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Mini-Quiz: Getting Idea of a Business to Start

by Ron Kurtus (updated 19 May 2012)

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

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1. Why do many businesses evolve from a hobby?

They don't, because there is no money in hobbies

Because there is passion and involvement in the hobby

Most who have time for hobbies are unemployed and looking for work

2. If you want to open a restaurant, why check out others in the area?

To see what is offered and the demand for eating out in the area

To copy their menus and offer their popular dishes

To ask for free samples of their food

3. How should your idea be different than your competitors?

You just need to be in a different location

It is best to copy competitors in every way possible

Your idea should provide something your competitor doesn't provide

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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Look for new ideas

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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: Getting Idea of a Business to Start

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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

Also see

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

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Use your knowledge and skills to help others succeed.

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Take care of your health

Seek knowledge and gain skills

Do excellent work

Be valuable to others

Have utmost character

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