Podcast
Questions and Answers
Which of the following is NOT included in a concept statement?
Which of the following is NOT included in a concept statement?
- Features of the product or service
- Target market
- Financial projections (correct)
- Potential problems
What is the purpose of a pitch deck?
What is the purpose of a pitch deck?
- To create a formal business plan
- To analyze the industry
- To present to potential investors (correct)
- To gain customer insight
Why is it important to research the industry?
Why is it important to research the industry?
- To identify competition (correct)
- To create financial projections
- To find potential customers
- To develop a concept statement
What is the value of writing a formal business plan?
What is the value of writing a formal business plan?
What is the recommended approach when it comes to planning documents?
What is the recommended approach when it comes to planning documents?
What should entrepreneurs prioritize over writing planning documents?
What should entrepreneurs prioritize over writing planning documents?
What is the purpose of a pitch deck?
What is the purpose of a pitch deck?
Why is it important to research the industry?
Why is it important to research the industry?
What is the value of writing a formal business plan?
What is the value of writing a formal business plan?
What is the recommended approach when it comes to planning documents?
What is the recommended approach when it comes to planning documents?
What should entrepreneurs prioritize over writing planning documents?
What should entrepreneurs prioritize over writing planning documents?
Which type of plan is often called the 'launch plan' and is used to get next meetings with potential investors, apply to incubator programs, win competitions, and secure funding?
Which type of plan is often called the 'launch plan' and is used to get next meetings with potential investors, apply to incubator programs, win competitions, and secure funding?
What is the purpose of a business model canvas?
What is the purpose of a business model canvas?
Which plan type is a tool that allows entrepreneurs to assess if they have the time, energy, abilities, and resources for their business idea?
Which plan type is a tool that allows entrepreneurs to assess if they have the time, energy, abilities, and resources for their business idea?
Which plan type is a concise, professional document that is 2-3 pages in length and is used with investors, advisors, and other stakeholders?
Which plan type is a concise, professional document that is 2-3 pages in length and is used with investors, advisors, and other stakeholders?
Which plan type is the most formal planning document that is required by traditional investors and bankers?
Which plan type is the most formal planning document that is required by traditional investors and bankers?
What is the main focus of a feasibility study?
What is the main focus of a feasibility study?
What is the main purpose of a pitch deck?
What is the main purpose of a pitch deck?
What is the recommended length for a business brief?
What is the recommended length for a business brief?
What is the recommended length for a pitch deck?
What is the recommended length for a pitch deck?
What should entrepreneurs focus on when writing a business plan?
What should entrepreneurs focus on when writing a business plan?
Flashcards
Concept Statement Exclusions
Concept Statement Exclusions
Financial projections are not typically included in a concept statement.
Pitch Deck Purpose
Pitch Deck Purpose
A pitch deck is used to present to potential investors and secure funding.
Industry Research Importance
Industry Research Importance
Researching the industry helps you understand competition and opportunities.
Business Plan Value
Business Plan Value
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Planning Document Approach
Planning Document Approach
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Entrepreneur Priority
Entrepreneur Priority
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Business Model Canvas Purpose
Business Model Canvas Purpose
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Feasibility Study Purpose
Feasibility Study Purpose
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Business Brief Length
Business Brief Length
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Pitch Deck Length
Pitch Deck Length
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Business Plan Focus
Business Plan Focus
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Launch Plan
Launch Plan
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Feasibility Study Focus
Feasibility Study Focus
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Pitch Deck Main Purpose
Pitch Deck Main Purpose
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Business Brief
Business Brief
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Business Plan
Business Plan
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