3. Why is knowing your industry important when starting a new business?

• You are more likely to get into executive development programs
• It improves your chance of getting a business license
• You know the products, suppliers, distribution channels, competitors, and missing pieces
• It gives you confidence but is not a critical factor for success

4. Why is zealous tenacity important?

• Its a fire that drives the venture and allows you to compete
• It attracts key members to the team
• It entices customers to buy your products
• All of the above

5. What is one of the key characteristic of the new career path that is well suited for our changing economy?

• It give you multiple streams of revenue to provide greater financial security
• It puts you at the very center of your own financial future
• It helps compensate for the displacements of jobs in many industries
• All of the above are correct answers