Startup Strategies
What do you call a document that is vital for outlining the goals and future aspirations of a company?
A business Plan
Who is the founder of Apple Who helped revolutionize the computer and smartphone industry
Steve Jobs
This online marketplace, founded by Jeff Bezos in 1994, started as an online bookstore before expanding into a global eCommerce giant
Amazon
Why is important to invest?
Helps diversify income streams
What is the difference between a startup and a small business?
Startups usually plan on having an opportunity to exit
This type of funding involves selling small parts of your business in order to gain funding
Equity Funding
This founder launched an electric vehicle and Space travel company
Elon Musk
The process where a customer places items in a virtual "cart" and completes a purchase is called this
Checkout
What percentage of my income should I be investing?
15-20%
Why does every business need a website?
online presence is necessary
This name describes the early stages of a product, meant to catch the eye of the consumer in a measurable way
Minimum viable product (MVP)
Who is the Harvard student who started a Social Media Platform, now used to connect millions online?
Mark Zuckerburg
Shopify, WooCommerce, and Magento are examples of this type of software that helps businesses sell products online.
E Commerce platforms
Why invest if you are running your own business?
Protects you for the long-run
How do I choose a domain name?
Base it on recognizability
What do you call the marketing strategy that a company implements to focus on a unique segment in an otherwise large market?
Niche Marketing Strategy
This person changed the beauty industry with her unorthodox marketing and care for high-value products
Estee Lauder
This online payment processor, acquired by eBay in 2002 and spun off in 2015, is a popular method for secure transactions.
PayPal
Best investment options for entrepreneurs?
Stock market, Real Estate, Bonds, Mutual Funds
What design elements are the most important?
Logo, UI/UX, color scheme
"Bootstrapping”, a frequent startup strategy refers to primarily funding a company through
Personal Savings and Revenue
These two Stanford Students developed a search engine able to organize the internet
Larry Page and Sergey Brin
The business model where a company sells products directly to consumers via an online store, instead of through retailers, is abbreviated as DTC.
Direct to Consumer
How can I invest in my industry?
Utilize complementary businesses and ideals
How to validate an idea?
Appropriate Market Research