Small Business Entrepreneurship
The point at which total cost and total revenue are equal.
What is the break-even point?
Bringing new ideas, methods and products to life.
What is innovation?
This simple definition says entrepreneurship starts with seeing a problem in your life and trying to fix it.
What is the Brent Beshore definition (start by solving your own problem)?
This YC agreement lets startups raise money without setting a valuation right away.
What is a SAFE?
This term refers to using your own money or business revenue to grow a startup instead of outside investment.
What is bootstrapping
It is a roadmap to how the business will start.
What is a business plan?
A company that is in its early stages of development.
What is a startup?
He says entrepreneurship is turning an idea into a real business opportunity.
Who is Jeffery Timmons (Babson)?
These two terms mean company value before new money, and after the new money.
What are pre‑money and post‑money valuations?
An individual who provides early-stage funding, often in exchange for equity, is called this.
Who is an angel investor?
A business structure that protects the assets from lawsuits.
What is a limited liability company (LLC)?
To create and establish new business ideas.
What is innovative entrepreneurship?
Harvard’s Howard Stevenson describes entrepreneurs as people who chase opportunities even when they don’t control the resources. Name the school.
What is Harvard Business School?
This early loan converts into equity in a later priced round, often with a cap or discount.
What is a convertible note?
This type of investor provides large sums of money to startups in exchange for equity, often during Series A or later funding rounds.
What is a venture capitalist?
The group which a company is targeting.
What is the target market?
Economy describes a peer to peer economic model enabling individuals to utilize assistance.
What is the sharing economy?
Guy Kawasaki says entrepreneurship is a mindset for people who want to change this.
What is the future?
To invest in many private deals, people must qualify as this (based on income or net worth rules).
Who are accredited investors?
The term for how fast a startup spends money before reaching profitability.
What is burn rate?
Are tools small companies use to predict the future.
What is financial forecasting (or budget variance analysis)?
Drives positive change by innovating solutions and community challenges.
What is a social entrepreneur?
Myth or fact: Most founders start with a perfect, detailed business plan before doing anything.
What is a myth (real founders validate first)?
Founders getting restricted stock often file this so taxes hit at grant instead of vesting.
What is an 83(b) election?
Popularized by platforms like Kickstarter and Indiegogo, this funding method collects small amounts of money from many people.
What is crowdfunding?