UTD ENTP 3301 EXAM -1 QUESTIONS WITH COMPLETE SOLUTIONS

UTDFGENTPFG3301FGEXAMFG#1FGQUESTIONSFGWITHFGCOMPLET
EFGSOLUTIONS


WhatFGisFGaFGMATT?FG-FGcorrectFGanswer✔ ✔
Milestones,FGAssumptions,FGTestsFGTasks.


MilestonesFG-
FGworkingFGdemo,FGgettingFGaFGsellFG/FGpaying FGcustomer,FGinitialFGcapital,FGb


reakeven,FGetc.
AssumptionsFG-
FGmarketFGsize,FGgrossFG margin,FGsalesFGcallsFGperFGperson,FGcostFGofFGcustom


erFGacquisition,FGconversationFGrate.
TestsFG-
FGdoFGcustomersFGacquisitionsFGcostsFGpermitFGprofitableFGoperations? FGWill


FGpeopleFGuseFGyourFGproduct? FGCanFGyouFGafford?



TasksFG-
FGrecruitFGemployees,FGfindingFGvendors,FGsettingFGupFGaccounting,FGfiling FGl


egalFGdocuments.



TheFGBigFGThreeFG-FGcorrectFGanswer✔ ✔ Product,FGMarket,FGTeam



TeamFG-FGcorrectFGanswer✔ ✔ GoodFGmixFGandFGblendFGofFGskills.

-FGWorkFGwellFGtogether
-FGGreatFGpeopleFG>FGmoderateFGideas

, CharacteristicsFGofFGEntrepreneursFG-FGcorrectFGanswer✔ ✔
EmotionalFGCommitment,FGVision,FGDetermination.
-FGComplimentaryFGteamFGemmbers
-healthyFGsenseFGofFGparanoia
-abilityFGtoFGtakeFGrisks
-FGfindingFGaFGniche,FGwedgingFGitFGopen
-FGsuperiorFGcustomerFGservice


MythsFG-FGcorrectFGanswer✔ ✔ -
FGMoneyFGCANTFGbeFGyourFG motivation



-FGYouFGcantFGdoFGitFGyourself
-FGfameFGisFGfickle



3FGimportantsFGforFGhiringFG-FGcorrectFGanswer✔ ✔ -
FG1FGfillingFGfunctionalFGgaps/weaknessesFG(dontFGcreateFGuseless/pointless/


notFGneededFGpositions)
-FGbuildFGcredibilityFGw/FGoutsideFGworldFGofFGyourFGownFGabilityFG&FGrisk
-FGcompatibleFGpeopleFGw/FGsameFGvision


BooFGExplosionFG-FGcorrectFGanswer✔ ✔
TheoryFGthatFGwhenFGyouFGasFGtheFGCEOFG(AFGlevelFGperson),FGifFGyouFGhir