ENT 101 EXAM QUESTIONS AND
ANSWERS 100% CORRECT
If you don't build your dream, - ANSWER-someone else will hire you to build their
dream
Process = - ANSWER-the difference between failure and success
Why do innovations, entrepreneurs, and product managers fail? - ANSWER-they
believe in their idea and follow conventional wisdom
Hero Myth - ANSWER-Passion, determination and vision can be dangerous.
Building vision no one else shares
Fundamental Attribution Error - ANSWER-People often attribute far more success and
failure to the individuals than they actually deserve
Process Myth - ANSWER-Entrepreneurs can't just execute
must search for the right problem and right solution
use the process of validation
Money Myth - ANSWER-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 - ANSWER-Having an idea and pursuing doesnt gaurentee
success
Customer-based model of entrepreneurship - ANSWER--START WITH CUSTOMER
-entrepreneurial ideas
-test pain and solution with customers
-develop market strategy with customers
-build the product with customers
CONSTRAINTS - ANSWER-INCREASE CREATIVITY
Entrepreneur paradox - ANSWER-if you have the right personality, follow the pattern we
all know, or raise money too early, you are actually increasing the chance that you will
fail
5 Phases of Nail it Then Scale it - ANSWER-1. Nail the pain
2. Nail the solution
3. Nail the go-to-market strategy
ANSWERS 100% CORRECT
If you don't build your dream, - ANSWER-someone else will hire you to build their
dream
Process = - ANSWER-the difference between failure and success
Why do innovations, entrepreneurs, and product managers fail? - ANSWER-they
believe in their idea and follow conventional wisdom
Hero Myth - ANSWER-Passion, determination and vision can be dangerous.
Building vision no one else shares
Fundamental Attribution Error - ANSWER-People often attribute far more success and
failure to the individuals than they actually deserve
Process Myth - ANSWER-Entrepreneurs can't just execute
must search for the right problem and right solution
use the process of validation
Money Myth - ANSWER-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 - ANSWER-Having an idea and pursuing doesnt gaurentee
success
Customer-based model of entrepreneurship - ANSWER--START WITH CUSTOMER
-entrepreneurial ideas
-test pain and solution with customers
-develop market strategy with customers
-build the product with customers
CONSTRAINTS - ANSWER-INCREASE CREATIVITY
Entrepreneur paradox - ANSWER-if you have the right personality, follow the pattern we
all know, or raise money too early, you are actually increasing the chance that you will
fail
5 Phases of Nail it Then Scale it - ANSWER-1. Nail the pain
2. Nail the solution
3. Nail the go-to-market strategy
