Becoming Entrepreneurs- Review

.....................is most important in starting a company

• idea

• market

• team

You can find potential business ideas through .....

• Customers needs: customers who are being underserved

• Market trends: copying the coolest things in the market

"Filter for fit with your passions and skills plus market potential"

• It's is a good way to filter potential business ideas

• it isn't a good way to filter potential business ideas

Which of the following is a correct strategy in choosing your target customer?

• Really big market potential

• The richest customers possible

• Homogeneous / similar in buying behavior

Which of the following market research methods is only yielding generic data?

• Focus groups

• Internet search

• Surveys

Which of the following is TRUE of a customer persona?

• It has a big need and isn't within your target market

• It has a small need and is within your target market

• It has a big need and is within your target market

"Choose the features that are easiest to implement and that will have the highest impact on the priorities of your customer is a way you DO NOT over invest in your MVP"

• TRUE

• FALSE

Statistically, the impact on the success of your communication has .....

• -55% of the effectiveness of communication is from content

  -38% is from tone and -7% is from body language.

• -55% of the effectiveness of communication is from body language.

  -38% is from tone and -7% is from content.

• -55% of the effectiveness of communication is from body language

  -38% is from content and

  -7% is from tone .

The steps to have a good elevator pitch are....

• 1. 1. How-your strategy

  3. 2. What- the tactics

  5. 3.Why- your mission

• 1. 1.Why - your mission

  3. 2.How - your strategy

  3.What - the tactics

• 1. 1.Why - your mission

  2.What - the tactics

  3.How - your strategy

What is the best option to start up your first sale?

• Personal Selling

• Social Media

• Flyers