Math for Entrepreneurs: Starting a Business

Logos and Branding

• The central logo of the Red Cross is a red cross shape on a white background.

Colors in Logos

• The four colored squares arranged in a grid contain the colors: red, yellow, black, and blue.

Olympic Logo

• The Olympic logo features five interlocking rings.

Government Support for Youth

• The Government of Canada provides resources to help youth create small businesses.

Vision Boards

• A vision board is a visual tool used in the context of starting a business to help clarify and achieve goals.

Math in Business

• Math is important when starting a business as it helps with financial planning, budgeting, and forecasting.

Market Research

• A market research survey is used in the context of starting a business to gather information about the target audience, market trends, and competitors.

Business Planning

• During the planning phase of starting a business, entrepreneurs should consider market research, financial planning, and goal setting.

Budgeting

• A budget is a financial plan outlining projected income and expenses over a specific period.
• There are two types of business expenses: fixed and variable.
• A surplus in a business budget indicates that revenue exceeds expenses.

Memorable Brands

• Memorable brands often have a unique logo that represents their identity.
• A logo is a visual symbol or emblem that represents a business or organization.
• Graphic designers use shapes to create logos because they can be simple, memorable, and versatile.
• The 24 arrangements of shapes in different colors may be used to create unique logos for different brands.

Business Finances

• When a business's revenue exceeds its expenses, one possible outcome is profit.