Customer-Funded Models: Mirage or Mind-Set? Old or New?
8 important questions on Customer-Funded Models: Mirage or Mind-Set? Old or New?
What was unique about the Customer-Funded Model the Zieglers used?
What two sides of the customer-funded coin are the fundamental principles of Customer-Funded models?
What reasons (3) are there to convice your customer to pay you early?
2) You are offering something superior to the rest.
3) Your customer gets something extra for paying sooner.
- Higher grades + faster learning
- Never study anything twice
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What reasons (3 mentioned) are there to convince your supplier to offer you lengthier payment terms?
2) Giving you good terms enables your business to grow into a bigger and better cusomter.
3) The goods you are buying from them may not turn into cash any faster anyway.
About what three topics will business angels ask questions to test the mind-set of a Customer-Funded Entrepreneur?
2) Your Business sense
3) Your target markets and marketing
Which five characteristics do you need as Individual to be a Customer-Funded Entrepreneur?
2) Prove your inexperience or youth is an asset.
3) Conviction to pursue you vision and ignore the naysayers.
4) Natural skill to manage things that go wrong and make them into your advantage.
5) Overdeliver and underpromise.
Which five characteristics show your Business Sense as a Customer-Funded Entrepreneur?
2) Do something differently, not just copying.
3) Capable of delegating.
4) Able to idenity core strengths and built reputation around it.
5) Build on you innate personal capabilities.
Which four characteristics show you know your Target Market and Marketing skills as a Customer-Funded Entrepreneur?
2) Segmenting the market in a sensible fashion.
3) Manage to make the business look bigger than it really is.
4) Quirky enough to reach media, for consumer stuff.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
