Myths
To succeed, do entrepreneurs have to do this?
What is work 24/7?
___ of small businesses start with less than $5,000.
This supports in expansion into foreign and overseas markets.
What are VC funds?
An important factor for startup entrepreneurship.
What is Location?
Raise the trial-to-paid conversion rate by ___ in the second half of the year.
What is 5%?
Entrepeneurs take these type of risks?
What are uncalculated risks?
____ of small startup owners are women.
What is 23.4%?
This is establishing partnerships in order to come up with the funds for your business.
What is bootstrapping?
How can personal liability be reduced?
What is registering your startup as a limited liability company?
A product vision describes the future state of a product that a company or team desires to achieve. You can also define that future state as a goal. T/F
What is true?
This is how most entrepreneurs start their companies.
What is a breakthrough idea?
____ % of startups are home-based
What is 50%
This is the percentage of women that receive VC funding
What is 2.3%
What has become a viable way for people to get access to the cash that is necessary to move forward with a startup?
What is crowdfunding?
Smart goals will help succeed with overall business for product goals. T/F
What is true?
Most entrepreneurs have this prior to starting their company.
What is years of experience?
The number of new business applications reached a record high at ____ in 2021.
This is the way to communicate your ideas to other employers
What is professional networking?
What administration offers loans for startups?
What is U.S. Small Business Administration?
Double the average weekly time in account by ___ in the second half of the year
What is two times?
What is millions in venture capital?
____ of entrepreneurs stated that money is their major motivation.
What is 8%?
This invests in private companies
What is private equity?
What are some of the best ways to Value a startup company?
What are, Cost to duplicate, market multiples, discounted cash flow, and valuation by stage?
How many new global markets should the product span into?
What is 5 global markets>