What is a common mistake entrepreneurs make when starting a new company?

Entrepreneurship Strategies and Mistakes

Interactive Video
•
Business, Professional Development, Life Skills
•
9th - 12th Grade
•
Hard

Amelia Wright
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Focusing too much on intellectual exercises
Investing too much in marketing
Launching without a business plan
Ignoring customer feedback
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the speaker, what is the best approach to starting a business?
Taking quick and inexpensive action
Creating a perfect business plan
Conducting extensive market research
Hiring a large team
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial state of the website in the speaker's example?
Full of advanced features
Completely non-functional
Highly professional and polished
Simple and imperfect
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much revenue did the simple website generate every six months?
$200,000
$100,000
$50,000
$10,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the speaker suggest doing if the initial business idea works?
Increase marketing efforts
Launch a new product
Focus on writing a business plan and securing funding
Immediately expand the team
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should entrepreneurs minimize when launching a new idea?
Marketing budget
Barriers to entry
Product quality
Customer engagement
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do many entrepreneurs miss opportunities, according to the speaker?
They focus too much on competition
They spend too much time on planning
They lack innovative ideas
They invest too much in technology
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the speaker's advice for those with a business idea?
Focus on branding first
Wait for perfect conditions
Launch with minimal resources
Hire a consultant
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