Revolutionary Products
Entrepreneurial Mindset
Trick Questions
Entrepreneurship
FUN FACTZ
100

This product changed the way people read books on their devices

 What is the Amazon Kindle?

100

What is the biggest killer of the entrepreneurial mindset?

Doubt, doubting yourself, your surroundings, and your abilities.

100

Should one make a startup about something they are passionate about?

No, one should find a problem to solve and attack it with passion.

100

Is it expensive to start your own business?

Not necessarily, in fact, one could start their own business on nothing more than a few dollars.

100

What percentage of startups fail?

90%; A study by CBI Insights showed that 9 out of 10 new startups fail, mostly because they have not done market research before they launch their product or service.

200

 Before these cars, all cars strictly operated on gas.

What are hybrid cars?

200

What’s the importance of resilience

You must constantly be correcting and improving yourself in order to be successful.

200

 Is being innovative they key to success?

No, just because you are the first to do something does not mean it will be successful.

200

What is the best form of advertisement for a start-up business?

Simply be exceptional. If you stand out from the rest, people will know you’re the best.

200

How many projects has Kickstarter funded thus far?

Over 115,000 projects since its launch, and angel investors are responsible for raising billions in funds every year.

300

 This helped people not have to vacuum their own homes.

What is the Roomba

300

How can you cultivate a positive attitude for business?

Focus on things you can control

300

Should your startup consume your time?

No, driving your team as well yourself to overexertion is bad for the business as well as the employees.

300

Is this good to base a business on current trends and cultural fads?

No, you need to be at the fore-front, not riding someone else’s coattails.

300

True or False; The founder of the company will often remain as CEO

False; While many founders start their business with the idea of retaining their role as CEO, many quite simply do not have the skills to do so. As a result, some 52% of startup CEOs were removed from their role by the third round of company funding

400

people used to lose their home products, and this helped them be able to find them

 What is the “Tile.”

400

What’s the role of failure for entrepreneurship?

You must accept failure and use it to improve and learn. 

400

Will investors flock to you once you start up your Business?

No, the key to success is how you manage your money, not how much you have.

400

Should I worry about the competition?

Save worrying about the competition for all those in 2nd and 3rd place, all you need to do is concentrate on bettering yourself. 

400

Is an individual often an entrepreneur, and works for himself, his entire professional career?

No; The Harvard Business Review showed that approximately 70% of investors started out by incubating their business ideas while working at a traditional job.

500

People used to have to go to their cars and start them themselves in any given weather and this product made life easier on people.

What are remote start cars

500

How do you continuously improve your entrepreneurial mindset in small ways?

Begin with small decisions in your daily life

500

 Is the key to success mass social media following?

No, it is not about how many followers you have, but rather how many purchasing followers you have.

500

What should I base my business off of? 

You could, in theory, base your business off of just about anything. That being said however, you should try to capitalize on solving an important issue, and then branch out from there.

500

Do startups that are founded by one individual or multiple individuals often have a higher success rate?

Startups with 2 or more founders, a balanced team, or who hire skilled employees to distribute work are more likely to succeed. In fact, single founders take 3.6x longer to reach scale compared to a founding team of two. Balanced teams also raise 30% more money and have an average of 2.9x more growth.