When Screening Ideas, an Entrepreneur Would Ask All of the Following

question 131

Short Answer

When screening ideas, an entrepreneur would ask all of the following questions except
is the idea marketable?
does this idea have a high entrance cost?
does this idea create or add value for the customer?
does the idea provide a sustainable competitive advantage?
is the idea financially viable?

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Definitions:

Anticipating Questions

The practice of predicting and preparing answers for potential inquiries from an audience or clients.

Rehearsing Answers

The practice of preparing and practicing responses to questions or situations in advance.

Poise

The quality of being calm, confident, and controlled, especially in a demanding situation.

Good Judgement

The ability to make sensible decisions based on a comprehensive understanding of a situation, considering all relevant factors and potential consequences.