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What is the significance of having proof of concept in a startup business?
What is the significance of having proof of concept in a startup business?
- To guarantee that your product will be successful without any further marketing efforts
- To ensure you have enough money to invest in marketing
- To confirm that people are interested in your product or service (correct)
- To establish a physical store for your business
What is the purpose of setting smart objectives according to the text?
What is the purpose of setting smart objectives according to the text?
- To increase the complexity of your business goals
- To delay progress in your business by setting vague goals
- To make your objectives specific, measurable, achievable, realistic, and timely (correct)
- To ensure that your goals are unattainable
How can a startup business go about getting proof of concept?
How can a startup business go about getting proof of concept?
- By receiving positive feedback and testimonials
- By conducting extensive market research
- By setting specific and unique goals to achieve relative success (correct)
- By setting general and vague goals
What is one strategy mentioned in the text that smart online business owners use before developing a product?
What is one strategy mentioned in the text that smart online business owners use before developing a product?
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In the context of the text, what does MVP stand for?
In the context of the text, what does MVP stand for?
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Why is it important to attach a number to your goal when establishing proof of concept?
Why is it important to attach a number to your goal when establishing proof of concept?
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What does 'smart objectives' stand for in the context of the text?
What does 'smart objectives' stand for in the context of the text?
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What does having 'proof of concept' mean for a startup business?
What does having 'proof of concept' mean for a startup business?
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