Entrepreneurship and Start-ups Lecture Notes

Comprehensive flashcards covering entrepreneurship definitions, business structures, funding stages, government schemes, and legal frameworks based on the lecture transcript.

An __________ is a person who starts and manages a business, organizing resources and taking responsibility for outcomes.

Entrepreneur

The process of identified an opportunity, creating a business, and delivering value to customers through innovation is defined as __________.

Entrepreneurship

When employees innovate and build new ideas within an existing company using that company's resources, it is known as __________.

Intrapreneurship

A __________ business structure involves a single owner with unlimited liability.

Sole Proprietorship

While an entrepreneur takes calculated risks and accepts uncertainty, a __________ typically minimizes risk and prefers stability.

Manager

The __________ technique for idea generation uses prompts such as Substitute, Combine, Adapt, Modify, Put to other Use, Eliminate, and Reverse.

SCAMPER

In a SWOT analysis, growing market demand or new tech adoption like AI are considered external and positive __________.

Opportunities

In a SWOT analysis, internal and negative factors such as limited cash runway or skill gaps are categorized as __________.

Weaknesses

The __________ stage of funding in India typically ranges from $₹20\,Cr$ to $₹100\,Cr$ and is used to scale repeatable acquisition channels.

Series A

The __________ stage of funding, usually ranging from $₹1\,Cr$ to $₹10\,Cr$, is focused on finding product-market fit and initial growth.

Seed

The __________ category of MUDRA loans provides up to $₹50,000$ for very early setup tasks like tools and small inventory.

Shishu

The __________ category of MUDRA loans covers the range of $₹5,00,001$ to $₹10,00,000$ for the business growth phase.

Tarun

A __________ structure in an organization is characterized by low hierarchy and direct communication.

Flat

The __________ leadership style is best suited for creative problem solving as it involves team input and shared ownership.

Democratic

The __________ leadership style involves the leader supporting the team, removing blockers, and showing empathy to build trust.

Servant

Starting a business using one's own personal funds without external investment is called __________.

Bootstrapping

To protect a brand name or logo in India, an entrepreneur should apply for a __________.

Trademark

The exit strategy where a company lists its shares on the stock exchange for the public to buy is called an __________.

IPO

The __________ of 2016 is the Indian framework providing a time-bound resolution for financially distressed companies.

Insolvency and Bankruptcy Code

In the M&A process, the stage where a buyer verifies financials, legal docs, IP, and compliance is called __________.

Due Diligence

An __________ pool is a portion of equity, often around $10\%$, set aside for team hiring and retention.

ESOP

Under the IBC 2016, major decisions during the insolvency process are approved by the __________.

Committee of Creditors

Scaling a startup before processes and metrics are set can lead to __________ scaling, which often causes high cash burn.

Premature

A __________ is a strategic change in direction made by a founder based on data, before the company's runway ends.

Pivot

Successful entrepreneurs use __________ and Adaptability to change their strategy based on market feedback without ego.

Flexibility