10. What should you do if your idea fails one of the viability checks?

Modify the idea or try a different one

4. Which of the following is an example of “Examine Existing Solutions”?

Group chats get buried → create a dedicated matching platform

2. What’s the first step before brainstorming solutions?

Write a clear problem statement

5. What does “Niche Down” help you do?

Create specific solutions for specific situations

7. Which of these is a 'wild combination' example for SAT prep?

SAT prep + food delivery = order a tutor like pizza

1. What is the main goal when choosing a solution to a problem?

Find a solution you can actually build and people will pay for

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Business Questions - Creation Solutions

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Answers

1
10. What should you do if your idea fails one of the viability checks?
Start over from scratch
Keep going anyway
Modify the idea or try a different one
Raise money from investors
2
4. Which of the following is an example of “Examine Existing Solutions”?
Study bootcamp with exercise breaks
Group chats get buried → create a dedicated matching platform
Find partners at 11 PM
Turn SAT prep into a game
3
2. What’s the first step before brainstorming solutions?
Research your competitors
Pick your favorite app for inspiration
Write a clear problem statement
Sketch a logo
4
5. What does “Niche Down” help you do?
Avoid market competition
Build something for everyone
Lower your costs
Create specific solutions for specific situations
5
9. Which solution type requires the least technical skills to get started?
Service Solutions
Information Solutions
Digital Solutions
Physical Solutions
6
6. Which GENERATE technique focuses on reducing the number of actions a user must take?
Explore Wild Combinations
Reverse Everything
Adapt from Other Industries
Eliminate Steps
7
3. In the GENERATE method, what does 'G' stand for?
Grow fast
Go Extreme
Get feedback
Generalize
8
8. Which of the following is a red flag during the Finance Check?
Breaks even after 10 sales
Needs more than $500 to start
Customers will pay $10
Product can be built in two weeks
9
7. Which of these is a 'wild combination' example for SAT prep?
SAT prep for night owls
SAT prep + food delivery = order a tutor like pizza
A Chrome extension for distractions
Matching based on commitment level
10
1. What is the main goal when choosing a solution to a problem?
Find a solution that uses the newest technology
Find the most impressive idea
Find a solution that’s free to build
Find a solution you can actually build and people will pay for

Business Questions - Creation Solutions Flashcards | StudBud