Your Authors Suggest That When You Start a Consulting Business

question 22

Multiple Choice

Your authors suggest that when you start a consulting business, you should begin:

• A) Part time
• B) By determining your relative worth
• C) To cost out your time
• D) To develop relationships with your clients

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Definitions:

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from its total revenue.

Exchange Rate

The value of one currency for the purpose of conversion to another, affecting international trade and investments.

Gain

The financial profit obtained when the selling price of an asset exceeds its purchase price.

Euros

The official currency of the Eurozone, which consists of 19 of the 27 European Union member states.