1 for specific request mail
ENT 101 Final Exam Questions and Correct Answers |
Latest Update
NISI Phases
Ans: 1. Nail the Pain
2. Nail the Solution
3. Nail Go to Market
4. Nail the Business Model
Assignment Expert
5. Scale it
Guru01 - Stuvia
Traditional Process Method
Ans: 1. entrepreneur has an idea
2. discusses with friends and family/ raises money
2026
3. find location, build product
©
4. test product, perfect it
5. sell it
3 myths of entrepreneurship
Ans: 1. process myth
2. hero myth
3. money myth
Reasons why entrepreneurs fail
Ans: - tackle wrong tasks
- do things in wrong order
, 2 for specific request mail
-fall prey to own strengths
- follow conventional wisdom
- more capital increases failure
Why do 90% of businesses fail
Ans: couldn't get anyone to buy it
What are the role of customers vs role of entrepreneurs
Ans: customers validate, entrepreneurs innovate
Assignment Expert
Three types of customers
Guru01 - Stuvia
Ans: 1. end user customers
2. technical customers
3. economic customers
2026
end user customers
©
Ans: the person uses the product or manages the people who use it
technical customers
Ans: IT person who installs or maintains the product
Economic Customers
Ans: the person who makes the ultimate purchase decision
Why should we get outside of the building???
Ans: we are convinced we understand when we actually dont
Questions to ask when validating a pain??
Ans: 1. Is this a pain you experience?
ENT 101 Final Exam Questions and Correct Answers |
Latest Update
NISI Phases
Ans: 1. Nail the Pain
2. Nail the Solution
3. Nail Go to Market
4. Nail the Business Model
Assignment Expert
5. Scale it
Guru01 - Stuvia
Traditional Process Method
Ans: 1. entrepreneur has an idea
2. discusses with friends and family/ raises money
2026
3. find location, build product
©
4. test product, perfect it
5. sell it
3 myths of entrepreneurship
Ans: 1. process myth
2. hero myth
3. money myth
Reasons why entrepreneurs fail
Ans: - tackle wrong tasks
- do things in wrong order
, 2 for specific request mail
-fall prey to own strengths
- follow conventional wisdom
- more capital increases failure
Why do 90% of businesses fail
Ans: couldn't get anyone to buy it
What are the role of customers vs role of entrepreneurs
Ans: customers validate, entrepreneurs innovate
Assignment Expert
Three types of customers
Guru01 - Stuvia
Ans: 1. end user customers
2. technical customers
3. economic customers
2026
end user customers
©
Ans: the person uses the product or manages the people who use it
technical customers
Ans: IT person who installs or maintains the product
Economic Customers
Ans: the person who makes the ultimate purchase decision
Why should we get outside of the building???
Ans: we are convinced we understand when we actually dont
Questions to ask when validating a pain??
Ans: 1. Is this a pain you experience?
