10.8: Review Questions
What is pivoting?
2 .How is pitching different in the lean startup method?
3 .What is the lean startup process?
4 .What are some examples of an MVP?
5 .What is the success rate of businesses in the first two to ten years of life in the United States?
6 .How can an entrepreneur learn from failures?
7 .Which gender experiences more fear about opening a business? Why do you think it they are more fearful?
8 .What are some of the realities of business ownership?
9 .How can entrepreneurs deal with these negative realities?
10 .What percentage of businesses last five years or more?
11 .What percentage of US businesses are minority owned?
12 .What is a lean plan and what are its components?
13 .What are some of the items or sections that do not have to be included in a lean plan?
14 .What kind of lifecycles do businesses go through? Why?
15 .How does each phase affect business decisions?