Are you a young, aspiring entrepreneur with dreams of taking the business world by storm? Then, you’re in the right place! Just like the popular TV show Shark Tank, where budding entrepreneurs pitch their ideas to investors, you need to be familiar with some key business terms to succeed in your start-up journey.
1. Entrepreneur
An entrepreneur is the mastermind behind a business idea, willing to take risks to turn it into reality.
2. Pitch
Think of a pitch as your opportunity to tell a captivating story about your business idea to potential investors.
3. Investment
Investment occurs when someone injects money into your business to help it grow, often in exchange for a share of the profits.
4. Equity
Equity represents ownership in a business. When you give away equity, you’re giving away a portion of your company.
5. Valuation
Your business’s valuation is its estimated worth, which can vary depending on several factors.
6. ROI (Return on Investment)
ROI is like a report card for your investments, indicating their performance.
7. Equity Stake
The equity stake is the ownership share an investor receives in return for their investment.
8. Runway
Runway signifies how far your business can go before it needs more funding.
9.Burn Rate
The burn rate signifies how quickly a start-up uses its available funds.
10. Bootstrapping
Bootstrapping means building a business without external funding, relying on personal savings and revenue.
11. Blue Ocean Strategy
The Blue Ocean Strategy refers to creating new, uncontested markets rather than competing in existing ones.
12. Churn Rate
The churn rate is a vital metric for businesses, especially those offering subscription-based products or services. It reveals how quickly customers are leaving, expressed as a percentage.
In the world of entrepreneurship, knowing these terms is like having a secret code that unlocks doors to opportunities. Whether you dream of pitching your business on a show like Shark Tank or launching your start-up, this knowledge will serve as your compass on your entrepreneurial adventure.
Tags: Student Entrepreneurs, Shark Tank, Business Terms, Entrepreneurship, Investment, Start-ups, Business Lingo, Shark Tank, Shark Tank India, Business Knowledge, Shark Tank Vocabulary, Business Vocabulary, Shark Tank Season 3, Shark Tank 3
