Entrepreneurship
Vocabulary
Vocabulary
What is an entrepreneur?
A person who starts and runs a business while taking on financial risk in hopes of making a profit.
What is a brand?
messages of trust, they are the essence of a product, service or concept that creates an emotional and psychological relationship with the consumer.
What are angel investors?
These individuals invest their own money into early-stage startups.
What is creative entrepreneurship?
A creative entrepreneur is a person who builds a business or career around their creative skills or passions.
what is market research?
This type of research helps entrepreneurs learn about customers, demand, market size, and competitors.
What is capital?
Money invested into a business by its owners or investors is known as this.
What is a referral program?
strategic marketing tools designed to leverage customer relationships.
What is a venture capitalist?
This kind of investor provides money to startup companies that have a strong future and potential growth, usually in exchange for some sort of ownership.
What is innovation?
Innovation is the process of creating, improving, or implementing new ideas, methods, or products to solve problems or enhance efficiency.
what is a business plan?
This document acts as a roadmap for how business will be structured, operated, and grown.
What is a business plan?
This document outlines a company's goals, target market, finances, and strategy.
What is viral marketing?
This type of advertising relies on customers sharing content with others, causing it to spread rapidly online.
What is bootstrapping?
This means starting and growing a business using your own money rather thna outside investors.
What are examples of creative industries?
Art · Performance Art · Crafts · Music · Film & Entertainment · Advertising & Promotion · Design · Fashion
what is a target market?
This is the group of people a startup plans to serve or sell its product or service to.
What is a startup?
A new business designed to grow rapidly and scale efficiently is called this.
What is a target audience?
The group of consumers most likely to purchase a company's product or service is known as this.
What is equity financing?
When an investor gives money to a startup in exchange for partial ownership of the business.
What is iteration?
The process of repeating a set of instructions or steps multiple times
what is competitive analysis?
This analysis looks at competitors to help a business understand their strengths and find a competitive advantage.
What is innovation?
The process of introducing a new product, service, or idea is known by this term.
What is a promotion?
This marketing strategy consists of a collection of activities to spread and share information regarding a specific brand or service with the maximum number of targeted audiences to increase awareness of the brand or service and increase sales.
What is crowdfunding?
A funding method that raises small amounts of money from a large number of people, often through online platforms.
What is design thinking?
A mindset and approach to problem-solving and innovation anchored around human-centered design.
what is price?
this is the amount a customer pays for a product or service and is an important part of a start ups financial plan.