Question 1

Based on what you have gathered from the introduction video, which of these is in the correct order?

Accepted Answer

Thought Cycle → Development → Resourcing → Actualization

Answer

Thought Cycle → Resourcing → Development → Actualization

Answer

Actualization → Thought Cycle → Resourcing → Development

Answer

Thought Cycle → Actualization → Development → Resourcing

Question 2

Other than spelling, is there a difference between the word Innovation and Invention?

Accepted Answer

Yes

Answer

No

Question 3

What is the #1 secret to raising money as an entrepreneur?

Accepted Answer

It is a Numbers Game.

Answer

You have to start out wealthy.

Answer

You have to get at least $1 out of everyone you contact.

Answer

If your product is a good enough idea, you do not have to worry about raising money because you will make money by selling your product.

Question 4

According to Mark Cuban (the final speaker in the video) when is the best time to start a business?

Accepted Answer

Any time.

Answer

When the economy recovers.

Answer

Right after you graduate college.

Answer

Once you have been in the work force long enough that you have gained experience and thought of a brilliant idea.

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