Revenue Model
_________is the most common and oldest revenue model seen among the businesses. In this method, profits and overhead charges are added to the cost price of the good to determine the selling price.
Markup
Your company will charge these people for the services they need.
customers
Corporate Entrepreneurship is...
It is similar to startup entrepreneurship but instead it has to do with bigger companies.
Startup Entrepreneurship is...
A young company or small business.
This percentage of small businesses fail.
90%
_________ revenue model makes use of the price difference in two different markets of the same good. Securities, currencies, and/or commodities are bought in one market and then sold in another at a higher price. Profits are made from the temporary price difference made between the two markets.
Arbitrage
This is necessary to understand customer behavior.
market research
Reasons why we need corporate entrepreneurship.
Growth, increase productivity, source of competition, and employee recruitment
Opportunities a startup should go for...
One should jump at any opportunity like; investors, social media, foreign markets, ect…
Signs a company is failing.
They aren't profitable anymore.
______ revenue model is common among inventors, creators, and intellectual property owners which grant a license to use their name, products or services at a predetermined or recurring cost.
Licensing
This is how your company makes money.
Business model
Characteristics of an entrepreneur
Courageous, curious and open minded, not driven by financial motives, and resilient.
Way to protect ideas within a startup business.
Patent
Failure rate of startup businesses.
50%
______ revenue earning model is a type of transactional revenue model where a party charges commission for every transaction/action it mediates between two parties or any lead it provides to the other party.
Commission
If you want someone to pay for something, then you have to satisfy this requirement.
Customer's needs
Corporate Entrepreneurship is also referred to as...
Intrapreneurship
A patent is...
A patent is the granting of a property right by a sovereign authority to an inventor.
What does it mean when the price is less than the Cost of Good Sold.
Lose money every time selling something.
_____ is a great example of recurring revenue strategy. It is a common strategy for SAAS, entertainment providers, and hosting companies such as Netflix, YouTube, etc. to charge a fixed subscription fee for services.
Subscription model
In order to make everyone work efficiently, you need to have this within the company.
Shared vision
3 enablers of corporate entrepreneurship.
people, process, and place.
Ways to get customers.
Advertising, free trial, etc
3 Step Sequence each startup has in their framework.
The first step clarifies entrepreneurs’ current goals, the second evaluates their strategies for attaining those goals, and the third helps them assess their capacity to execute their strategies.