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ENTREP: Lesson 6

Authored by Christian Kyle

Education

Professional Development

Used 4+ times

ENTREP: Lesson 6
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29 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses require an equally elegant business model, with the right price, messaging and delivery channel to the right target customers to keep the dream alive and growing.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • Customers often complain that existing approaches are not intuitive or integrated, but old solutions may be familiar and locked in.

Size the value of the solution in the target segment.

Confirm that the product or service solves the problem.

Test the channel and support strategy

Talk to industry experts and investors.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • Estimate your costs including a 50 percent gross margin, as a lower bound on a price. 

Size the value of the solution in the target segment.

Confirm that the product or service solves the problem.

Test the channel and support strategy

Talk to industry experts and investors.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • Products too expensive for the market won't succeed, and prices too low will leave an exposure. Match with competitor prices and market demographics.

Size the value of the solution in the target segment.

Confirm that the product or service solves the problem.

Test the channel and support strategy

Talk to industry experts and investors.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • Once the prototype or alpha version is available, expose it to real customers to see and feel the same excitement and delight.

Size the value of the solution in the target segment.

Confirm that the product or service solves the problem.

Test the channel and support strategy

Talk to industry experts and investors.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • Look for feedback on how to make it a better fit. 

Size the value of the solution in the target segment.

Confirm that the product or service solves the problem.

Test the channel and support strategy

Talk to industry experts and investors.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • If it doesn't relieve the pain, or doesn't work, no business model will be saved.

Size the value of the solution in the target segment.

Confirm that the product or service solves the problem.

Test the channel and support strategy

Talk to industry experts and investors.

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