Why Most Business Ideas Fail and What to Do About It

Interactive Video
•
Information Technology (IT), Architecture, Business
•
11th Grade - Vocational training
•
Hard
Wayground Content
FREE Resource
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial expectation of the speaker regarding their side hustle?
To quit YouTube and sail around the world
To become a millionaire overnight
To have a high conversion rate
To spend a lot on infrastructure
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the speaker, what is essential for a successful small business?
A strong social media presence
A large marketing budget
A unique product idea
A passionate and driven founder
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could the speaker have done differently to improve their project?
Launch without a landing page
Use a different tech stack
Spend more time on development
Focus solely on paid advertising
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a recommended strategy for validating a side hustle idea?
Ignoring user feedback
Building in isolation
Focusing on multiple features at once
Building in public
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can you engage with potential users before building your product?
By launching a full product
By focusing on paid ads
By creating a waitlist
By avoiding social media
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be the focus when starting with an MVP?
Adding as many features as possible
Solving the core problem
Targeting a broad audience
Maximizing profit from day one
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the benefit of having an email list according to the speaker?
It guarantees immediate sales
It is a substitute for social media
It allows direct engagement with target customers
It replaces the need for a product
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