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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

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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.

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Be unique and better

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Resources and references

Ron Kurtus' Credentials

Websites

Entrepreneur Resources

Books

(Notice: The School for Champions may earn commissions from book purchases)

Top-rated books on Starting a Business

Top-rated books on being an Entrepreneur

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Where are you now?

School for Champions

Entrepreneurship topics

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

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Entrepreneur topics

Basics

• Levels of Starting a Business
• Starting an Occasional Business
• Going in Business for Yourself
• Types of Entrepreneurial Enterprises

Getting started

• Getting Idea of a Business to Start
• Deciding to Start Your Own Business
• Be First or Be Better
• Start the Right Kind of Small Business

Case studies

• Starting Dell Computers
• Starting FedEx
• Starting Mary Kay

Also see

• Entrepreneurship Survey Results
• Growing Your Business
• eCommerce
• Marketing

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Let's make the world a better place

Be the best that you can be.

Use your knowledge and skills to help others succeed.

Don't be wasteful; protect our environment.

You CAN influence the world.

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Live Your Life as a Champion:

Take care of your health

Seek knowledge and gain skills

Do excellent work

Be valuable to others

Have utmost character

Be a Champion!