ENT 101 EXAM WITH CORRECT
QUESTIONS AND ANSWERS 2025
If you don't build your dream, - CORRECT-ANSWERSsomeone else will hire you to build
their dream
Process = - CORRECT-ANSWERSthe difference between failure and success
Why do innovations, entrepreneurs, and product managers fail? - CORRECT-ANSWERSthey
believe in their idea and follow conventional wisdom
Hero Myth - CORRECT-ANSWERSPassion, determination and vision can be dangerous.
Building vision no one else shares
Fundamental Attribution Error - CORRECT-ANSWERSPeople often attribute far more
success and failure to the individuals than they actually deserve
Process Myth - CORRECT-ANSWERSEntrepreneurs can't just execute
must search for the right problem and right solution
use the process of validation
Money Myth - CORRECT-ANSWERShaving money will cause you to fail.
Feeling like you need capital to start a business
investment can give false faith about an idea
, Field of Dreams Myth - CORRECT-ANSWERSHaving an idea and pursuing doesnt gaurentee
success
Customer-based model of entrepreneurship - CORRECT-ANSWERS-START WITH
CUSTOMER
-entrepreneurial ideas
-test pain and solution with customers
-develop market strategy with customers
-build the product with customers
CONSTRAINTS - CORRECT-ANSWERSINCREASE CREATIVITY
Entrepreneur paradox - CORRECT-ANSWERSif you have the right personality, follow the
pattern we all know, or raise money too early, you are actually increasing the chance that you
will fail
5 Phases of Nail it Then Scale it - CORRECT-ANSWERS1. Nail the pain
2. Nail the solution
3. Nail the go-to-market strategy
4. Nail the business model
5. SCALE IT
Innovation - CORRECT-ANSWERSthe combination of an invention (whether old or new)
with an insight about a market need
QUESTIONS AND ANSWERS 2025
If you don't build your dream, - CORRECT-ANSWERSsomeone else will hire you to build
their dream
Process = - CORRECT-ANSWERSthe difference between failure and success
Why do innovations, entrepreneurs, and product managers fail? - CORRECT-ANSWERSthey
believe in their idea and follow conventional wisdom
Hero Myth - CORRECT-ANSWERSPassion, determination and vision can be dangerous.
Building vision no one else shares
Fundamental Attribution Error - CORRECT-ANSWERSPeople often attribute far more
success and failure to the individuals than they actually deserve
Process Myth - CORRECT-ANSWERSEntrepreneurs can't just execute
must search for the right problem and right solution
use the process of validation
Money Myth - CORRECT-ANSWERShaving money will cause you to fail.
Feeling like you need capital to start a business
investment can give false faith about an idea
, Field of Dreams Myth - CORRECT-ANSWERSHaving an idea and pursuing doesnt gaurentee
success
Customer-based model of entrepreneurship - CORRECT-ANSWERS-START WITH
CUSTOMER
-entrepreneurial ideas
-test pain and solution with customers
-develop market strategy with customers
-build the product with customers
CONSTRAINTS - CORRECT-ANSWERSINCREASE CREATIVITY
Entrepreneur paradox - CORRECT-ANSWERSif you have the right personality, follow the
pattern we all know, or raise money too early, you are actually increasing the chance that you
will fail
5 Phases of Nail it Then Scale it - CORRECT-ANSWERS1. Nail the pain
2. Nail the solution
3. Nail the go-to-market strategy
4. Nail the business model
5. SCALE IT
Innovation - CORRECT-ANSWERSthe combination of an invention (whether old or new)
with an insight about a market need
