Entrepreneurship
The process of identifying and seizing opportunities to create value through innovative ideas, products, or services.
What Is Entrepreneurship
This term refers to the process of improving or modifying existing products, services, or processes to make them more efficient or effective.
What is Innovation
This process involves generating new, original ideas that can lead to breakthrough products or services, often nurtured in creative thinking environments.
What is Creativity
This principle suggests that the most effective leaders not only manage tasks and teams but also continuously foster a culture where employees can take risks and voice opinions without fear of negative consequences.
What is Psychological Safety
This is the process of allocating money or resources to different areas to achieve specific financial goals, such as personal savings, investments, or business operations
What is budgeting
Involves creating new products or subsidiaries within an existing company
What is Intrapreneurship
Platforms like Kickstarter and Indiegogo provide alternative funding sources, allowing entrepreneurs to raise capital directly from consumers.
What is Crowdfunding
This creative strategy in marketing focuses on making a product or service memorable by connecting it to emotions, experiences, or a unique brand personality.
What is Emotional Marketing
This problem-solving strategy involves focusing on the opposite of a problem to gain a fresh perspective and uncover hidden solutions.
What is Inverse Thinking
This method of strategic planning involves setting long-term objectives and then breaking them down into smaller, more manageable goals that can be tracked over time.
What is the SMART Goals Framework
Often a barrier for new entrepreneurs is sometimes known as this.
What is Entrepreneurial fear
This term refers to innovations that create new markets and value networks, often displacing established businesses or products.
What is disruptive innovation
This creative marketing tactic involves telling a compelling tale about a brand, product, or service, often in a way that engages and resonates with consumers
What is Storytelling
This type of thinking involves approaching a problem from a completely different perspective, often involving creativity and breaking traditional boundaries.
What is Thinking Outside the Box
The amount of money a business must pay to cover its operating expenses is known as
What is Operating Cash Flow
The process of identifying and evaluating potential customers to understand their needs and behavior is called this.
What is Market research
This business model, popularized by companies like Uber and Airbnb, allows individuals to share resources or services with others in exchange for compensation.
What is Sharing economy
This term describes the mental state where you’re unable to come up with any new ideas, often caused by stress or pressure.
What is Creative Block
Entrepreneurs with this mindset believe their abilities and intelligence can be developed over time through hard work, dedication, and learning.
What is a Growth Mindset
This type of funding comes from individuals who provide capital in exchange for ownership equity or debt, often at the early stages of a startup.
What is Angel Investing
Is a general, holistic and complete overview of the company's workings, customers, revenue streams and more
What is Business Model Canvas
A company that creates new products and services to meet unmet customer needs is engaged
What is breakthrough innovation
This is when a person’s or organization’s rigid mindset or unwillingness to take risks stifles creative potential and innovation.
What is a Fixed Mindset
This mindset refers to an entrepreneur’s ability to see opportunities where others may see only obstacles, often characterized by optimism and the willingness to take calculated risks.
What is an Opportunity-Seeking Mindset
This block defines the different groups of people or organizations a business aims to serve. A business targets the importance of understanding their needs, behaviors, and demographics.
What is Customer segments