Pick the Answers that lead to the highest impact start-up!

Pick the Answers that lead to the highest impact start-up!

University

8 Qs

quiz-placeholder

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Pick the Answers that lead to the highest impact start-up!

Pick the Answers that lead to the highest impact start-up!

Assessment

Quiz

Other

University

Hard

Created by

Zachary Thurston

Used 1+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

You and your co-founder recently inherited a large sum of money and want to help improve humanity. To ensure the largest growth potential, which sectors should you pick?

Healthcare

Logistics

Local Newspaper

House Rental

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Now that you have a business idea, you've got to decide which type of business venture to create. Which type will you choose and hopefully achieve the highest potential impact?

SME

IDE

Family Business

Side Hustle

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Now that you have an industry sector and a business venture type, it's time to figure out the right departure point for your startup. Which type of departure point should your business focus on?

Antibiotics

Vitamins

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

You have a brilliant product idea but must see if people will pay for it. Which practical approach should you take to test customer interest without building the full product yet?

Write a long report about market trends.

Launch a basic version and see what happens.

Pretend you have a full product and get customer feedback

Spend all your time designing the perfect logo.

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Your startup is gaining traction, and you need to start focusing on key metrics to ensure long-term profitability. Which core metric combination is crucial for determining its financial health and sustainability?

Social media followers and website traffic.

Number of products sold and customer satisfaction ratings.

Customer Acquisition Cost and Customer Lifetime Value

Employee headcount and office size.

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Now that the startup is taking off, you need to figure out how to manage your life and other jobs. Which approach leads to a high-growth startup?

Multitask during the day, focusing on your full-time job and startup  at the same time

Quit your job and focus on startup full-time

Hire someone to work on your startup

Keep your day job and work on startup at night

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

You are selling out faster than you can manage and need a large cash injection to expand operations. Which method could help you dominate the market and grow exponentially?

Receive money from Business Angels

Ask for Investment from Venture Capital

Ask for money from your mom's savings

Do a crowdfunding online

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Your co-founders left you, and you need help. Who can help you grow it into a billion-dollar evaluation company?

Friends from the golf club

Retired grandfather who was a successful CEO

A former CTO and a former COO from a small company

Your drinking buddies at the local Späti