S2W12D1 - Week Overview: Idea vs Reality

Multiple Select

Which of the following are realistic startup needs for a food truck business? Select all that apply.

• Equipment

• Inventory

• Technology

• Staff

Multiple Choice

What is the significance of moving from a creative concept to a real business in the context of starting a food truck?

• It allows you to express your creativity without any constraints.

• It helps you turn your ideas into a profitable venture.

• It ensures you have a business plan but no actual product.

• It focuses only on branding and marketing.

Open Ended

How do you think identifying your target customer can impact the success of your food truck business?

Multiple Choice

Which step in the Week 2 Roadmap involves menu pricing and feasibility?

• Stop 1: Legal Structure & Startup Needs

• Stop 2: Event Operations & Workflow

• Stop 3: Menu Pricing & Feasibility

• Stop 4: Finish Business Plan Draft 1

Open Ended

Explain why it is important for a food truck owner to understand both legal structure and startup needs before launching their business.

Multiple Choice

Which business structure offers high protection but is expensive to run?

• Sole Proprietorship

• Partnership

• Corporation

• LLC

Open Ended

Explain the difference between 'Essential' and 'Nice-to-Have' items in the context of starting a business. Why is it important to distinguish between them?

Multiple Choice

Which of the following items should be kept as Day 1 Essentials when starting a food truck business?

• Custom neon signs

• Reliable generator

• Designer uniforms

• $5,000 espresso machine

Multiple Select

Which categories should be included when listing startup needs for a food truck business? Select all that apply.

• Equipment Needs

• Supply/Inventory

• Tech/Personnel

• Marketing Materials

Open Ended

What steps should you take to ensure your business plan draft is complete and professional?

Open Ended

If a line of 30 people forms at your food truck window, who takes the order, who cooks, and who handles the money?

Multiple Choice

Which of the following tickets is NOT part of the Week 1 review for setting the menu?

• Approved Concept

• Target Customer

• Brand Identity

• Financial Planning

Open Ended

Reflecting on the process of moving from a creative concept to a real business, what do you think is the most challenging step for a food truck founder?

Multiple Choice

According to the image, what are two essential components needed for a strong final pitch besides a creative food idea?

• Realistic and defensible business decisions

• A catchy slogan and colorful presentation

• A large team and high budget

• Celebrity endorsements and viral marketing