Vocabulary for Describing Entrepreneurship and Start-ups
Here are some common terms used in entrepreneurship and start-ups, along with their definitions:
- Entrepreneurship: The process of starting and running a new business, including identifying a market opportunity, developing a product or service, and building a company.
- Start-up: A new company, typically in the early stages of development, with a focus on growth and innovation.
- Lean Startup: A methodology for developing and launching new products or businesses, emphasizing rapid iteration and customer feedback.
- Business Plan: A written document that outlines a company’s goals, strategies, market analysis, and financial projections, as a means of securing investment or loans.
- Pitch Deck: A visual presentation used to pitch a business idea to potential investors, including information about the market opportunity, product or service, team, and financial projections.
- Seed Capital: Early-stage funding for a start-up, typically from friends and family, angel investors, or venture capitalists.
- Venture Capital: Investment in high-growth, high-risk start-ups, typically in exchange for equity in the company.
- Angel Investor: An individual who invests their own money in start-ups, typically in exchange for equity in the company.
- Incubator: A program or organization that provides support and resources for early-stage start-ups, including office space, mentorship, and access to funding.
- Accelerator: A program or organization that provides intensive support and resources for high-potential start-ups, including mentorship, access to funding, and exposure to potential customers and partners.
- Bootstrapping: The process of starting and growing a business with limited resources, often relying on personal savings, customer revenue, and other forms of non-equity financing.
- Scalability: The ability of a business to grow and increase its revenue and profits as it expands.