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.

Real estate agents - how much do you know about running an effective Sphere of Influence business? Take this quiz to find out! (answers and explanations follow the quiz)

Questions: 13  |  Attempts: 382   |  Last updated: Dec 14, 2012
  • Sample Question
    SOI stands for Sphere of Influence. Which is the best definition of "Sphere of Influence" from a business-generating perspective?

For owners and managers of computer consulting businesses, VARs, network integrators, IT solution providers, MSPs, system builders, and computer repair businesses ...that market to local small business...

Questions: 7  |  Attempts: 234   |  Last updated: May 25, 2016
  • Sample Question
    How much service revenue does your average small business IT client generate each year (annually)?

For owners and managers of computer consulting businesses, VARs, network integrators, IT solution providers, MSPs, system builders, and computer repair businesses ...that market to local small business clients ...and...

Questions: 6  |  Attempts: 139   |  Last updated: Jan 19, 2017
  • Sample Question
    What percentage of your company's annual revenue is service revenue from clients on IT service contracts?

Microfinance is the provision of small loans for the poor firms or organizations which are having problems with bank operations. This is a broad category of service that is meant for the provision of credit services to poor...

Questions: 10  |  Attempts: 100   |  Last updated: Nov 8, 2018
  • Sample Question
    Which area is the microfinance system mostly practiced?

Take this quiz on small business jobs.

Questions: 5  |  Attempts: 60   |  Last updated: Jan 19, 2017
  • Sample Question
    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

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Small Business Questions & Answers

How many different ways do you have to get new customers besides word-of-mouth?
4+-word-of-mouth marketing is not really marketing. rather, word-of-mouth is a bonus or dividend you get for doing everything else correctly with your it marketing, sales, project management, and customer service. in other words, you cant expect word
How many hours per week, in an average week, do you allocate to IT marketing, sales, and business development?
More than 8 hours per week-unless your firm is large enough to have dedicated it marketing, sales, and business development staff, most owners of small business technology providers are severely under-invested in the amount of time thats realisticall
How much of your monthly revenue comes from your three biggest clients?
1%-49%-at the risk of being repetitious to drive home an extremely important point, dont put your firm in a situation where your three biggest clients are responsible for more than 50% of your firms monthly service revenue. if any of these clients a
SOI stands for Sphere of Influence. Which is the best definition of Sphere of Influence from a business-generating perspective?
Everyone who knows youWhile all of the above responses are correct, the best answer is everyone who knows you. Your Sphere of Influence may indeed include your past clients and current prospects AND your friends and family AND everyone you know... bu