Post by assnzida011 on May 18, 2024 2:35:14 GMT -3
30/09/2019 Blog 11 Terms That Entrepreneur Candidates Must Know If you are just starting out in entrepreneurship, there are some terms you need to know to be successful in this process. Rather than literal meaning, these terms consist of process definitions that will be very useful for you in realizing your idea. So what are these terms? Lean Enterprise The lean startup method, which Eric Ries, a Yale University graduate and Silicon Valley entrepreneur, started using and has achieved success in many startups; It is the name given to the process of creating a small prototype of the product or service, presenting it to customers, instead of long research or R&D studies, and shaping the initiative according to the positive or negative feedback from the customers. The idea presented to the customer with the simplest prototype reduces the entrepreneur's cost.
By being able to shape itself according to needs, it ensures that the initiative moves forward with the right steps. Business model Dubai Email List Business model is the name given to the common language presented by Alexander Osterwalder for the formation of business plans. Osterwalder uses the following definition for the business model: “A business model is a logic model that defines how a company creates, distributes, and achieves financial sustainability.” Although 'Canvas Business Model' is generally used, these models may vary depending on the needs of your idea. Canvas Business Model includes 9 main items defined by Alexander Osterwalder; customer segments, value proposition, channels, customer relationships, revenue stream, key resources, key activities, key partnerships and cost structure. Since all information about the venture is seen in detail on the Canvas business model, it allows investors to get to know the venture more easily. Also, seeing all the details makes brainstorming easier. The DNA Model, another model, consists of 3 main items including design, needs and wishes.
Although it is a good model for the beginning, it is not a sufficient model for both the entrepreneur and the investor in the future. SWOT Analysis It is a strategic method used to determine the strong and weak features within the product and the dangers that may come from outside during the design phase of an initiative or a project. This method, which was first used by Stanford University in 1960 when analyzing the top 500 companies for Fortune Magazine, is a method that people can use to know themselves better and improve their weaknesses, as well as a project. After determining the strengths of the idea through SWOT analysis, various measures are sought against weaknesses and threats to ensure the growth of the enterprise. Fintech (Financial Technology) Fintech combines financial transactions with technology; It is the name given to initiatives that enable fast and secure transactions such as mobile payment, money transfer, income and expense tracking, credit and crowdfunding.
By being able to shape itself according to needs, it ensures that the initiative moves forward with the right steps. Business model Dubai Email List Business model is the name given to the common language presented by Alexander Osterwalder for the formation of business plans. Osterwalder uses the following definition for the business model: “A business model is a logic model that defines how a company creates, distributes, and achieves financial sustainability.” Although 'Canvas Business Model' is generally used, these models may vary depending on the needs of your idea. Canvas Business Model includes 9 main items defined by Alexander Osterwalder; customer segments, value proposition, channels, customer relationships, revenue stream, key resources, key activities, key partnerships and cost structure. Since all information about the venture is seen in detail on the Canvas business model, it allows investors to get to know the venture more easily. Also, seeing all the details makes brainstorming easier. The DNA Model, another model, consists of 3 main items including design, needs and wishes.
Although it is a good model for the beginning, it is not a sufficient model for both the entrepreneur and the investor in the future. SWOT Analysis It is a strategic method used to determine the strong and weak features within the product and the dangers that may come from outside during the design phase of an initiative or a project. This method, which was first used by Stanford University in 1960 when analyzing the top 500 companies for Fortune Magazine, is a method that people can use to know themselves better and improve their weaknesses, as well as a project. After determining the strengths of the idea through SWOT analysis, various measures are sought against weaknesses and threats to ensure the growth of the enterprise. Fintech (Financial Technology) Fintech combines financial transactions with technology; It is the name given to initiatives that enable fast and secure transactions such as mobile payment, money transfer, income and expense tracking, credit and crowdfunding.