5 types of entrepreneurship
The main goal for this type of entrepreneurship is to make the world a better place
What is Social
This is when your business is just a idea or thought
What is seed stage
This company appeared on shark tank as "doorbot" and was just aquired by amazon for 2 billion dollars
what is Ring
This startup begins as a result of splitting from another company
what is Offshoot
what are some drawbacks to social entrepreneurship
what is a loss in profit margins
This type of entrepreneurship focuses on inventions and ideas to change the world
what is Innovation
This is the process of maintaining and establishing your products and services
What startup was created by a 19 year old Harvard student and has a movie about the process
what is Facebook
This type of startup people work for themselves and are essentially freelance workers
what is Lifestyle startup
what is one of the biggest challenges startups face today
what is running out of money
This type of entrepreneurship focuses on acquiring companies to avoid the slow moving process of creating a new sector
What is Big Business
This is the stage where the focus is maintianing your business long term and keeping up with any innovation
what is Established stage
This startup was started as a movie rental company and became one of the largest streaming services in the world
what is Netflix
this type of startup starts their business with intent to be bought
what is Buyable startup
what percent of startups are successful each year
what is 10%
This type of entrepreneurship focuses on preserving the company and conservative accounting
what is Small Business
this stage your business growth begins to lag so you looks for possible expansions
what is Expansion stage
This start up was founded by the richest person in the world with the goal of making space travel more affordable
what is space X
This type of start up begins with the intention to make the world a better place
what is Social startup
How can companies avoid the declining stage?
what is innovate into newer markets
This type of entrepreneurship focuses on creating business opportunities that will revolutionize the world
what is Scalable
This stage your sales and profit begin to fall
what is decline stage
This startup was originally a 24 hour livestream of its founders life
what is twitch
this type of start up begins with a self-starters or parntership
small business startup
What is the most important part of the seed stage?
What is refining your idea and making sure it works with your skills, experience, and passion