concepts of entrepreneurships
What is the definition of an entrepreneur?
A person who starts and runs their own business
What is a business plan?
A roadmap for the growth and development of a business
What is a target market?
The group of customers that a business aims to attract
What is a unique selling proposition (USP)?
A feature or benefit that differentiates a product or service from competitors
What is bootstrapping in entrepreneurship?
Starting and growing a business with little or no external funding
What is a SWOT analysis?
A strategic planning tool that identifies a business's strengths, weaknesses, opportunities, and threats
What is a business incubator?
A program that provides support and resources for startup businesses
What is the lean startup methodology?
A methodology that advocates for creating a minimal viable product and testing assumptions with customers
What is market research?
The study of consumer behavior and preferences in a specific market
What is the role of a mentor in entrepreneurship?
Offering guidance, advice, and industry knowledge to a startup founder