What Is Entrepreneurship
This term refers to the process of starting a new business to solve a problem or meet a need.
What is entrepreneurship?
This document outlines a company’s goals, strategies, and financial projections
business plan
The process of turning ideas into new or improved products or services.
innovation
Money used to start or expand a business.
capital
He founded Microsoft and helped bring personal computers to homes and offices.
Bill Gates
A person who organizes, manages, and assumes the risks of a business is called this.
Entrepreneur
This describes the specific group of customers a business aims to serve.
target market
The mindset that encourages looking at problems from new perspectives.
creative thinking
Individuals who invest their own money in startups in exchange for equity.
angel investors
She is the founder of Spanx and became one of the youngest self-made female billionaires.
Sara Blakely
The first stage of entrepreneurship where you identify a problem or opportunity
idea generation (or opportunity recognition)
The amount left after all expenses are subtracted from total revenue.
profit
This model helps visualize how a business creates, delivers, and captures value.
Business Model Canvas
The amount of ownership (shares) an investor receives in exchange for funding.
equity
This entrepreneur is known for founding Tesla and SpaceX.
Elon Musk
This type of entrepreneurship focuses on solving social or environmental issues rather than maximizing profit.
social entrepreneurship
A short, persuasive summary of your business idea, often delivered in under 60 seconds.
elevator pitch
When a new product disrupts an existing market and replaces older solutions.
disruptive innovation
Funding provided by professional investors to early-stage companies with high growth potential.
venture capital
The founder of Amazon, originally started as an online bookstore.
Jeff Bezos
This is the ability to take calculated risks while remaining resilient and adaptable.
entrepreneurial mindset
This is the ownership structure where two or more people share responsibility and profits.
partnership
The stage in product development when you build a small-scale version to test your idea.
prototyping
The stage of business growth when a company expands into new markets or products.
scaling (or scale-up stage)?
This entrepreneur started Alibaba and became a symbol of e-commerce innovation in China.
Jack Ma