ENT101 final Exam Study guide |Latest Update

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ENT101 final Exam Study guide |Latest Update

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ENT101 final Exam Study guide |Latest Update

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ENT101 final Exam Study guide |Latest Update
NISI Phases - ANS 1. Nail the Pain
2. Nail the Solution
3. Nail Go to Market
4. Nail the Business Model
5. Scale it

Traditional Process Method - ANS 1. entrepreneur has an idea
2. discusses with friends and family/ raises money
3. find location, build product
4. test product, perfect it
5. sell it

Business model canvas - ANS

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
-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

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Uploaded on: February 15, 2025
Number of pages: 4
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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