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ENT Exam 3 Exam with complete
solutions latest version
Planning - CORRECT ANSWER-description of the future you envision for your
business (what & how)
What is TRIM? - CORRECT ANSWER-planning tool to identify:
- team
- resources
- idea
- market
7 Forms of Planning - CORRECT ANSWER-- back of napkin
- sketches on a page
- BMC
- business brief
- feasibility study
- pitch deck
- business plan
Back of Napkin - CORRECT ANSWER-drawing on napkin to gain clarity on idea --
shared with friends & prospective team members
Sketches on a Page - CORRECT ANSWER-detailed drawing or informally written,
outlines future potential -- shared with team members & early employees
BMC (business model canvas) - CORRECT ANSWER-completed & tested BMC
shared with team members & advisors that identifies gaps & evaluates business
integration
Business Brief - CORRECT ANSWER-2-3 page typed professional document
(exec summary) to provide to friends, family, investors, advisors, SH's
What to include in business brief: (7) - CORRECT ANSWER-- company overview
- value proposition
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- customer profile & market size
- proof of market demand & future growth
- description of entrepreneur/ team
- actions (previous & future)
- simple pro forma income statement (up to 3 yrs)
Feasibility Study - CORRECT ANSWER-10 page typed professional document
shared with team members & early investors to prove that venture has market
potential
Pitch Deck - CORRECT ANSWER-approx. 10-20 slide professional presentation
shared with early investors, incubators & accelerators to obtain funding &
meetings with potential investors
Business Plan - CORRECT ANSWER-approx. 25+ page formal document &
appendices shared with banks & investors to obtain funding
Why write a business plan? (5) - CORRECT ANSWER-- help gain clarity
- help organize thoughts
- establish a core message
- create alignment
- force you to think through every aspect of business
Tips for writing a business plan: (5) - CORRECT ANSWER-- be direct
- be realistic
- be conservative in financial projections
- revise & edit
- use visuals & appendices
Kimberly Majeski (Guest Speaker) - CORRECT ANSWER-founder & CEO of
Stripped Love
1st name of Stripped Love - CORRECT ANSWER-Butterflies of Hope Outreach
3 elements of sex trafficking case - CORRECT ANSWER-force, fraud, coercion
Why was Stripped Love org created? - CORRECT ANSWER-to meet needs:
connect, advocate, educate
Quotes about relationships (2) -- Kimberly Majeski (Guest Speaker) - CORRECT
ANSWER-"relationships go where services can't meet"
"we measure success in relationships"
Revenue - CORRECT ANSWER-income gained from sales
BRAINSCAPE1
ENT Exam 3 Exam with complete
solutions latest version
Planning - CORRECT ANSWER-description of the future you envision for your
business (what & how)
What is TRIM? - CORRECT ANSWER-planning tool to identify:
- team
- resources
- idea
- market
7 Forms of Planning - CORRECT ANSWER-- back of napkin
- sketches on a page
- BMC
- business brief
- feasibility study
- pitch deck
- business plan
Back of Napkin - CORRECT ANSWER-drawing on napkin to gain clarity on idea --
shared with friends & prospective team members
Sketches on a Page - CORRECT ANSWER-detailed drawing or informally written,
outlines future potential -- shared with team members & early employees
BMC (business model canvas) - CORRECT ANSWER-completed & tested BMC
shared with team members & advisors that identifies gaps & evaluates business
integration
Business Brief - CORRECT ANSWER-2-3 page typed professional document
(exec summary) to provide to friends, family, investors, advisors, SH's
What to include in business brief: (7) - CORRECT ANSWER-- company overview
- value proposition
BRAINSCAPE1
, BRAINSCAPE1
- customer profile & market size
- proof of market demand & future growth
- description of entrepreneur/ team
- actions (previous & future)
- simple pro forma income statement (up to 3 yrs)
Feasibility Study - CORRECT ANSWER-10 page typed professional document
shared with team members & early investors to prove that venture has market
potential
Pitch Deck - CORRECT ANSWER-approx. 10-20 slide professional presentation
shared with early investors, incubators & accelerators to obtain funding &
meetings with potential investors
Business Plan - CORRECT ANSWER-approx. 25+ page formal document &
appendices shared with banks & investors to obtain funding
Why write a business plan? (5) - CORRECT ANSWER-- help gain clarity
- help organize thoughts
- establish a core message
- create alignment
- force you to think through every aspect of business
Tips for writing a business plan: (5) - CORRECT ANSWER-- be direct
- be realistic
- be conservative in financial projections
- revise & edit
- use visuals & appendices
Kimberly Majeski (Guest Speaker) - CORRECT ANSWER-founder & CEO of
Stripped Love
1st name of Stripped Love - CORRECT ANSWER-Butterflies of Hope Outreach
3 elements of sex trafficking case - CORRECT ANSWER-force, fraud, coercion
Why was Stripped Love org created? - CORRECT ANSWER-to meet needs:
connect, advocate, educate
Quotes about relationships (2) -- Kimberly Majeski (Guest Speaker) - CORRECT
ANSWER-"relationships go where services can't meet"
"we measure success in relationships"
Revenue - CORRECT ANSWER-income gained from sales
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