ENT101 Latest Update Exam Study questions and
Answers
If you don't build your dream, - ANS someone else will hire you to build their dream
Process = - ANS the difference between failure and success
Why do innovations, entrepreneurs, and product managers fail? - ANS they believe in their idea
and follow conventional wisdom
Hero Myth - ANS Passion, determination and vision can be dangerous.
Building vision no one else shares
Fundamental Attribution Error - ANS People often attribute far more success and failure to the
individuals than they actually deserve
Process Myth - ANS Entrepreneurs can't just execute
must search for the right problem and right solution
use the process of validation
Money Myth - ANS having 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 - ANS Having an idea and pursuing doesnt gaurentee success
Customer-based model of entrepreneurship - ANS -START WITH CUSTOMER
-entrepreneurial ideas
Answers
If you don't build your dream, - ANS someone else will hire you to build their dream
Process = - ANS the difference between failure and success
Why do innovations, entrepreneurs, and product managers fail? - ANS they believe in their idea
and follow conventional wisdom
Hero Myth - ANS Passion, determination and vision can be dangerous.
Building vision no one else shares
Fundamental Attribution Error - ANS People often attribute far more success and failure to the
individuals than they actually deserve
Process Myth - ANS Entrepreneurs can't just execute
must search for the right problem and right solution
use the process of validation
Money Myth - ANS having 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 - ANS Having an idea and pursuing doesnt gaurentee success
Customer-based model of entrepreneurship - ANS -START WITH CUSTOMER
-entrepreneurial ideas