Top Small Business Quizzes & Trivia

Everyone is trying to cut out the middleman. With today’s fast moving and fast developing economy it is becoming more and more difficult for small businesses to thrive. Where in the past they extremely popular in small communities, they are now being driven to near extinction by chain stores.

But you can still save your small business if you have the right knowledge. Will you be able to make all the right arrangements and stay on the market? What is the upper limit of employees in the EU in order to be considered a small business? What is the most frequent cause of bankruptcy among small businesses? In the US, what was percentage of the total number of employer firms had less than 500 employees? Increase your market share and develop your small business to be the winner.

Small Business Questions and Answers

SOI stands for Sphere of Influence. Which is the best definition of "Sphere of Influence" from a business-generating perspective?

Your past clients and current prospects

Your friends and family

Everyone you know

Everyone who knows you

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How Much Do You Know about SOI?

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Your Sphere of Influence could potentially include the following:

Your renters

Your husband or wife's family

The receptionist at your real estate office

Your ex-wife

All of the above

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Your friends will enjoy being asked for their business and referrals on a regular basis.

True

False

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How Much Do You Know about SOI?

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How much service revenue does your average small business IT client generate each year (annually)?

<$5,000 (or the local currency equivalent)

$5,000-$11,999 (or the local currency equivalent)

>$12,000 (or the local currency equivalent)

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Do you have a written IT marketing plan or IT marketing calendar?

Yes

No

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How many different ways do you have to get new customers besides word-of-mouth?

0

1-3

4+

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What percentage of your company's annual revenue is service revenue from clients on IT service contracts?

0% (I'm still partying like it's 1999.)

1%-49%

>50% of my company's annual revenue is recurring service revenue from clients on IT service contracts

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How many IT service contract clients does your firm have that you see at least once a month?

0

1-9

10+

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How much of your monthly revenue comes from your three biggest clients?

0%

1%-49%

>50%

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Small businesses employ just over half of all private-sector workers, according to the Small Business Administration, and they generated what percent of all net new jobs over the past 15 years

50%

45%

80%

64%

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7 Growing Jobs in the Small-Business Sector

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To find local small businesses in your sector that are hiring, what is a good strategy?

network at business events

look on the internet

visit the chamber of commerce

ask the guidance counselor

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7 Growing Jobs in the Small-Business Sector

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Food-related businesses continued to grow modestly last year, particularly in what area?

Wholesale distribution

Farming

Fast Food

Grocery

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7 Growing Jobs in the Small-Business Sector

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