Learn the key terms and concepts every aspiring entrepreneur should understand.
A person who starts and operates a business, taking on financial risks in the hope of profit.
A newly established business, typically in its early stages and often focused on innovation or solving a market gap.
A written document that outlines a company's goals, strategies, target market, and financial forecasts.
The process of gathering, analyzing, and interpreting information about a market, including customers and competitors.
A form of private equity funding provided by investors to startups and small businesses with high growth potential.
The process of creating new ideas, products, or methods that add value or improve business performance.
The identification, evaluation, and mitigation of potential risks that could negatively impact a business.
A presentation where an entrepreneur explains their business idea to potential investors or partners.
The point at which total revenues equal total costs, and a business starts to become profitable.
The ability of a business to grow and increase profits without a corresponding increase in costs.