Entrepreneurship Terms Flashcards

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entrepreneur

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someone who starts a business and takes risks in order to make a profit

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He was one of the entrepreneurs of the 80s who made their money in property.

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start-up

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a new business in its early stages of development

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He transformed the business from a startup into the world's biggest mobile company.

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business plan

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a roadmap outlining a business's goals, strategies, and financial projections

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We are going to pitch our business plan next week.

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financial forecast

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a projection of future financial performance based on historical data and market analysis

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target market

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the specific group of people a business aims to sell its products or services to

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customer,

consumer

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a person or organization that buys goods or services

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client

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someone paying for professional services (legal, financial advice) from a company

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marketing

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the activities to promote and sell a product

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funding

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financial resources provided to support a business or project

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revenue

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the income generated by a business from its operations