Entrepreneurship Essentials

Froggy Jumps

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Basics of starting a venture

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jela may tesalona

Philippines

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Froggy Jumps Entrepreneurship EssentialsOnline version Basics of starting a venture by jela may tesalona 1 What is a business model? a A fixed price for all products without variation b A plan for how a company creates, delivers, and captures value c A list of employees and salaries 2 Which is the first step in most startups? a Identify a customer problem worth solving b Launch a product with no testing c Hire a large marketing team 3 What is MVP in entrepreneurship? a Many Valuable Prospects b Maximum Valuable Proposal c Minimum Viable Product used to test ideas 4 Which funding stage typically comes after bootstrapping? a Angel or seed funding b Debt consolidation c Public listing immediately 5 What is customer discovery? a Building features nobody asked for b Learning what customers need and will pay for c Creating flashy ads 6 Which metric is crucial for early-stage startups? a Page ranking b Runway (breakeven time and cash) c Total number of employees 7 What describes a value proposition? a A generic slogan b A long technical manual c Clear reason why customers should choose you 8 Which role is essential in a startup team? a Product Manager or founder who aligns vision b A permanent CFO from day 1 c Only external consultants 9 What is customer validation? a Confirming customers will pay for the solution b Creating a business plan only c Relying on gut feeling about sales 10 Why is experimentation important in startups? a To learn quickly and adapt with low cost b To avoid changing anything c To maximize upfront spend

Froggy Jumps

Entrepreneurship EssentialsOnline version

Basics of starting a venture

by jela may tesalona

What is a business model?

A fixed price for all products without variation

A plan for how a company creates, delivers, and captures value

A list of employees and salaries

Which is the first step in most startups?

Identify a customer problem worth solving

Launch a product with no testing

Hire a large marketing team

What is MVP in entrepreneurship?

Many Valuable Prospects

Maximum Valuable Proposal

Minimum Viable Product used to test ideas

Which funding stage typically comes after bootstrapping?

Angel or seed funding

Debt consolidation

Public listing immediately

What is customer discovery?

Building features nobody asked for

Learning what customers need and will pay for

Creating flashy ads

Which metric is crucial for early-stage startups?

Page ranking

Runway (breakeven time and cash)

Total number of employees

What describes a value proposition?

A generic slogan

A long technical manual

Clear reason why customers should choose you

Which role is essential in a startup team?

Product Manager or founder who aligns vision

A permanent CFO from day 1

Only external consultants

What is customer validation?

Confirming customers will pay for the solution

Creating a business plan only

Relying on gut feeling about sales

Why is experimentation important in startups?

To learn quickly and adapt with low cost

To avoid changing anything

To maximize upfront spend

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Entrepreneurship Essentials

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Entrepreneurship EssentialsOnline version

by jela may tesalona

What is a business model?

Which is the first step in most startups?

What is MVP in entrepreneurship?

Which funding stage typically comes after bootstrapping?

What is customer discovery?

Which metric is crucial for early-stage startups?

What describes a value proposition?

Which role is essential in a startup team?

What is customer validation?

Why is experimentation important in startups?

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