History of Entrepreneurship
The process of starting a business is called this.
What is entrepreneurship?
This is the most sought-after trait in leaders, according to a global IBM survey.
What is creativity?
This type of venture often includes jobs like Uber driving, lawn care, or roadside fruit stands.
What are survival ventures?
Angel investors primarily focus on this aspect of your pitch, above all else.
What is the investment opportunity?
This type of financing involves starting a business with minimal external funding.
What is bootstrapping?
This event allowed people to settle in one place and trade goods like food and clothing.
What is the Agricultural Revolution?
Fear of this often stops people from sharing ideas because they worry about what others think.
What is being judged?
An independent hair salon or a local hardware store is an example of this type of venture.
What is a lifestyle venture?
This key metric indicates how much it costs to gain a single paying customer.
What is customer acquisition cost?
When bootstrapping, entrepreneurs often prioritize this over rapid growth to conserve resources.
What is profitability?
This invention made trade easier by replacing bartering with coins and other valuables.
What is money?
This process involves breaking challenges into small, manageable steps to build confidence.
What is guided mastery?
This type of venture emphasizes steady expansion and development of a regional brand.
What is a managed growth venture?
Angel investors often avoid this popular investment vehicle due to its lack of early-investor protections.
What is a SAFE note?
Bootstrapped startups often rely on these instead of loans or equity financing.
What are personal savings or revenue?
This trader helped bring the Arabic number system to Europe, making trade simpler.
Who is Leonardo Fibonacci?
This approach encourages venturing into unfamiliar situations to discover insights and creative breakthroughs.
What is exploring the messy unknown?
Ventures like SpaceX or Facebook fall into this high-growth, innovation-driven category.
What are aggressive growth ventures?
A realistic pitch should include financial projections and justify this important component, often a dealbreaker for investors.
What is the valuation?
his type of funding is typically avoided by bootstrapped businesses because it dilutes ownership.
What is venture capital?
These early businesses in medieval towns allowed people to buy and sell goods like food and clothing.
What are marketplaces?
This mindset helps people overcome fears and act on their ideas to drive innovation.
What is creative confidence?
Approximately this percentage of start-ups are survival or lifestyle ventures.
What is 85%?
Angel investors want to know if the capital you’re raising will provide enough of this, ensuring you can reach your next financing round without issues.
What is runway?
In a bootstrap strategy, entrepreneurs often focus on this type of market to ensure a steady customer base with lower competition.
What is a niche market?