The Mindset (Maryiam)
This is a person who starts a new business and takes on financial risk in hope of profit.
What is an Entrepreneur?
71% of CEOs started their businesses using ____.
What is personal savings?
Many people become entrepreneurs because they want more of this with their schedule and life.
What is freedom?
A specific group of customers a business aims to reach and serve based on characteristics, behaviors, or preferences.
What are Customer Segments?
Something different that creates value.
What is Innovation?
This is the term for the "problem" an entrepreneur wants to solve for a customer to make their life easier.
What is a Pain Point?
According to the data, entrepreneurs were more likely to start a company with this type of person than with a family member.
What is a close friend?
This is the possibility of making more money by owning your own business.
What is financial opportunity?
The ways a company sells or delivers its product or service to customers, such as online, in store, or through apps.
What are Channels?
This is something new or revised that sets someone/something apart from an already existing market and makes it better (usually more cost efficient as well).
What is a differentiator?
Unlike a "Fixed Mindset," this type of mindset believes that skills can be learned through hard work and practice.
What is a Growth Mindset?
According to the statistics, this family member was the most common entrepreneurial influence growing up.
Who is a father?
Some people become entrepreneurs because they want to turn this into a career.
What is a passion?
The different distinct sources, channels, or methods a business uses to earn money from its customers, including sales, subscriptions, or fees.
What are revenue streams?
These people are non conformists, have original ideas, take actions to champion them, stand up and speak out, drive creativity through the world, etc.
What is an Original Thinker?
This term describes an entrepreneur’s ability to "bounce back" or keep going after a failure or a mistake.
What is Resilience?
24% of Inc. 500 CEOs waited at least how long before taking a paycheck from their company?
What is 3 years?
This is the desire to create something new or solve problems in a different way.
What is innovation?
The most critical actions a company must take to operate successfully, create value, and generate revenue.
What are key activities?
Things that get in the way of creative thinking, and create roadblocks that prevent things from progressing in a project.
What are Innovative Barriers?
This is the process of testing a business idea quickly with very little money to see if it works before fully launching.
What is Bootstrapping (or Lean Startup method)?
Only this combined percentage of entrepreneurs started their first business after the age of 40.
What is 10%?
Many entrepreneurs are motivated by this feeling of wanting to achieve big goals and prove themselves.
What is ambition?
Outside companies, suppliers, or partners that help a business function, reduce risks, and acquire resources.
What are key partnerships?
This is the type of innovation that best covers how well the problem and domain are defined.
What is Sustaining Innovation?