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Mini-Quiz: Start the Right Kind of Small Business

by Brent H. Van Arsdell (2 November 2009)

Take this Mini-Quiz to check your understanding of the lesson material.



1. What is a major disadvantage of being self-employed?

Income is usually related to hours you work

You are unable to hire helpers

You may not like your boss

2. What size product is the best to sell?

Large, expensive products that have a high markup

It doesn't matter, as long as it is colorful

Small, easily shippable products

3. What is an advantage of online sales?

You get instant cash

You can sell your product 24-7

You don't have to deal with customers

If you got all three correct, you are on your way to becoming a Champion Entrepreneur. If you had problems, you had better look over the material again.


Be smart about how you build your business


About the author

Brent H. Van Arsdell is founder and president of the American Stirling Company (http://www.stirlingengine.com/). He is a graduate of the University of Illinois with a degree in aeronautical and astronautical engineering.

While in school, he designed a compact Stirling engine and started a business making and selling the devices. His company now produces a range of Stirling engines and kits for science enthusiasts and students.

He recently wrote the section on Stirling engines in the three volume Macmillan Encyclopedia of Energy. He has been featured on MSNBC as well as in the Boston Globe, The Christian Science Monitor, CBS.COM, the History Channel, and the New York Times.


Resources and references

Websites

Entrepreneur Resources

Books

Top-rated books on Starting a Business

Top-rated books on being an Entrepreneur


Questions and comments

Do you have any questions, comments, or opinions on this subject? If so, send an email with your feedback. I will try to get back to you as as possible.


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