words Flashcards
Lean Startup
A methodology focused on building a business iteratively through rapid prototyping and customer feedback.
Minimum Viable Product (MVP)
The simplest version of a product that can be released to test a business idea.
Customer Segmentation
Dividing the market into groups of customers with similar characteristics or needs.
Bootstrapping
Starting and growing a business with minimal external funding.
Business Plan
A formal document outlining business goals, strategies, and financial projections.
Pitch Deck
A visual presentation to communicate a business idea to potential investors or stakeholders.
Scalability
The ability of a business to grow without being hampered by its structure or available resources.
Angel Investors
Individuals who provide capital to startups in exchange for equity or convertible debt.
Venture Capital (VC)
Financing provided by investors to startups with high growth potential.
Entrepreneurial Mindset
A mindset characterized by innovation, resilience, and opportunity-seeking.
Social Entrepreneurship
Building a business with the primary goal of creating social or environmental impact.
Pivot
A significant change in a business’s strategy, product, or target market based on feedback or market dynamics.
Iteration
The process of continuously refining and improving products, services, or processes based on feedback.
Prototyping
Creating a preliminary version of a product or service to test and validate ideas.
Experimentation
Experimentation is premised on the idea that the external environment exists independently of the entrepreneur’s perceptions and actions.
