Entrepreneurship Essentials

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Foundations of starting up

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Derek Galante

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Froggy Jumps Entrepreneurship EssentialsVersión en línea Foundations of starting up por Derek Galante 1 What is a minimum viable product (MVP)? a A smallest version of a product to test core assumptions b A final product with all features c A product built after funding rounds 2 Which is the best first step in validating a business idea? a Launch a marketing campaign b Conduct customer interviews to learn needs c Hire a full team immediately 3 What is a value proposition? a The unique benefit a product offers to customers b The price of the product c A marketing slogan 4 Which model describes how a startup earns money? a Hiring model b Business model c Supply chain model 5 What is pivoting in entrepreneurship? a Sticking to the original plan no matter what b Raising capital only c Changing strategy based on feedback or data 6 Burn rate refers to what in startups? a The rate of product updates b The speed at which cash is spent c The speed of hiring new staff 7 Which is a common early-stage funding source? a Public stock offering b Seed funding from angel investors c Corporate buyouts 8 Why is customer discovery important? a To avoid talking to customers b To copy competitors c To understand real problems and validate demand 9 Which metric best indicates traction for a startup? a Number of emails collected b Total page views c Monthly active users or customers 10 What does scalability mean for a business? a No need for processes or systems b Immediate profits only c Potential to grow revenue with added users or demand

Froggy Jumps

Entrepreneurship EssentialsVersión en línea

Foundations of starting up

por Derek Galante

What is a minimum viable product (MVP)?

A smallest version of a product to test core assumptions

A final product with all features

A product built after funding rounds

Which is the best first step in validating a business idea?

Launch a marketing campaign

Conduct customer interviews to learn needs

Hire a full team immediately

What is a value proposition?

The unique benefit a product offers to customers

The price of the product

A marketing slogan

Which model describes how a startup earns money?

Hiring model

Business model

Supply chain model

What is pivoting in entrepreneurship?

Sticking to the original plan no matter what

Raising capital only

Changing strategy based on feedback or data

Burn rate refers to what in startups?

The rate of product updates

The speed at which cash is spent

The speed of hiring new staff

Which is a common early-stage funding source?

Public stock offering

Seed funding from angel investors

Corporate buyouts

Why is customer discovery important?

To avoid talking to customers

To copy competitors

To understand real problems and validate demand

Which metric best indicates traction for a startup?

Number of emails collected

Total page views

Monthly active users or customers

What does scalability mean for a business?

No need for processes or systems

Immediate profits only

Potential to grow revenue with added users or demand

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Entrepreneurship Essentials

Froggy Jumps

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Froggy Jumps

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Froggy Jumps

Quiz de Culpa mía película

Froggy Jumps

Entrepreneurship EssentialsVersión en línea

por Derek Galante

What is a minimum viable product (MVP)?

Which is the best first step in validating a business idea?

What is a value proposition?

Which model describes how a startup earns money?

What is pivoting in entrepreneurship?

Burn rate refers to what in startups?

Which is a common early-stage funding source?

Why is customer discovery important?

Which metric best indicates traction for a startup?

What does scalability mean for a business?

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