Revenue Generation
What does "B2C" stand for:
Business to Customer
What is "Competitive Advantage" ?
How is my idea different
The first prototype is _____, ____, & ______
Quick , Cheap, & Disposable
When creating a business, three things to think about during the solution process is
_______, _______, &_______
Product, Service, App
Who is an entrepreneur ?
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Buy one pillow, get a blanket free !
What is "Market Competition" ?
What already exists that is
the same or similar to my
idea (your competition)
The purpose of a prototype is to?
Communicate your idea
Entrepreneurs create products, services, and _________
Technologies
What is the main motive of business?
Profit
Free download of app
and offer in-app
purchase and premium
plans
Why do entrepreneurs perform secondary market research ?
to make sure their idea is unique or different and has a
group of people who will buy the product.
true or false
A prototype is the final product to be sold to consumers ?
Definition of a hobby is :
An activity done regularly in one's leisure time for pleasure.
Are entrepreneurs born or made?
both
What is "B2B"
Business to Business
Define "Target Market"
a particular group of consumers at which a product or service is aimed.
Test and Iterate
At college, you share your apartment with your friend Riya. In order to help Riya you give her $200 until she gets her new job and she promises she will it pay it back . What are you giving Riya ?
A loan
What is a "Home-Based Business" :
Run out of ones home
invest money with the expectation of generating a return
True or False Secondary Market research is the first step when developing a business .?
ideas are developed and constantly improved in a cycle called
Iteration
Remember the brainstorming rules:
The more the better and anything goes!
Define a "Budget"
A plan for making and spending money