ENT 101 Exam Questions with Correct Answers 100% Verified By Experts|2025/2026 Latest
Update
5 phases of the NISI process 1. nail pain
2. nail solution
3. nail go-to market strategy
4. nail business model
5. scale it
traditional process method (5) 1. entrepreneur has idea
2. discuss with friends/raise money
3. find location, build product
4. test product, perfect it
5. sell it
process myth (5) 1. idea
2. product
3. team
4. test
5. sell
hero myth believing in your product leads to failure
money myth you need to have a large sum of money to get started
reasons entrepreneurs fail (7) 1. tackle wrong tasks
2. do things in the wrong order
3. fall prey to own strengths
, 4. follow conventional wisdom
5. more capital can increase failure
6. is okay if you fail fast and fail cheap
7. couldn't get anyone to buy
customers customers validate, entrepreneurs innovate
it is not the job of the customer to think of a way to solve the pain
end-user customer person who uses the product or manages the people who use the
product
technical customer IT person who installs or maintains the product
economic customer person who makes the ultimate purchase decision
validation -why should you get out of the building? we are convinced we understand when
we actually don't
questions to ask when validating a pain (3) 1. is this a pain you experience
2. tell me more, why is it such a pain
3. would something like this solve your pain
what legal entity doesn't provide a barrier of protection against a lawsuit? sole
proprietorship
what does intellectual property include 1. patents
2. copyrights
3. trademarks
Update
5 phases of the NISI process 1. nail pain
2. nail solution
3. nail go-to market strategy
4. nail business model
5. scale it
traditional process method (5) 1. entrepreneur has idea
2. discuss with friends/raise money
3. find location, build product
4. test product, perfect it
5. sell it
process myth (5) 1. idea
2. product
3. team
4. test
5. sell
hero myth believing in your product leads to failure
money myth you need to have a large sum of money to get started
reasons entrepreneurs fail (7) 1. tackle wrong tasks
2. do things in the wrong order
3. fall prey to own strengths
, 4. follow conventional wisdom
5. more capital can increase failure
6. is okay if you fail fast and fail cheap
7. couldn't get anyone to buy
customers customers validate, entrepreneurs innovate
it is not the job of the customer to think of a way to solve the pain
end-user customer person who uses the product or manages the people who use the
product
technical customer IT person who installs or maintains the product
economic customer person who makes the ultimate purchase decision
validation -why should you get out of the building? we are convinced we understand when
we actually don't
questions to ask when validating a pain (3) 1. is this a pain you experience
2. tell me more, why is it such a pain
3. would something like this solve your pain
what legal entity doesn't provide a barrier of protection against a lawsuit? sole
proprietorship
what does intellectual property include 1. patents
2. copyrights
3. trademarks
