Pitch
The short ninety second version of your business idea that will quickly hook investors
What is fast pitch/ elevator pitch
the belief that abilities, intelligence, and skills can be developed through effort and persistence?
What is a Growth Mindset?
The main clients and people a business works with
Who are key partners?
This type of work had a shift towards it that was accelerated due to the COVID-19 pandemic.
What is remote work?
When Sam pushes Owen to stop guessing and actually talk to real cyclists, she’s reinforcing this basic entrepreneurial step.
What is customer discovery?
The part of a pitch where you say a shocking fact or short story to grab attention
What is Hook?
Someone who does something because it is purposely fulfilling
What is the meaning of Intrinsic motivation?
The process of dividing a company's target market into distinct groups is known as?
What is customer segmentation?
The centuries-old economic ideas that have remained unchanged even as entrepreneurship evolves over millennia.
What are supply and demand?
Sam shares stories of her previous failed businesses with Owen, showing him that ideas collapse when they don’t offer this essential component customers truly desire.
What is a strong value proposition?
The end of a pitch where you clearly state what you want such as funding, mentorship, or a follow up meeting
What is Call to action/ ask?
the belief in your ability to achieve goals through your own actions
What is the meaning of Self efficacy?
The pathways through which a company interacts with customers
What are channels?
The tool that has recently revolutionized many different industries, that helps automate processes.
What is AI (Artificial Intelligence)?
Lisa becomes frustrated because Owen keeps sinking time and money into a polished product without testing whether anyone wants it. Her concern reflects the importance of this lean development tool.
What is a minimum viable product (MVP)?
The statement in your pitch that differentiates you and answers why anyone should care
What is value proposition?
the ability to recover from failure
What is Resiliency?
The various ways companies bring in money
What are revenue streams?
The first known trading between humans took place in this place in around 17,000 BCE.
Where is New Guinea?
When Sam pushes Owen to stop obsessing over his original idea and instead observe the unmet needs cyclists actually talk about, she’s teaching him this key entrepreneurial skill of identifying openings in the market.
What is opportunity recognition?
The part of the pitch where you explain how your business will make money
What is business model?
the quote "i am the master of my fate i am the captain of my soul" can be used as an example
What is Self efficacy ?
The composition and outline of a business's expenses that it is referred to as...
What is cost structure?
During the period from 1550 to 1800, after Columbus “discovered” the New World, entrepreneurs were known more as these nouns.
What are merchants and explorers?
Sam guides Owen to rethink his assumptions entirely after discovering his target customers don’t want what he built. Her approach leads him to execute this critical strategic shift.
What is an opportunity to pivot?