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Author Question: Tanika is planning to open a consulting practice based in a shared office facility. Her monthly ... (Read 28 times)

gbarreiro

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on: Jul 6, 2018
Tanika is planning to open a consulting practice based in a shared office facility. Her monthly fixed costs will total 2,500 plus she must earn at least 7,500 per month to replace her salary and benefits.
 
  She plans to charge 65 per hour for her consulting services and will have direct costs of 15 per hour for a gross profit of 50 per hour. How many hours of consulting must she bill per month?
  A) 200 hours
  B) 50 hours
  C) 150 hours
  D) None of the above

Question 2

What is the Business Model Canvas?
 
  What will be an ideal response?
Entrepreneurship and Small Business Management ¦ Mariotti, Glackin ¦ 2nd Edition
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brittanywood

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Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

A business model is a company's plan to generate revenue and make a profit from operations. The Business Model Canvas is a visual representation of the critical components, and creating it compels the would be entrepreneur to think through many facets of the business.


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