Miami University Startups
A company that provides a healthier version of protein bars that are described as eating 3 egg whites, 2 dates, and 6 almonds.
What is RXBar?
What is the testing of a physical product called?
What is prototyping?
What percentage of businesses fail by the end of the fifth year?
What is 50%?
Why is a business plan important while starting?
Having a business plan while starting a business is very important because it keeps everything organized. Without one things will get complicated and messy.
Name the most successful start-up as of right now?
What is Airbnb?
A company that creates high quality swimsuits as a travel wardrobe to empower women to live in the moment.
What is Akinda Co?
What is the process of gathering customer information to get a target customer idea?
What is Market Research?
How much does the average mico-business cost to start?
What is $3,000?
How do you stay productive while starting a business or creating a product?
It is important to set daily goals to keep yourself and other people around you on track.
Name two predictors of entrepreneurial success that can be seen in someone during their teen years?
What is Juvenile delinquency and anti-social behavior?
A company that uses the same materials in their outerwear that NASA uses to insulate their spacecraft.
What is OROS?
What is the simplest form of a marketable idea intended to be sold as a product?
What is Minimal Viable Product?
When do the most successful startup entrepreneurs write their business plan?
What is right before the product is ready for market?
How should equity be divided amongst co-founders?
It is important to split the profits equally.
Who is the highest paid CEO in the world?
Who is Elon Musk?
A coffee shop in Oxford, Ohio that was created as a space for Miami University students to lounge, study, and socialize.
What is Kofenya?
The practical element of developing a product or idea.
What is Design?
In Harvard University’s required reading, The Entrepreneurial Method, the author advocates that entrepreneurs are most successful in what type of markets?
What is creating entirely new markets?
What are some of the biggest mistakes that start up entrepreneurs make?
People take too long to launch their business or product, underestimate the amount of money they need for their start up, they do not research their competition, and many more.
List attributes that an effective start-up CEO would have?
What is has vision, leads their team, and manages time effectively?
An apparel company that showcases one's pride in being from the midwest.
What is My State Threads?
Use of a small scale sometimes controlled release of a product or idea to gain perspective on preliminary responses or customers.
What is Test Marketing?
In the initial stages of angel-investing for a startup business, what is the average investment size?
What is $1.7 million?
What do you need to know about financial statements?
You need to have an understanding of a balance sheet, cash flow statement, and statement of operations.
Do most start-up founders stay on as CEO after the first year?
No