Jhon Allen
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Question of
What is the first step in starting a new business?
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Create a business plan
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Register your business
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Secure funding
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Choose a business name
Correct Wrong
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Question of
Which of the following is crucial when creating a business plan?
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Listing all your favorite hobbies
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Defining your target market
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Choosing the most expensive office location
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Deciding on a logo
Correct Wrong
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Question of
What should you research before starting your business?
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The best time to go on vacation
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Competitors and market demand
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Popular music trends
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Fashion trends
Correct Wrong
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Question of
Why is it important to secure funding for your startup?
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To buy luxury items
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To cover initial expenses and operational costs
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To advertise on social media
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To impress friends
Correct Wrong
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Question of
What is one way to validate your business idea?
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Conducting market research
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Asking friends for their opinions
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Watching TV commercials
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Choosing a random name for your business
Correct Wrong
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Question of
Which of the following is a common source of funding for startups?
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Crowdfunding
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Winning a lottery
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Selling your car
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Finding money under your couch
Correct Wrong
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Question of
When starting a business, why is it important to choose the right legal structure?
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To get a business license
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To determine tax liabilities and legal responsibilities
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To make your business look professional
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To choose office furniture
Correct Wrong
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Question of
What is a minimum viable product (MVP)?
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A prototype with just enough features to meet the initial needs of customers
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The final product after years of development
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An idea that has not yet been tested
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A product that you can only use for a short time
Correct Wrong
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Question of
How should you approach building a customer base?
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By offering high discounts on your first products
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By focusing on customer needs and providing excellent service
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By sending spam emails
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By using generic advertising
Correct Wrong
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Question of
What is a common mistake new entrepreneurs make?
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Not doing enough market research
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Choosing a catchy business name
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Hiring too many employees too quickly
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Setting high prices from the start
Correct Wrong
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