Startup Mindset
Something that changes with the initial product as the company learns from their mistakes and adapts
What is the Hypothesis?
This strategy involves offering a limited-time deal or discount to attract new customers and create buzz.
What is "Flash Sale Marketing"?
The founders had made changes based on what the customers wanted, instead of refocusing to different markets and trying to find a different audience.
What strategy did Pinterest use to build their app?
Yes, extremely. They need to recognize the issues of burnout.
Is self care important to an entrepreneur?
Ford Motor Company
Henry Ford is famous for creating the assembly line, in the car industry he created, which was that?
Something that changes with the initial product as the company learns from their mistakes and adapts
What is "pushing the boundaries"?
A non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test.
What is “design-thinking”?
They focused directly on the Iphone market and used psychological techniques to establish 4.5 billion downloads.
What did the Angry Birds founders do to make their game an instant success?
Steve Jobs
Who was the famous entrepreneur that started small creating computers for the average user and created one of the biggest tech companies in the world?
Amazon
Jeff Bezos is the founder of what company?
Something entrepreneurs should do in order to come up with original ideas
What is brainstorming?
The practice of obtaining information or input into a task or project by enlisting the services of a large number of people, either paid or unpaid, typically via the internet.
What is “crowdsourcing”?
The company prioritizes creating products that women want, not following the beauty standard. Additionally, with excellent branding and affordable prices, the company is worth 400 million today.
How did Glossier’s goal create so much success?
Hybrid
What is a work style that a worker should get used to and be able to adapt to?
Starbucks
Howard Schultz is the founder of a coffee shop that has become an international powerhouse, and is a household name in the US. Which company is this?
Something Entrepreneurs must do when change occurs
What is acting and planing ahead?
the method of diagnosing a problem and coming to a solution with your product or service,
what is problem centric approach
Garrett Camp and Travis Kalanick invented this business by trying to fix San Francisco’s traffic problems.
How did Uber start up?
You will probably need a loan, and it’s okay to spend money but that will not be good to blow through everything really quickly. Stick to the essentials in the beginning.
Should you be money conscious in the beginning, or just spend anything to get started?
Larry Page and Sergey Brin are the co-founders of what search engine changed our way of organizing and accessing information on the internet?
The balance an entrepreneur must contain in order to be healthy and successful
What is "life and work"?
Investing in the development of your team's skills and knowledge to stay ahead in a rapidly changing business landscape.
What is continuous learning?
He would utilize the app and deliver the things he needed to himself. This allowed him to critique the app and create the best version that he possibly could.
What did the creator of Insta Cart do to improve his app?
No, don’t make ill advised decisions.
Should you hire your friends based only on relationships?
Elon Musk
Who is the founder of SpaceX and Tesla?