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Steps & Aspects for Starting a New Business

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the first step in starting a business?

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1. Why is it important to create a business plan?

2. What is the purpose of creating a team?

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About This Quiz & Worksheet

Use this quiz/worksheet combo to help you test your understanding of how to start a new business. Some of the information you'll be assessed on includes the importance of creating a business plan as well as the purpose for creating a team.

Quiz & Worksheet Goals

In these assessments you'll be tested on:

  • First step in starting a business
  • The purpose of a business plan
  • The function of a knowledgeable team
  • Marketing materials you may want to have before starting a business
  • Meaning of 'jump in'

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on starting a new business
  • Interpreting information - verify that you can read information regarding business plans and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the steps in starting a business and the meaning of the term 'jump in'
  • Knowledge application - use your knowledge to answer questions about the purpose for creating a team and the marketing materials you may want to have before starting a business

Additional Learning

To learn more about business, review the accompanying lesson called Steps & Aspects for Starting a New Business. This lesson covers the following objectives:

  • Relate the importance of doing your homework when starting a new business
  • Identify factors of a good idea
  • Explain considerations when making a business plan
  • Explain three details to consider after testing your idea, creating a business plan, and organizing a team
  • Read through an example of starting a new business
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