When doing your pre$-$startup assessment, you would look at $\_\_\_\_\_\_\_\_$ costs, soft costs, and monthly operating expenses.

$*$

$1$ point

startup

If you can't handle $\_\_\_\_\_\_\_\_\_\_\_,$ you shouldn't be an entrepreneur.

$*$

$1$ point

risk

The founders of the company appear on its incorporation application; employees do not.

$*$

$1$ point

True

False

A franchise is best suited to an entrepreneur with ideas about how to improve the franchise system.

$*$

$1$ point

True

False

Sole proprietors and general partners in a partnership have $\_\_\_\_\_\_\_\_\_\_\_$ liability.

$*$

$1$ point

Buying an existing business means that your offer to purchase it must take into account the value of the $\_\_\_\_\_\_\_\_\_$ on the balance sheet, amongst other factors.

$*$

$1$ point

$[$Checkbox: $1-4$ options to select$]$: Which of these are common characteristics of an entrepreneurial personality?

$*$

$1$ point

Action$-$orientation

Ignores feedback

Goal$-$focused

Perseverance

$[$Checkbox: $1-4$ options to select$[$: If you were asked to invest in a new startup, which of these characteristics in the founder would worry you?

$*$

$1$ point

Team$-$orientation

High belief in future success

Averagre intelligence

Poor health

The business plan you build contains $\_\_\_\_\_\_\_\_\_\_\_(2$ words$)$ financial statements.

$*$

$1$ point

Which of these types of startup situation is the one most liked by a bank loan manager?

$*$

$1$ point

Starting a "new business$-$new idea" company

Buying an existing business

Buying into a franchising system

Starting a "new business$-$old idea" company

$[$Checkbox: from $1$ to $4$ options required$].$ Which of these are essential skills or traits for the budding entrepreneur to have?

$*$

$1$ point

Decisiveness

Team$-$building

Management experience

Financial analysis

The business is starting to succeed when you:

$*$

$1$ point

Pass the breakeven point

Make your first revenue

Raise your second investment round

Create free cash flow

Which of these is a legally$-$compliant name for a federal corporation?

$*$

$1$ point

Royal Structured Dreaming Corpration

Canadian Structured Dreaming, Inc.

Toronto Structured Dreaming

Structured Dreaming Company

Joining a franchise system gives you support and a proven concept; creating your own business allows you to break norms and do it your way.

$*$

$1$ point

True

False

When seeking investment for a new idea, new company startup, investors will focus on:

$*$

$1$ point

TAM $-$ Total Addressable Market

USP $-$ Unique Selling Proposition

LPC $-$ Level of Potential Competition

QST $-$ Quality of Startup Team