Business Model
What is a business model?
A business model is a plan that explains how a company creates, delivers, and captures value, including how it operates and makes money.
What is bootstrapping?
Bootstrapping is when an entrepreneur starts and grows a business using their own personal savings or revenue, without outside investment.
What is one form of marketing to help advertise a small business?
Social Media Marketing.
What is operations and growth?
It is the strategic alignment of business processes, data, and technology to fuel company expansion.
What is opportunity recognition?
It is the entrepreneurial process of identifying, evaluating, and acting on unmet market needs, trends, or problems to create new, profitable products or services.
What is a target market.
A target market is the specific group of customers a business aims to serve, based on shared characteristics like needs, demographics, or interests.
What are angel investors?
Angel investors are individuals who provide their own money to fund startups, usually in the early stages, in exchange for ownership or equity.
What is something that customers look for when looking at a companies marketing?
Customers look for authenticity, transparency, and value in marketing. They value the trustworthiness over polished advertising.
What is market expansion?
Expanding into new geographic markets using existing capabilities is this type of growth.
What is opportunity recognition known for doing?
Opportunity recognition is known for identifying unmet market needs, solving problems, and evaluating the potential for new, profitable business ventures.
What is the subscription model
A subscription model is a type of business model where customers pay regularly to keep using a product or service instead of paying just once.
What is equity financing?
Equity financing is raising money by selling shares of the company, giving investors partial ownership in return for capital.
What is market segmentation?
This refers to dividing a broad market into smaller groups based on shared characteristics.
What are economies of scale?
If revenue grows faster than costs due to high fixed cost leverage.
What is pattern recognition?
This ability allows entrepreneurs to connect unrelated trends to identify new business opportunities.
What is the Business Model Canvas?
The Business Model Canvas is a strategic tool that outlines key parts of a business, including value propositions, customers, activities, and revenue sources.
What is venture capital?
Venture capital is funding provided by firms or investors to high-growth startups in exchange for equity, often with the goal of scaling quickly.
What is cost leadership?
This strategy emphasizes being the lowest cost producer in an industry.
What is the Theory of Constraints?
A company improves throughput not by adding capacity everywhere but by focusing only on the constraint.
What is market blind spot?
This happens when existing competitors overlook a small but growing customer segment.
What is a value proposition?
A value proposition is a clear statement explaining how a product or service solves a customer’s problem or provides unique benefits compared to competitors.
What is crowdfunding?
Crowdfunding is raising small amounts of money from a large number of people, typically through online platforms.
What is penetration pricing?
A company lowers prices to quickly gain market share and discourage competitors.
What is revenue management?
A company increases prices to intentionally reduce demand and better match limited capacity.
What is an entrepreneurial mindset?
This mindset focuses on seeing problems as opportunities rather than obstacles.