Business Definitions
This is the group of people a business wants to sell to.
What is Target Market?
This is a symbol or picture that represents a business.
What is a logo?
Entrepreneurs on Shark Tank ask the Sharks for this to help their business grow.
What is an investment?
This type of thinking helps entrepreneurs solve problems in creative ways.
What is creative thinking?
The money a business has left after paying expenses.
What is profit?
This is the written plan that explains goals, costs, and how a business will succeed.
What is a Business Plan
These are strategies businesses use to get people to notice and buy their product, such as ads, social media, and posters.
What is marketing?
This Shark is the owner of the Dallas Mavericks and is known for tech & sports investments.
Who is Mark Cuban?
A brand-new idea for a product or service.
What is an innovation?
Money owed by a business, like loans or credit.
What is debt?
This is the amount of money a business earns from selling products before expenses are taken out.
What is Revenue?
The way customers think and feel about a business, including its reputation, style, and personality.
What is a brand?
When multiple Sharks want to invest and compete to get the deal, it is called this.
What is a bidding war?
A small, early version of a product used for testing.
What is a prototype?
The price a business charges customers for a product.
What is pricing?
The money needed to start a business.
What is Startup Capital?
This is a catchy saying or phrase a company uses to help people remember them, like “Just Do It.”
What is a slogan or tagline?
This is the percentage of a company an entrepreneur offers to a Shark in exchange for money.
What is equity?
This protects an invention so others can’t copy it.
What is a patent?
When a business spends more money than it makes, it is operating at a…
What is a loss?
This term describes the cost of running a business, including things like rent, supplies, and salaries.
This short phrase explains what makes a business special compared to others.
What is Unique Selling Proposition (USP)?
Sometimes Sharks don’t invest money, but instead offer expert help, advice, and connections. This is called giving
What is strategic support or mentorship?
When a business creates something so new it changes an entire industry, it is called this type of innovation.
What is a disruptive innovation?
This is the prediction of how much money a business expects to make in the future.
What is a financial forecast?