Question 1

Eric Ries,author of The Lean Startup,makes what argument regarding planning and forecasting?

Accepted Answer

A) Planning and forecasting are accurate only for large corporations; startups are very different and require a different approach. 
B) A clever entrepreneur will take the lessons learned from large corporations' planning and forecasting models and apply them to their startup. 
C) Planning and forecasting are solid tools no matter the size of a business. 
D) A lack of understanding of planning and forecasting is the reason many startups fail. 
A) Planning and forecasting are accurate only for large corporations; startups are very different and require a different approach. 
B) A clever entrepreneur will take the lessons learned from large corporations' planning and forecasting models and apply them to their startup. 
C) Planning and forecasting are solid tools no matter the size of a business. 
D) A lack of understanding of planning and forecasting is the reason many startups fail.

Question 2

There are free tools online that help entrepreneurs distill their plans down into single pages.

Accepted Answer

A) True 
 B)False

Question 3

Finding a relaxing spot is important for ______.

Accepted Answer

A) visualizing 
B) feedback 
C) data collection 
D) research 
A) visualizing 
B) feedback 
C) data collection 
D) research

Question 4

How many blocks compose the Business Model Canvas?

Accepted Answer

A) four 
B) seven 
C) nine 
D) 12 
A) four 
B) seven 
C) nine 
D) 12

Question 5

What is the concept presented by Cameron Herold's book Double Double?

Accepted Answer

A) Vivid Vision 
B) Financial Vision 
C) Exercise Vision 
D) Customer Vision 
A) Vivid Vision 
B) Financial Vision 
C) Exercise Vision 
D) Customer Vision

Question 6

What is described in the market section of the business plan?

Accepted Answer

A) the industry,business structure,and products and services 
B) a description of potential customers and competitors 
C) the overall description of customers and the implementation plan 
D) the operations and customer service 
A) the industry,business structure,and products and services 
B) a description of potential customers and competitors 
C) the overall description of customers and the implementation plan 
D) the operations and customer service

Question 7

What is the best way,during planning,to determine who your competition is? Why is this necessary and valuable?

Accepted Answer

A competitive analysis is the best way t

Question 8

In the order of entrepreneurial activities,business plans come ______.

Accepted Answer

A) at the onset of the business idea 
B) after idea generation,business model canvas,feasibility study,and pitch deck 
C) after the business model but before the feasibility study 
D) after the business model but before the pitch deck 
A) at the onset of the business idea 
B) after idea generation,business model canvas,feasibility study,and pitch deck 
C) after the business model but before the feasibility study 
D) after the business model but before the pitch deck

Question 9

The most complex and time-consuming type of plan is the ______.

Accepted Answer

A) business brief 
B) pitch deck 
C) business plan 
D) feasibility study 
A) business brief 
B) pitch deck 
C) business plan 
D) feasibility study

Question 10

Your Vivid Vision should detail how you plan to reach your idealized future.

Accepted Answer

A) True 
 B)False

Question 11

The feasibility study helps determine whether the idea is a "go" or "no go." ______

Accepted Answer

A) True 
 B)False

Question 12

A business plan must be thought of as a work in progress because nothing goes according to plan.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following helps an entrepreneur make decisions during the initial conceptualization of the venture?

Accepted Answer

A) the Business Model Canvas 
B) the business brief 
C) the feasibility study 
D) the pitch deck 
A) the Business Model Canvas 
B) the business brief 
C) the feasibility study 
D) the pitch deck

Question 14

Describe what a business brief is and how it would be used as part of the entrepreneur's planning process.

Accepted Answer

A business brief is a two- to

Question 15

A plan is a written description of the future you envision for your business,including what you plan to do and how you plan to do it.

Accepted Answer

A) True 
 B)False

Question 16

What is done through the Vivid Vision exercise?

Accepted Answer

A) The entrepreneur tries to imagine what the business will look like 3 years into the future. 
B) The entrepreneur assesses what the business looks like in the present. 
C) The entrepreneur envisions how he or she is going to build the business and the steps needed to take to get there. 
D) The entrepreneur tries to imagine what the business will look like in 10 years. 
A) The entrepreneur tries to imagine what the business will look like 3 years into the future. 
B) The entrepreneur assesses what the business looks like in the present. 
C) The entrepreneur envisions how he or she is going to build the business and the steps needed to take to get there. 
D) The entrepreneur tries to imagine what the business will look like in 10 years.

Question 17

As compared to the Business Model Canvas,the business brief is much more visual but requires less detail.

Accepted Answer

A) True 
 B)False

Question 18

How should you discuss your business's weaknesses when writing your plan?

Accepted Answer

A) By the time you're writing a plan,there should be no weaknesses. 
B) Only include them if you already have a plan to fix them. 
C) Avoid mentioning them. 
D) Be honest,but don't dwell on it. 
A) By the time you're writing a plan,there should be no weaknesses. 
B) Only include them if you already have a plan to fix them. 
C) Avoid mentioning them. 
D) Be honest,but don't dwell on it.

Question 19

Describe why you do or do not believe that writing a business plan would be important to your business success.

Accepted Answer

It will help clarify the elements of the

Question 20

In general,it is not a good idea to use visuals in a business plan.

Accepted Answer

A) True 
 B)False

Eric Ries,author of The Lean Startup,makes what argument regarding planning and forecasting?

There are free tools online that help entrepreneurs distill their plans down into single pages.

Finding a relaxing spot is important for ______.

How many blocks compose the Business Model Canvas?

What is the concept presented by Cameron Herold's book Double Double?

What is described in the market section of the business plan?

What is the best way,during planning,to determine who your competition is? Why is this necessary and valuable?

In the order of entrepreneurial activities,business plans come ______.

The most complex and time-consuming type of plan is the ______.

Your Vivid Vision should detail how you plan to reach your idealized future.

The feasibility study helps determine whether the idea is a "go" or "no go." ______

A business plan must be thought of as a work in progress because nothing goes according to plan.

Which of the following helps an entrepreneur make decisions during the initial conceptualization of the venture?

Describe what a business brief is and how it would be used as part of the entrepreneur's planning process.

A plan is a written description of the future you envision for your business,including what you plan to do and how you plan to do it.

What is done through the Vivid Vision exercise?

As compared to the Business Model Canvas,the business brief is much more visual but requires less detail.

How should you discuss your business's weaknesses when writing your plan?

Describe why you do or do not believe that writing a business plan would be important to your business success.

In general,it is not a good idea to use visuals in a business plan.

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Creating Revenue Models

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

The Pitch Deck

Filters

Exam 10: Planning for Entrepreneurs

Eric Ries,author of The Lean Startup,makes what argument regarding planning and forecasting?

There are free tools online that help entrepreneurs distill their plans down into single pages.

Finding a relaxing spot is important for ______.

How many blocks compose the Business Model Canvas?

What is the concept presented by Cameron Herold's book Double Double?

What is described in the market section of the business plan?

What is the best way,during planning,to determine who your competition is? Why is this necessary and valuable?

In the order of entrepreneurial activities,business plans come ______.

The most complex and time-consuming type of plan is the ______.

Your Vivid Vision should detail how you plan to reach your idealized future.

The feasibility study helps determine whether the idea is a "go" or "no go." ______

A business plan must be thought of as a work in progress because nothing goes according to plan.

Which of the following helps an entrepreneur make decisions during the initial conceptualization of the venture?

Describe what a business brief is and how it would be used as part of the entrepreneur's planning process.

A plan is a written description of the future you envision for your business,including what you plan to do and how you plan to do it.

What is done through the Vivid Vision exercise?

As compared to the Business Model Canvas,the business brief is much more visual but requires less detail.

How should you discuss your business's weaknesses when writing your plan?

Describe why you do or do not believe that writing a business plan would be important to your business success.

In general,it is not a good idea to use visuals in a business plan.

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Creating Revenue Models

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

The Pitch Deck

Filters