Technical terms entrepreneurs should know

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Definition of business terms entrepreneurs should know

HELLO guys hope you guys are doing well. My names are Tiako loic verlin(apk master). Am a web entrepreneur.

 

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Today i will be talking about technical terms entrepreneurs should know;

  • Startup's
  • Crowdfunding
  • Incubators
  • Business plan
  • Business model

Startup's are companies or ventures that are focused on a single product or service that the founders want to bring to market.

Crowdfunding:

is the method of financing a business venture,project or cause by collecting small monetary contributions from a large group of people through online platforms.

Incubators:

An investment and support program in which entrepreneurs starting internet business are provided with management advice,access to finance and technical assistance by a network of investors.

Business plan:

It is an executive document that acts as a blueprint or roadmap for a business.

Business model:

The term business model refers to a company's plan for making a profit.

 

Source:Investopedia

 

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