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Mini-Quiz: Be First or Be Better When Starting Your Business

by Ron Kurtus (19 September 2015)

Take this Mini-Quiz to check your understanding of the lesson material.



1. Do all first products take a long time to be successful?

Yes, as indicated by the time it took Amazon to earn a profit

There are no statistics to indicate one way or another

No, since the Gillette safety razor was almost immediately successful

2. When might providing a better service than others not result in success?

A new company with a better service will always come out on top

If the market is too crowded to make a profit

When you advertise on television

3. What is needed for a new type of product to be successful?

There must be a pent-up demand for such a product

Nothing new can succeed these days

It should be priced close to being free

If you got all three correct, you are on your way to becoming a Champion Entrepreneur. If you had problems, you had better look over the material again.


Be unique and better


Resources and references

Ron Kurtus' Credentials

Websites

Entrepreneur Resources

Books

Top-rated books on Starting a Business

Top-rated books on being an Entrepreneur


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Do you have any questions, comments, or opinions on this subject? If so, send an email with your feedback. I will try to get back to you as soon as possible.


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