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Building a Startup: How much money do you really need?

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Thanks to the Internet, entrepreneurs can now do more than ever before - especially when it comes to building a startup. How much money you really need to build one depends on your startup idea, but most of the time, you would want to bootstrap and build a prototype that gains enough traction for your startup to generate revenue over time. #1 - Ask the Right Questions and Validate Your Startup Idea There was once a senior of mine who wanted to start a business after graduation, but he had no idea how to get started. He did the usual - he Googled for ideas, information about building startups, and he started seeking the advice of others. I was 18 that time, running a website-building business and read a lot of business-related, finance and management books. I introduced him to the lean startup methodology and agile project management because his startup ideas had something to do with software development. He refused to share his idea, choosing instead to give a rough idea of his startup
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GMAT Sample Essays - Spiessa Restaurant Industry Essay Prompt

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The Graduate Management Admission Test, or GMAT, is an important part of the business school application process. We understand how difficult it may be, hence we're providing this resource free for students like yourself taking this GMAT test.  The following is taken from a sample essay prompt (Analytical Writing Assignment Section) of the GMAT: The following appeared as part of an article in the travel section of a newspaper: “Over the past decade, the restaurant industry in the country of Spiessa has experienced unprecedented growth. This surge can be expected to continue in the coming years, fueled by recent social changes: personal incomes are rising, more leisure time is available, single-households are more common, and people have a greater interest in gourmet food, as evidenced by a proliferation of publications on the subject.”
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GMAT Sample Essays 11 - Saluda Natural Spring Water Essay Prompt

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The Graduate Management Admission Test, or GMAT, is an important part of the business school application process. We understand how difficult it may be, hence we're providing this resource free for students like yourself taking this GMAT test.  The following is taken from a sample essay prompt (Analytical Writing Assignment Section) of the GMAT: Laboratory studies show that Saluda Natural Spring Water contains several of the minerals necessary for good health and that it is completely free of bacteria. Residents of Saluda, the small town where the water is bottled, are hospitalized less frequently than the national average. Even though Saluda Natural Spring Water may seem expensive, drinking it instead of tap water is a wise investment in good health." Discuss how well reasoned . . . etc.
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GMAT Sample Essays 10 - Ethical Regulations Essay Prompt

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The Graduate Management Admission Test, or GMAT, is an important part of the business school application process. We understand how difficult it may be, hence we're providing this resource free for students like yourself taking this GMAT test.  The following is taken from a sample essay prompt (Analytical Writing Assignment Section) of the GMAT: The following is an excerpt from a memo written by the head of a governmental department: "Neither stronger ethics regulations nor stronger enforcement mechanisms are necessary to ensure ethical behavior by companies doing business with this department. We already have a code of ethics that companies doing business with this department are urged to abide by, and virtually all of these companies have agreed to follow it. We also know that the code is relevant to the current business environment because it was approved within the last year, and in direct response to specific violations committed by companies with which we were then w
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GMAT Sample Essays 8 - Motorcycle X Essay Prompt

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The following is taken from a sample essay prompt (Analytical Writing Assignment Section) of the GMAT: The following appeared as part of an article in the business section of a local newspaper: Motorcycle X has been manufactured in the United States for more than 70 years. Although one foreign company has copied the motorcycle and is selling it for less, the company has failed to attract motorcycle X customers?some say because its product lacks the exceptionally loud noise made by motorcycle X. But there must be some other explanation. After all, foreign cars tend to be quieter than similar American-made cars, but they sell at least as well. Also, television advertisements for motorcycle X highlight its durability and sleek lines, not its noisiness, and the ads typically have voice-overs or rock music rather than engine-roar on the sound track. Discuss how well reasoned . . . etc.
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GMAT Sample Essays 7 - Acid-Ease Pepticaid Essay Prompt

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The following is taken from a sample essay prompt (Analytical Writing Assignment Section) of the GMAT: The following appeared in an article in a consumer-products magazine: "Two of today's best-selling brands of full-strength prescription medication for the relief of excess stomach acid, Acid-Ease and Pepticaid, are now available in milder nonprescription forms. Doctors have written 76 million more prescriptions for full-strength Acid-Ease than for full-strength Pepticaid. So people who need an effective but milder nonprescription medication for the relief of excess stomach acid should choose Acid-Ease." Discuss how well reasoned . . . etc.
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GMAT Sample Essays 6 - Waymarsh University Essay Prompt

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The following is taken from a sample essay prompt (Analytical Writing Assignment Section) of the GMAT: The following appeared as part of an article in the education section of a Waymarsh City newspaper. “Throughout the last two decades, those who earned graduate degrees found it very difficult to get jobs teaching their academic specialties at the college level. Those with graduate degrees from Waymarsh University had an especially hard time finding such jobs. But better times are coming in the next decade for all academic job seekers, including those from Waymarsh. Demographic trends indicate that an increasing number of people will be reaching college age over the next ten years; consequently, we can expect that the job market will improve dramatically for people seeking college-level teaching positions in their fields.”
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