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Test Start-up cost of your business
Agenda
QUESTION 1: WHAT ARE THE KEY ISSUES IN IDENTIFYING THE COSTS OF A BUSINESS?
Research, figures should be as accurate as possible
Prepare estimates of all costs
QUESTION 2: HOW LONG SHOULD YOU CALCULATE THE START-UP COSTS OF YOUR BUSINESS, IDEALLY?
From 1 to 3 months
6 months
From 6 to 12 months
2 years
QUESTION 3: WHICH OF THESE CAN BE A ONE-TIME EXPENSE?
Your company's registration
Payment of licenses
QUESTION 4: WHAT ARE THE BENEFITS OF CALCULATING START-UP COSTS?
To complete your business plan
To present to investors and lenders
To know the amount of money you have to pay in each month
For all of the above
QUESTION 5: WHAT IS THE BEST SOLUTION FOR MANAGING FINANCES?
Do it yourself in spreadsheets
Hire an accountant
Acquire comprehensive financial software
Whatever is most appropriate depending on the financial situation and complexity of the business
QUESTION 6: WHICH OF THESE IS AN ONGOING EXPENSE?
Payroll
Logo design
QUESTION 7: WHY CALCULATE START-UP COSTS?
To have a global view of current and projected finances
To have an estimate of what I can spend
QUESTION 8: WHAT DOES THE PRICE OF EACH COST DEPEND ON?
Type of business
The fund you count on
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This test is only available to students who have purchased the course
INCORRECT QUESTIONS
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Are there any errors or improvements?
Where is the error?
What is the error?
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