Vocabulary for Rookie Entrepreneurs: 21 concepts.

VOCABULARY FOR ROOKIE ENTREPRENEURS ENGESH EDMON CONCEPTS Which are the main concepts? Startup 2 Business Model “A human institution designed to create something new under conditions of extreme A business model describes the rationale of how an organization| creates, delivers, and captures value. uncertainity." Eric Ries "A startup is an organization formed to search for a repeatable and scalable business model." Steve Blank Business Model Canvas 3Lean Startup The Business Model Canvas is a strategic management template for developing new or documenting existing business models. It was proposed by Alexander Osterwalder Method "The Lean Startup provides a scientific approach to creating and managing startups and get a desired product to customers' hands faster."Eric Ries MVP: Minimum Viable Product 6 Pivot "The minimum viable Pivot is a shift of business product is that version of a new product which allows a team to collect the maximum model based on validated learning. amount of validated learning + Right Way Wrong Way about customers with the least effort." Eric Ries How do I generate a business idea? 7Design Thinking A method of problem-solving strategy wherein the data collected is expressed visually in order to create new strategies, ways and methods to solve problems, create opportunities or strengthen weaknesses. g'Validated Learning "It is the process of demonstrating empirically that a team has discovered valuable truths about a startup’s present and future business prospects." Eric Ries How do I communicate my business idea? nouncement HALK 19 Pitch iate ALK An entrepreneur's explanation of his/her uca e business model, directed at anyone who might USTEA want to provide funding for the entrepreneur's EAD startup. It lasts one to three minutes. 1OStorytelling The interactive art of using words and actions to reveal the elements and images of a story while encouraging the listener's imagination. The vocabulary related to $$$ earn money & funding?... I Monetization It is the way how your startup generates revenues. Angel 12Crowdfunding 3 Juvestor Is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or Is the collective effort of individuals who network and pool their money to support efforts initiated by other people or organizations. ownership equity. Ok.… And the concepts related to make business deals? 14B2B) I5824) Business to Business BUSINESS TO COSTUMER Is the exchange of products, services, or information between businesses. Is the sale of goods and services from individuals or businesses to the end-user. It sounds exciting!…… I want to be a CEO like Zuckerberg, by the way, what does CEO mean? :) 16 CEO СЕО 17 CFO Chief Executive Officer is the Chief Financial Officer is the senior-most executive highest-ranking corporate officer (executive) or administrator in charge of total management of an organization. responsible for financial control and planning of a firm or project. 18COO 19 CTO Chief Operations Officer is the executive responsible for the day-to-day running of the critical departments of an organization. Chief Technical Officer is responsible for research and development and possibly for new product plans. 20 CIO 2) CMO Chief Marketing Officer is a corporate executive responsible for marketing activities in an organization. Chief Information Officer is the executive responsible for development, implementation, and operation of a firm's information technology policy. Designed by: www.ciudaddelacreatividad.com | Twitter: @citycreatividad | September 2013 Sources: http://wikipedia.com http://steveblank.com/2010/01/25/whats-a-startup-first-principles/ http://theleanstartup.com/principles http://www.businessmodelgeneration.com http://www.startuplessonslearned.com/2009/08/minimum-viable-product-guide.html http://www.businessdictionary.com http://www.investorwords.com/1684/elevator_pitch.html#ixzz2fl0d0SRY http://www.letresearchwork4you.com/2011/04/25/the-definition-of-storytelling/ http://searchcio.techtarget.com/definition/B2B. http://www.talentanet.com/blog/index.php/que-es-un-ceo-un-cfo-o-un-cool http://searchcio.techtarget.com/definition/CEO-and-others http://www.businessdictionary.com/definition/chief-financial-officer-CFO.html