FINAL: Section 8: Entrepreneurship

Front

Just like the resume should get you an interview, the elevator pitch should get you ________.

Back

the next meeting

Front

Customer discovery is the process of ________ -- or relying on facts to start a business--not what you think that customers want, but what customers actually will buy (not necessarily what they say they will buy).

Back

validating your assumptions

Front

See the "bug report" below. Why might an entrepreneur use the "bug report" system?

Back

to identify potential opportunities

Front

What is the term for when a company has a unique solution which it can defend from competition?

Back

Sustainable competitive advantage

Front

True or False. Entrepreneurs should use social media platforms to advertise their startups online.

Back

True

Front

The process of ideation includes all of the following except:
a process for coming up with new ideas.
methods of convincing clients to buy products and services.
systems for validating assumptions.
methods for evaluating both new ideas and existing businesses.

Back

methods of convincing clients to buy products and services.

Front

The average age at which an Entrepreneur starts their first business is 40 years old.

Back

True

Front

The U.S. Small Business Administration (SBA) gives interest-free loans to start-up businesses and fully guarantees loans from local commercial lenders.

Back

True

Front

A _____ is a formal document that describes a business concept, outlines core business objectives, and details strategies and timelines for achieving those objectives.

Back

business plan

Front

The primary reason people choose to become entrepreneurs is to:

Back

earn more money.