Question 1

What are the benefits of using visuals in a business plan?

Accepted Answer

A) They allow you to exaggerate your financial projections. 
B) They are a good way to break up the text. 
C) They help you avoid typos. 
D) They help you avoid the exaggerated hockey stick. 
A) They allow you to exaggerate your financial projections. 
B) They are a good way to break up the text. 
C) They help you avoid typos. 
D) They help you avoid the exaggerated hockey stick.

Question 2

What type of plan are traditional investors and bankers likely to require?

Accepted Answer

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

Question 3

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 4

According to the text,you are not ready to decide whether a business idea is viable until you have talked to at least 50 potential customers.

Accepted Answer

A) True 
 B)False

Question 5

If your plan is not described in a formal document,chances are you do not really have a plan.

Accepted Answer

A) True 
 B)False

Question 6

What question are you answering in your plan when you describe the needs your product or service fulfills for your customer,the problems you are solving for them,and any evidence you have to show that your potential customers will want to buy your offering?

Accepted Answer

A) Who is your customer? 
B) How big is the market? 
C) How will you enter the market? 
D) Who is your competition? 
A) Who is your customer? 
B) How big is the market? 
C) How will you enter the market? 
D) Who is your competition?

Question 7

An entrepreneur must create a single business plan that will work for all audiences.

Accepted Answer

A) True 
 B)False

What are the benefits of using visuals in a business plan?

What type of plan are traditional investors and bankers likely to require?

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

According to the text,you are not ready to decide whether a business idea is viable until you have talked to at least 50 potential customers.

If your plan is not described in a formal document,chances are you do not really have a plan.

What question are you answering in your plan when you describe the needs your product or service fulfills for your customer,the problems you are solving for them,and any evidence you have to show that your potential customers will want to buy your offering?

An entrepreneur must create a single business plan that will work for all audiences.

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

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

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

Filters

Exam 10: Planning for Entrepreneurs

What are the benefits of using visuals in a business plan?

What type of plan are traditional investors and bankers likely to require?

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

According to the text,you are not ready to decide whether a business idea is viable until you have talked to at least 50 potential customers.

If your plan is not described in a formal document,chances are you do not really have a plan.

What question are you answering in your plan when you describe the needs your product or service fulfills for your customer,the problems you are solving for them,and any evidence you have to show that your potential customers will want to buy your offering?

An entrepreneur must create a single business plan that will work for all audiences.

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

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

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

Filters