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Entrepreneurship
20 flashcards for entrepreneurship
20
Other
Undergraduate 1
10/23/2023

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Term
Entrepreneurship
Definition
The process of creating, developing, and managing a business or venture, typically with a focus on innovation and risk-taking.
Term
Entrepreneur
Definition
An individual who identifies opportunities, takes calculated risks, and assembles resources to create and manage a business.
Term
Start-up
Definition
A newly established company or business venture that aims to bring innovative products or services to market.
Term
Business Plan
Definition
A formal document outlining the goals, strategies, and financial projections of a business.
Term
Innovation
Definition
The creation or adoption of new ideas, products, services, or processes that drive business growth and competitiveness.
Term
Market Research
Definition
The process of gathering and analyzing data about potential customers, competitors, and the market to make informed business decisions.
Term
Value Proposition
Definition
The unique benefit or value that a product or service offers to customers, setting it apart from competitors.
Term
SWOT Analysis
Definition
An assessment of a business's Strengths, Weaknesses, Opportunities, and Threats to inform strategic planning.
Term
Pitch Deck
Definition
A concise presentation that provides an overview of a business to potential investors, often used in funding pitches.
Term
Bootstrapping
Definition
Building and growing a business with limited external funding, typically relying on personal savings and revenue.
Term
Venture Capital
Definition
Funding provided by venture capital firms to start-ups and high-growth businesses in exchange for equity ownership.
Term
Angel Investor
Definition
An individual who provides capital and mentorship to early-stage businesses in exchange for ownership or equity.
Term
Cash Flow
Definition
The movement of money in and out of a business, critical for financial stability and operations.
Term
Scale-up
Definition
The process of expanding a business to reach a larger market, often involving increased production and staffing.
Term
Elevator Pitch
Definition
A brief, compelling overview of a business or idea that can be delivered in the time it takes to ride an elevator.
Term
Disruptive Innovation
Definition
A new product or service that disrupts or transforms an existing market or industry.
Term
Lean Startup
Definition
A methodology for developing businesses and products, emphasizing minimal viable products and rapid iteration.
Term
Intellectual Property
Definition
Legal rights that protect creations of the mind, such as patents, trademarks, and copyrights.
Term
Franchise
Definition
A business model in which an entrepreneur can buy the rights to operate a proven business under a recognized brand.
Term
Exit Strategy
Definition
A plan outlining how an entrepreneur intends to transition out of or realize the value of their business, typically through sale or merger.
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