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WorksheetsStartup Survival Quiz 🔥
Total questions: 15
Worksheet time: 5mins
What's the first thing you should do when a billion-dollar startup idea pops into your head?
Build an app overnight
Ask people if they even want it
Call your cousin to register the business
Panic, then hire a CFO
What's an MVP (Minimum Viable Product) in startup land (and no, it's not LeBron)?
A product with full features
Just enough features to test
Something ready for Shark Tank
A product with zero cost
The mindset that'll keep your startup alive when things go wrong is...
"Perfect or nothing" energy
Let me avoid risk like taxes
Growth is the only way up!
If I ignore it, maybe it'll fix itself
The biggest reason startups fail before year two is?
Poor branding
Lack of funding
Nobody actually wanted the thing
A Weak team (vibes & vibes only)
What makes a brand stick in your brain?
A complex logo
Emotional resonance
Expensive marketing
Slogans longer than a TED Talk
Cash flow is basically:
Total assets owned
Money flowing in/out of your biz
Profit after tax
How much stock you're sitting on
If you want to see how profitable you are, look at your:
Balance sheet
Income statement
Cash flow chart
TikTok analytics
Which business model is based on recurring payments?
Freemium (free with benefits)
Subscription
One-time sale
License-and-leave
Which business is built to scale like a space rocket?
Handmade crafts
SaaS - Software as a Service
Freelance consulting
Your local grandma's bakery
Why do you need a pitch deck (besides looking cool)?
Manage payroll
Impress investors
Make logos
Track expenses
Warren Buffett advises investors to:
Follow trends
Buy high, sell low
Stick to what you actually understand
Avoid long-term investments
One of Dave Ramsey's famous gems?
💳Use credit cards wisely
Build an emergency fund
Invest in NFTs
Take payday loans
How do you test if your product actually fits the market?
Launch & hope🤞🏽
Talk to real humans
Focus on branding only
Avoid competitors
Which of these helps build community around a brand?
Paid ads only
Real convos, book clubs, group chats
Ignoring customer feedback
Ghosting your followers
What’s a smart way to start a business with minimal capital?
Rent a large office
Hire a full-time team
Start with digital tools and lean operations
Buy expensive equipment
