amount paid to own it.
• Cost is calculated over time (cost/yr)
• Pc costs continuing to do, or not do business

Question 7

What are the 3 priorities for your daily work?

Answer 7

Have Fun
Work Hard
Make Money

Question 8

You don’t get what you want; you don’t get what you deserve; You get what you ________?

Answer 8

Negotiate - you never know what price you get until you’ve negotiated. Never assume you do.