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ENTPFG 3301 FGExam
WhatFGareFGvariousFGformsFGofFGentrepreneurship?FG(7)FG-FGcorrectFGanswer
✔ ✔ CorporateFGEntrepreneurshipFG(Intrapreneurship)
EntrepreneursFGInside
Franchise
BuyingFGanFGExistingFGBusiness
SocialFGEntrepreneurship
FamilyFGEntreprise
SerialFGEntrepreneurs
WhatFGhasFGhelpedFGincreaseFGtheFGventureFGcapitalFGfundingFGforFGwomenFG entrepreneurs?FGWhatFGmoreFGcanFGbeFGdone?FG-FGcorrectFGanswer✔ ✔
ChangesFGinFGtheFGecosystemFGdueFGtoFGorganizationsFGthatFGhaveFGemerg edFGwithFGtheFGmissionFGofFGsupporting,FGtraining,FGandFGcelebratingFGwome nFGentrepreneurs
ex:FGEx:FGTheFGPipelineFGFellowship,FGEYFGEntrepreneurialFGWinningFGWo men,FGSpringboardFGEnterprises,FGAstia,FGGalXcFGWomen'sFGAcceleratorFG
HavingFGmoreFGfemaleFGventureFGcapitalistsFGinFGtheFGnetwork
WhyFGisFGentrepreneurshipFGaboutFGpracticing?FG-FGcorrectFGanswer✔ ✔ AboutFGrecognizingFGopportunities,FGidentifyingFGvalueFG(toFGwhom?),FGa ndFGgatheringFGresourcesFGtoFGconvertFGthoseFGusefulFGideasFGtoFGcommercia llyFGsustainableFGforFGprofitFGorFGnon-profitFGproducts/services
WhatFGisFGaFG"pitch"?FGWhatFGelementsFGareFGtheFGkeyFGelementsFGinFGaFG"pit
ch"?FG-FGcorrectFGanswer✔ ✔ - AFGpitchFGisFGaFGformFGofFGwordsFGusedFGwhenFGtryingFGtoFGpersuadeFGsomeo neFGtoFGbuyFGorFGacceptFGsomething,FGaFGgoodFGsalesFGpitch;FGaFGpresentation FGofFGaFGbusinessFGideaFGtoFGpotentialFGinvestors
-KeyFGElements:
WhatFGisFGyourFGproductFGorFGservice?
WhatFGisFGtheFGproblemFGbeingFGsolved?FGForFGwhom?
WhyFGisFGtheFGofferingFGcompellingFG(toFGyourFGintendedFGcustomers/marke t)?
WhyFGareFGyouFGbetterFGthanFGwhat'sFGoutFGthereFGnow?
WhyFGisFGhavingFGaFGgrowthFGmindsetFGasFGopposedFGtoFGaFGfixedFGmindsetFG requiredFGinFGentrepreneurship?FG-FGcorrectFGanswer✔ ✔
BecauseFGG.MFGviewsFGareFGbasedFGonFGlifelongFGlearningFGandFGviewsFGf ailureFGasFGanFGopportunityFGtoFGgrow,FGwhileFGaFGF.MFGavoidsFGchallenges.
WhatFGcharacteristicsFGofFGaFGnewFGideaFGconstitutesFGanFGopportunity?FG-
FGcorrectFGanswer✔ ✔ - New/uniqueFG(improvementFGofFGsomethingFGelse)
-PoliticalFGActionFGandFGRegulatoryFGChange
WhatFGmakesFGupFGaFGstartup'sFG"sweetFGspot"FGandFGwhy?FG-
FGcorrectFGanswer✔ ✔ PassionFGandFGexpertise
WhyFGdoFGyouFG(andFGyourFGstartup)FGneedFGaFGvision?FG-FGcorrectFGanswer
✔ ✔ -SoFGyouFGunderstandFGwhatFGyourFGspecific/endFGgoalFGis
ToFGknowFGhowFGtoFGcaptureFGtheFG"heartFGandFGmind"FGofFGeachFGstakehold er
-SoFGitFGreflectsFGtheFGvaluesFGandFGaspirationsFGofFGtheFGidea
True/False:FG"CrossingFGtheFGchasm"FGrefersFGtoFGinfluencingFGtheFGmajorit yFGofFGpeopleFGwhoFGwaitFGtoFGadoptFGnewFGproducts/technologies.FGWhatFG areFGKawasaki'sFGrecommendationsFGtoFGinfluenceFGtheFGmajority?FG-
FGcorrectFGanswer✔ ✔ -True
Recommendations:
BeFGrealistic
ShowFGempathy
EmphasizeFGutility
PayFGitFGforward
GoFGeasyFGonFGtheFGflattery
AFG'pitch'FGpresentationFGisFGanFGoutlineFGofFGyourFGbusinessFGmodelFGtrueFGo rFGfalse?FG-FGcorrectFGanswer✔ ✔ True
WhatFGisFGtheFGpurposeFGofFGgivingFGaFG'pitch'FGpresentation?FG- FGcorrectFGanswer✔ ✔
toFGgiveFGaFGshortFGsummaryFGofFGyourFGcompany,FGyourFGbusinessFGplanFG andFGyourFGstartupFGvision.
SomewhatFGtrueFGorFGfalse:FGIsFGthereFGanFGorderFGofFGtopicsFGinFGtheFGpitch?F
G-FGcorrectFGanswer✔ ✔ SomewhatFGTrue
WhatFGisFGtheFGfirstFGtopicFGinFGtheFGpitchFG(FGafterFGaFGquickFGintroduction)?F
G-FGcorrectFGanswer✔ ✔ TheFGproblemFGandFGopportunity
WhatFGisFGtheFGadvantageFGofFGstoryboardingFGyourFGproductFGsolution?FG- FGcorrectFGanswer✔ ✔
ByFGusingFGpicturesFGtoFGtellFGtheFGstartFGupsFGstory,FGyou'reFGableFGtoFGthin kFGdivergentlyFG(aFGpictureFGisFGworthFG1,000FGwords)
WhatFGwereFGtheFGfourFGtopicsFGaboutFGyourFGproductFGyouFGandFGyourFGtea
mFGdrewFGinFGyourFGstoryboard.FG-FGcorrectFGanswer✔ ✔ Problem,FGsolution,FGdetails,FGresults
WaysFGtoFGevangelize:FGschmoozing,FGaskingFGquestionsFG(shutFGupFGandFGli sten,FGdon'tFGdominateFGtheFGconversation),FGgetFGoutFGofFGyourFGcomfortFGz oneFGandFGspeakFGwithFGasFGmanyFGpeopleFGasFGyouFGcan,FGunveilFGyourFGpas sion,FGfollowFGup,FGmakeFGitFGeasyFGtoFGgetFGinFGtouch,FGandFGdoFGfavors.
WhatFGisFGaFG"designFGthinkingFGperspective"FGandFGwhyFGisFGitFGusefulFGinFG developingFGideasFGintoFGopportunities?FG-FGcorrectFGanswer✔ ✔ -
It'sFGaFG 3 FGstageFGprocessFGofFGdivergentFGandFGconvergentFGthinkingFGthatFGc anFGbeFGdoneFGmanyFGtimesFGoverFGandFGinFGmanyFGdifferentFGorders,FGandFGc onsistsFGofFGinspiration,FGideationFGandFGimplementation.FG
findingFGtheFGproblem,FGpossibleFGsolutionsFGtoFGtheFGproblem,FGandFGhowFG canFGitFGbeFGmadeFGbetter.
WhatFGisFGtheFGstartFG(andFGmostFGimportantFGstage)FGofFGtheFGdesignFGthinki ngFGprocess?FGInFGotherFGwords,FGwhatFGisFGtheFGmostFGimportantFGgoalFGatFGt heFGstartFGofFGtheFGdesignFGthinkingFGprocess?FGHowFGdoFGyouFGaccomplishF
GthisFGgoal?FG-FGcorrectFGanswer✔ ✔ - Inspiration,FGorFGempathisingFGandFGdefiningFGtheFGproblemFGisFGtheFGmostFG importantFGstageFGinFGtheFGdesignFGthinkingFGprocess
AccomplishingFGthisFGgoalFGmeansFGthatFGyouFGframeFGtheFGproblemFGbyFGas kingFGallFGtheFGrightFGquestions.
TheFGdefinitionFGofFGtheFGproblemFGshouldFGbeFGtheFGfocusFGofFGallFGyourFGpr oblemFGsolvingFGefforts.FGTheFGqualityFGofFGyourFGsolutionsFGwillFGbeFGinFGdi rectFGproportionFGtoFGtheFGqualityFGofFGunderstandingFGtheFGproblem.
WhatFGisFGtheFGsecondFGphaseFGinFGtheFGdesignFGthinkingFGprocess?FGWhyFGi sFGitFGimportantFGtoFGbrainstormFGinFGthisFGphase?FGWhatFGisFGbrainstormingF GbasedFGonFG(whatFGinformation)?FGWhyFGisFGthinkingFGdivergentlyFGtheFGm ostFGimportantFGwayFGtoFGthinkFGatFGthisFGsecondFGphase?FGWhatFGareFGtwoFG waysFGtoFGhelpFGyouFGandFGyourFGteamFGthinkFGdivergently?FG-
FGcorrectFGanswer✔ ✔ -Ideation
ItFGisFGimportantFGtoFGbrainstormFGinFGthisFGphaseFGbecauseFGitFGforcesFGdiver gentFGthinkingFGandFGcanFGgenerateFGnewFGideasFGtoFGplayFGonFGtheFGoriginalF Gidea.FGYouFGmayFGcomeFGupFGwithFGbetterFGideasFGafterFGmultipleFGbrainsto rmingFGsessions.
-BrainstormingFGisFGbasedFGonFGinsightsFGfromFGtheFGinspirationFGstage
ItFGisFGmostFGimportantFGtoFGthinkFGdivergentlyFGinFGthisFGphaseFGbecauseFGitF GexpandsFGtheFGviewFGofFGtheFGworldFGtoFGgenerateFGasFGmanyFGideasFGasFGpo ssibleFGwithoutFGbeingFGtrappedFGbyFGtraditionalFGproblem- solvingFGmethodsFGorFGpredeterminedFGconstraints.
-WaysFGtoFGhelpFGourFGteamFGthinkFGdivergentlyFGis:
LookFGforFGpossibilities,FGwhatFGmightFGbe
GenerateFGnovelFGresponses
MakeFGnonFGobviousFGassociationsFG(somethingFGdoneFGwellFGasFGaFGchild)
FGcorrectFGanswer✔ ✔ - MVP:FGMinimalFGViableFG(workingFGsuccessfully)FGProduct:FGthisFGisFGtheFG beginningFGofFGtheFGproduct,FGandFGeachFGnewFGversionFGallowsFGtheFGteamFG toFGcollectFGtheFGmaximumFGamountFGofFGvalidatedFGlearningFGaboutFGtheFGc ustomersFGwhileFGutilizingFGtheFGleastFGamountFGofFGeffort.
-TwoFGextraFGV's:
ValuableFG(asFGinFGmeaningful)
ValidatingFG(toFGtheFGvisionFGofFGyourFGstartup)
WhatFGareFGtheFGfourFGareasFGofFGresearchFGinFGaFGfeasibilityFGanalysis?FG- FGcorrectFGanswer✔ ✔ -
Product/serviceFG(whatFGwouldFGaFGpotentialFGcustomerFGreallyFGvalue,FGdes ire,FGwant,FGneed,FGlove?FGHence,FG"whatFGisFGyourFGwhy...)
-Industry/TargetFGMarket
-Organizational
-Financial
DescribeFGtheFGfirstFGstepFGinFGanyFGresearchFGprocess.FGWhyFGisFGthisFGstepFG theFGmostFGimportant?FG-FGcorrectFGanswer✔ ✔ -
IdentifyFGtheFGproblem,FGorFGdevelopFGaFGresearchFGquestion.
ThisFGisFGtheFGmostFGimportantFGbecauseFGitFGsetsFGtheFGfoundationFGofFGwhyF GoneFGwouldFGinitiateFGaFGstartup.
HowFGorFGwhereFGcouldFGyouFGgetFGdataFGasFGyouFGdoFGresearchFGaboutFGyou rFGhypothesisFGandFGassumptions?FGWhyFGdoFGyouFGneedFGtheFGdata?FG- FGcorrectFGanswer✔ ✔ -PrimaryFGandFGSecondaryFGDataFGSources:
Primary:FGCustomerFGsurveysFGandFGquestionnaires,FGFocusFGgroups,FGInter views,FGMakingFGobservations,FGGumshoeFGresearchFG(investigatingFGallFGa roundFGandFGanalyzingFGlikelyFGdemandFGofFGproduct/service).
Secondary:FGDatabases,FGMarketFGresearch;FGIndustryFGforecasts,FGTradeFGa ssociationsFGandFGbusinessFGdirectories,FGCensusFGData,FGArticles,FGInternet FGresearch.
TheFGdataFGisFGneededFGtoFGproveFGanyFGhypothesisFGorFGassumptionFGyouFG mayFGhaveFGhadFGaboutFGtheFGstartup,FGwhichFGwillFGbeFGmoreFGcredibleFGifFG backedFGbyFGresearch.FGIfFGtheFGperformedFGresearchFGdoesFGnotFGproveFGtheF GassumptionFGorFGhypothesisFGtoFGbeFGcorrect,FGitFGmayFGchangeFGtheFGvalueF Gproposition.
WhatFGdoesFGitFGmeanFGtoFG"pivot"?FG-FGcorrectFGanswer✔ ✔ PivotingFGisFGmakingFGfundamentalFGchangesFGtoFGtheFGbusinessFGafterFGd eterminingFGthroughFGresearchFGthatFGtheirFGproductFGisFGnotFGmeetingFGtheFG demandsFGofFGtheirFGintendedFGmarket.
TrueFGorFGFalse:FGYourFGbusinessFGmodelFGcanFGbeFGconsideredFGaFG"high- level"FGoutlineFGofFGyourFGbusinessFGplan.FG-FGcorrectFGanswer✔ ✔
True:FGyourFGbusinessFGmodelFGoffersFGaFGconciseFGtoolFGforFGthinkingFGthr oughFGtheFGbusinessFGandFGkeepingFGtheFGkeyFGpointsFGhighlyFGvisible.
-PassFGtheFGreshareFGtestFG(makeFGeveryFGpostFGreshareFGworthy)FG(p.FG219)
GrokFGtheFGplatformsFG(getFGonFGIG,FGFB,FGYTFGtoFGgetFGexposure)FG(p.FG 215 )
OurFGBMCFGcoheresFGbyFGplanningFGtoFGinitiateFGsocialFGmediaFGmarketingF GandFGtargetingFGinfluencersFGtoFGmarketFGourFGwaterFGbottleFGontoFGtheirFGso cialFGmediaFGprofilesFGtoFGaidFGinFGconsumersFGtoFGgravitateFGtowardFGourFGp roductFGversusFGourFGcompetitors.
