| Entrepreneurial Mindset | Top Startup Companies | Successful Entrepreneurs | Growth | Startup Entrepreneurship Statistics |
|---|---|---|---|---|
|
A set of skills that allow individuals to pinpoint and take advantage of opportunities, be resilient and thrive regardless of the circumstances.
Define an entrepreneurial mindset
|
Doordash
What company began as helping businesses make deliveries easier?
|
an entrepreneur
Someone who organizes and undertakes the risk of starting a new business venture is called____?
|
Cross selling and Upselling
What are the only two ways you can increase sales?
|
~3 million
How many jobs did startups create in the U.S.?
|
|
The Entrepreneurial Mindset Profile (EMP)
What measures a set of constructs that differentiates entrepreneurs from non- entrepreneurs?
|
Peloton- Barnes and Noble ecommerce CEO began this idea off of personal frustration with the gym.
What company began when they realized an instructor based workout class was much more beneficial than a self-guided workout at the gym?
|
an idea book
What is the first step in the process of sparking your own creativity to start a business?
|
50/50
What is the proper balance of time/effort on marketing and sales?
|
2%, from 18% to 20%
How much does the success percentage go up for an entrepreneur that failed the first time?
|
|
Cognitive biases; includes confirmation bias (they hear what they want to hear), self-serving bias (if something good happens it is credited to your doing), the planning fallacy (believe that they can accomplish more in a short period then they can), and escalation of commitment (working harder and investing more money in a failing venture with hope of success)
What are the downsides of an entrepreneurial mindset?
|
Snowflake
Which company has rapidly grown as they received funding from Salesfroce and has partnered with apple and microsoft?
|
leadership, critical thinking, obsession with customers, and passion.
What traits did Jeff Bezos have that made him the successful entrepreneur he is today?
|
Customer Relationship Management
What is the most influential department when building connections with customers?
|
90%
What percent of startups fail?
|
|
Yes, but only in an experiential manner (experience is the only way to build
Can an entrepreneurial mindset be taught?
|
Good American. A clothing company based on the idea that all women deserve size inclusive clothes.
What startup has received popularity because of its co-founder celebrity Kim kardashian?
|
beginning with the end in mind, defining a routine, and planning your financial runway.
What are three things startup entrepreneurs should do to help them achieve success?
|
Persistence, overcoming fear of failure
What is the strongest skill to have in building growth?
|
83.1%
What percent of U.S. business owners started the company?
|
|
You have to be flexible and adaptable; you must have the ability to see change before it happens while constantly developing and improving.
How do you develop an entrepreneurial mindset?
|
Robinhood. Is a stock trading app that allows the user to trade freely.
What startup was created to “break financial barriers” specifically in the brokerage industry?
|
a creative, communicative, and highly motivated mindset.
Entrepreneurs should have what kind of mindset?
|
Knowing your customer
What is more important, knowing the market or knowing your customer?
|
No need for the product or service in the market
What is the number one reason why startups fail?
|
Support Us on Ko-fi