Target Market
Elevator Pitch
Pitching/Presenting
Entrepreneurial Mindset
Myths and Questions
100

What is a target market?

  • – a group of consumers who share common characteristics.
100

How long should an elevator pitch be?

30 seconds to a minute

100

What slide tells the audience what issue you are trying to solve?

Problem slide

100

What habit allows entrepreneurs to be more successful due to being productive during the quiet hours of the day?

Waking up early

100

  1. True or false? Most successful entrepreneurs take wild, uncalculated risks in starting their companies.

  1. False

200

How do I define my product’s target market?

activity, interest, and opinion.

200

Who should we aim to connect with?

Our audience

200

A good pitch clearly expresses your idea and what its impact will have, ultimately showing investors what?

Proof of Concept 

200

What is the ability to make quick and objective decisions in the face of responsibility?

Decisiveness

200

  1. True or false? The more common practice is to self-fund their business and seek loans from friends and family.

True

300

What is a consumer market?

  • - individuals or households that purchase goods and services for personal use.
300

What is the AIDA structure

Attention, Interest, Desire, Action

300

What part of the pitch says how your idea will make money?

Business model

300

What habit is to divide long-term visions in short-term steps of accomplishment to stay focused and responsible?

Goal setting

300

How do entrepreneurs move forward even without the resources?

along the way they’ll find a way to acquire them.

400

What is a business market?

  • businesses or organizations that purchase goods and services
400

How quickly is a first impression formed? 

1/10th of a second

400

What startup document includes these things: intro, problem, solution, market size, and ask?

Pitch Deck

400

What is the strategic thing to do that allows you to build more meaningful relationships in the business world?

Networking

400

  1. What are the 3 points of startup entrepreneurship?

  1. Transformation of an IDEA into a commercial opportunity.


    • Taking advantage of opportunities without regard for availability of resources.

    • It is the mindset of individuals who want to change the future.

500

 What makes the best entrepreneur?

- PASSION

500

What approach should you aim for?

8th grade/PhD approach. 

500

What is the initial version of the product called used to get some user feedback?

Minimum Viable Product(MVP)

500

What entrepreneurial strength is laying out the possible strengths and possible downsides before just making a gamble?

Calculated risk

500

  1. T or F? Most entrepreneurs have some kind of expertise -- like accounting -- but haven’t started a business previously.

true

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