| ActionCOACH | LegalShield | Business Basics | ID Shield | Micellaneous |
|---|---|---|---|---|
|
What is the differences between a Consultant and Coach are?
Consultants give advice and leave.
Coaches are accountability partners & stick around, for continued growth and success. |
What is the average amount you pay per hour, in Nebraska, for a quality attorney?
$250 $300 $400 $500
$300
|
To start a business in Nebraska you need..
A. A business license issued by the state. B. A business license issued by the city. C. A legal entity (S Corp, LLC, etc) D. A business plan.
None of the above.
|
Identity theft can be only a financial concern?
No
|
In order to form an LLC, there must be more than one owner?
False. An LLC can be a sole-proprietor.
|
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What are the two main facets that ActionCOACH provides to business owners?
Education and coaching.
|
If you own your own business, you must be incorporated to have a Small Business Legal Plan from LegalShield?
No. As a matter of fact, LegalShield offers a plan to help you incorporate for less than normal.
With a LegalShield Small Business Plan, you can have resources reserved for larger companies while still having an attorney to aid your small business, even if you are a solopreneur. |
How many people can be in an agreement to open a business?
Unlimited, but it gets harder with more.
|
Having your DMV record compromised is a form of identity theft?
Yes
|
What percentage of Americans will start a side-hustle in the next year?
According to a 17 Jun 2021 Article in Small Business News, 25 %
|
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How many factors directly affect the bottom line (profits) of any business?
Five; leads, conversion rate, average $$ sale, number of transactions, and profit margin
For a better understanding of these, come to a 5-Ways Workshop, 2nd Friday of each month. |
Most attorneys practice law in a general sense, meaning, you can get any legal support you need from just one attorney.
False. Lawyers specialize in certain areas of law.
LegalShield has attorneys in every area of law to assist you. Your plan gets you access to attorney firms across the US, 6900 attorneys. |
After you have been in business for a year, it is necessary to:
Send your financial statements to a CPA Write a business plan File with the Nebraska Secretary of State Value your business
None of the above.
|
What is the #1 form of identity theft?
Medical
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How much of the US GDP is gained from Small Businesses?
44%
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ActionCOACH has many successes all around the world (internationally) and here in Omaha.
What is the mission statement of the Omaha ActionCOACH Coaches?
Omaha abundance through business re-education!
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The approximate cost of a Last Will and Testament, prepared by a live attorney, in Nebraska, is?
$200 $400 $600 $700
$400 to $600, per person. Follow on question, do Wills need to be accomplished by a married couple at the same time?
|
You want to incorporate a legal entity, (S Corp, LLC, etc) you will need a business plan?
False
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Identity theft is the fastest-growing _________________crime.
White-Collar
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What is the biggest challenge facing Civic Organizations today? (Optimists, Rotary, Kiwanis, Lions, etc)
Baby boomers are civic minded.
Millennials are not civic minded. Challenge is recruiting. |
|
What percentage of businesses are non-employee businesses (aka solopreneurs)?
78.5%
Which of you, fit this category? |
How many specialty areas of law are there?
72
|
What percentage of businesses fail in the first 5 years?
Year 1: 20%
Year 2: 30% Year 5: 50% Year 10: 70% A 70% failure rate in the first 10 years. Then there was a pandemic. According to data from the Bureau of Labor Statistics, approximately 20 percent of small businesses fail within the first year. By the end of the second year, 30 percent of businesses will have failed. By the end of the fifth year, about half will have failed. And by the end of the decade, only 30 percent of businesses will remain — a 70 percent failure rate. |
Identity theft can be prevented, with the right steps.
No.
|
What has been the business watch word during and after the pandemic? Why did so many businesses fail?
Pivot.
Companies were not prepared for quick changes. |
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