Adobe Captivate
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The Naked Entrepreneur 405
Watch the video above then take the quiz.
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Slide 2 - Naked Entrepreneur - Katherine Hague
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How did ShopLocket start?
A) The idea of ShopLocket was brought to Katherine and she decided to get on board and help develop
the product
B) Katherine had noticed her theme on Shopify wasn’t serving users properly and wanted to find a
better solution
C) The idea came to Katherine in her sleep
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D) It came out of a project she did in her University degree
The correct answer is: Katherine had noticed her theme on Shopify wasn’t serving users properly and
wanted to find a better solution.
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Why was there a low cost of customer acquisition for ShopLocket?
A) There was no low cost to acquisition for ShopLocket
B) There were many competitors on the market but ShopLocket was the best at what they did
C) Customers were getting ready for Kickstarter so ShopLocket helped them prepare their campaigns
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D) Customers had just come off of Kickstarter and were not ready for Shopify. ShopLocket was their
only option at the time to continue sales.
The correct answer is: Customers had just come off of Kickstarter and were not ready for Shopify.
ShopLocket was their only option at the time to continue sales.
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Taking control of situations and working them out through your own hard work as opposed to just
thinking they will all work out is called what?
A) Adversity Quotient
B) External Locus of control
C) Internal Locus of Control
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D) None of the above
The correct answer is: Internal Locus of Control.
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Why did Katherine end up moving to San Francisco after their interaction with Interaxon?
A) It was a pivot for the company
B) Because that is where she was from
C) Her investors made her move the company
D) All of the above
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The correct answer is: It was a pivot for the company.
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When did Katherine experience premature scaling?
A) When she was making greeting cards to sell to teachers at school
B) When she was meeting with crowdfunding sites to get more customers
C) When she was threatening to drop out of school
D) When she successfully exited her company and started a new project with PCH
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The correct answer is: When she was making greeting cards to sell to teachers at school.
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Katherine Hague prefers to take success one step at a time, like climbing a ladder, as opposed to
shooting for the stars right off the bat.
A) True
B) False
The correct answer is: True.
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Katherine Hague considers herself a nurtured entrepreneur as her parents were entrepreneurs and she
naturally fell into the role.
A) True
B) False
The correct answer is: False.
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Katherine Hague believes that you cannot be an entrepreneur whenever you want; she believes you
need to wait for the right time and place.
A) True
B) False
The correct answer is: False.
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Slide 10 - Slide 10
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Katherine Hague believes that an entrepreneur can find true success when you spin limitations into
opportunities.
A) True
B) False
The correct answer is: True.
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Katherine Hague thinks that by promoting within, known as bottom up hiring, you help foster loyalty and
empower employees to work harder for the company.
A) True
B) False
The correct answer is: True.
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ShopLocket was acquired by PCH early in its life cycle and has since been discontinued. Katherine said
that it was the right move for her and her company to sell for a variety of different reasons. If you were
in Katherine’s shoes, would you have sold the company or kept it and grown it more?
Reflect on your reasoning.
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