Entrepreneurship - Hook + Overview
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Module 1
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32 Terms
Entrepreneurship
The capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit.
Entrepreneur
An individual who creates a new business, bearing most of the risks, and enjoying most of the rewards.
Ethics
To ensure a level of trust between business and potential customers, this behavior is inherent
Startup
A temporary organization that searches for a repeatable and scalable business model
Early Stage Startups
Spend significant time finding the customer and understanding the problem
Small Business
Started to fill a gap or provide a service, be your own boss
Characteristics of Entrepreneurs
Visionary, Optimistic, Determined, Empathetic, Flexible, Resourceful, Courageous, Passionate, Patient, Creative
Business Model Canvas
A one-page, ever-changing template created to understand a startup in a straightforward and structured way
Design Thinking
The process of creative problem solving; about people
Business Plan
Formal narrative, static, lots of details, slower to update
Pitch
The primary objective is to share information, measure interest, and gather feedback.
BMC Parts
Problem statement
Value Proposition
Customer Segments
Customer Discovery
Channels
Customer Relationships
Revenue Streams
Cost Structure
Key Actvities
Key Partners
Key Resources
Business Plan Parts
Executive Summary
Company Description
Competitive Analysis
Organizational Structure
Target Market (4 P’s)
Financial Management
Key Partners for Success
Long Term Business Vision
Executive Summary
Business Plan 1
Company Description
Business Plan 2
Competitive Analysis
Business Plan 3
Organizational Structure
Business Plan 4
Target Market
Business Plan 5
Financial Management
Business Plan 6
Key Partners for Success
Business Plan 7
Long Term Business Vision
Business Plan 8
Problem Statement
BMC 1
Value Proposition
BMC 2
Customer Segments
BMC 3
Customer Discovery
BMC 4
Channels
BMC 5
Customer Relationships
BMC 6
Revenue Streams
BMC 7
Cost Structure
BMC 8
Key Activities
BMC 9
Key Partners
BMC 10
Key Resources
BMC 11
Note 
Flashcards (57)