Entrepreneurship Key Terms
Learning Objective
I can define key entrepreneurship terms like venture, revenue, and market.
Key Concepts
At the beginning of a startup, common stages include idea stage, prototype, and MVP (minimum viable product).
A business model explains how and why a company will earn money, while a business plan states when and how much money will be earned.
Bootstrapping refers to investing your own money into a business, while other funding options include incubators, accelerators, and angel rounds.
Practice Questions
This lesson includes 12 practice questions to reinforce learning.
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1. Define the term 'venture' in the context of entrepreneurship.
2. What is 'revenue' and why is it important for a startup?
3. Explain the concept of a 'market' in entrepreneurship.
...and 9 more questions
Educational Video
21 Startup terms YOU NEED TO KNOW! | Part 1 | ft. @SonyPicturesEntertainmentIndia
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