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ENT101 Exam Study Questions and Answers |Latest Update

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ENT101 Exam Study Questions and Answers |Latest Update

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ENT101 Exam Study Questions and Answers
|Latest Update
5 Phases of the Nail it then Scale It Process - ANS 1. Nail the Pain
2. Nail the Solution
3. Nail the Go-to-Market Strategy
4. Nail the Business Model
5. Scale It


Myths of Entrepreneurship - ANS 1. The Process Myth
2. The Hero Myth
3. The Money Myth


The Process Myth - ANS The conventional, "build it and then sell it" process doesn't work
because entrepreneurs start out with a guess


The Hero Myth - ANS Qualities that are heralded as traits of the successful may lead to your
startup's demise


The Money Myth - ANS More money isn't necessarily better


Failures - ANS • Tackle wrong tasks
• Do things in wrong order
• Fall prey to own strengths
• Follow conventional wisdom
• More capital can increase failure
• Is okay if you Fail Fast, and Fail Cheap
• Why do 90% of businesses fail - Couldn't get anyone to buy it

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