entrepreneurship glossary

Entrepreneurship Glossary 2019

The entrepreneurship glossary is a complex of the most important and most widely used in the world of entrepreneurship, we will try in this article to clarify the most important.

Entrepreneurship the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.

Entrepreneur a person who sets up a business or businesses, taking on financial risks in the hope of profit. 

Virgin Entrepreneur an entrepreneur at the beginning of his career, he establishes a private business for the first time, and therefore lacks experience and qualification, has no funding source, and always needs tips on how to turn the idea into a successful, scalable and sustainable company.

Social Entrepreneurship entrepreneurship also, but with the aim of reaching a societal rather than a commercial impact, by creating innovative and pioneering solutions to social and environmental problems, often using traditional trade routes to achieve this.

Social Entrepreneur a person knows that there is a problem of social or environmental or cultural more urgent in its vicinity with innovative solutions to it, and uses the principles of the spirit of entrepreneurship to organize and build and manage a project for social change.

Startup Company a newly established company, it is still growing, looking for its market and sources of financing, and seeking to build and consolidate the brand, while building a profitable model to survive and grow.

Unicorn Company a description of startups that are worth more than $ 1 billion, which is considered rare in the business world, just like the existence of an imaginary monolith animal

Decacorn Company it’s basically a term that describes a legendary mythical animal with ten horns, and its called on emerging technology companies, which go beyond the mark of 10 billion dollars.

Hectocorn Company also called Super Unicorn, description called fast-growth technology companies that go beyond the $100 Billion Dollars

GBF stands for getting Big Fast Economists call on companies that are growing exponentially in a short time, depending on new technological innovations.

Lean Startup a new methodology to start startups with less money, time and effort than traditional methods, so as to reduce market risk and avoid the need for substantial initial financing.

Scale-up companies startups that grow at a very fast rate of at least 20% a year, for a period of three years.

FinTech Companies start-up companies use innovative digital techniques; to provide financial solutions are simple and intuitive and less costly, as online payment platforms.

Business Model a business model is a company’s plan for how it will generate revenues and make a profit. It explains what products or services the business plans to manufacture and market, and how it plans to do so, including what expenses it will incur.

Business plan a business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint.

Minimum Viable Product the product/company in its basic form, with the simplified minimum applicable and use and the substantial benefits it performs mainly for the target segment of customers to satisfy their needs.

Prototype transforming the idea of any product, commodity, application or site into an interactive prototype, to appear as the final product when it is reviewed, allowing the idea to be clearly communicated to potential investors during your investment rounds.

 Startup financing funding is provided to the emerging company for use in product development and primary marketing. It is usually a financing for companies that have not yet sold their products in the commercial market.

Bootstrapping personal finance with the self-financial resources, savings and personal income of the entrepreneur himself, it is called seed money, by helping oneself to break into the entrepreneurial world without any external assistance, to establish startups with very limited resources.

Seed financing the pro-funding coming from family and relatives and close friends called the pro-capital, or the initial capital or initial funding Seed money – Seed funding Seed capital, a relatively small amount of money provided to prove the idea, and includes the development of the product and market research.

Angel investors individuals who provide finance and professional experience at an early stage of incorporation, either as a down payment or a continuous subsidy to help the company during difficult times, to support promising new projects for a small shareholding.

Venture investors professional investors, well versed in the ways of establishing companies, provide the necessary financing for the emerging company for a large share of ownership so that they have the right to influence future management decisions.

Crowd Funding a practical alternative to traditional financing methods. The person submits the project online to the public in order to obtain sufficient funding and may contribute to financing more than one person until reaching the required amount for a percentage of the project.

Startup Incubators an organization that aims to embrace start-up companies in their early stage of activity and accelerate their release, mostly by providing support and services from the incubator, or sometimes through the network of relationships and partners, as a form of mentoring where the workplace is provided, training and support services To entrepreneurs, for a low cost or free of charge.

Accordion Management a way of managing the teams in emerging companies by reducing/increasing the number of temporary employees who work hourly or part-time, gives them great freedom under conditions, work schedules, incentives, and incentives, depending on operating conditions, similar to the contraction and breadth of accordion work.       

Co-working spaces a teamwork club, fully equipped to be hired for those who want, to support the concept of entrepreneurship, allowing the entrepreneur to form a strong network of relationships, and allow the opportunity to make new investments through various events.

Profit the goal of all economic projects, and to reach him is the entrepreneur is ready to make the effort and time and the use of funds necessary for investment and risk tolerance, it is the amount of trade gain, resulting from the difference between income and expenditure, if positive is a profit, if negative is a loss.

Sole Proprietorship is the simplest form of ownership in case a project is to be initiated without the owner having a large volume of financial assets.

Partnership a legal company between two or more persons sharing a business ownership for profit, partners sharing profits or losses and usually sharing management responsibilities.

Limited partnership a trade agreement under which daily operations are managed by one or more general partners and financed by limited partners or regulated partners who are legally liable for losses based on their contribution to the Company.

Franchising one form of business start-up, which enables an entrepreneur to use the brand name of another successful company with a well-known reputation in the market, selling its products in an area, In return, he pays an initial fee and monthly installments to the awarding company.