You have decided, you will establish your company and for this you will increase the number of meetings, but very soon at the first trade fair you will participate in, you will realize that you will have to acquire new knowledge. The community of entrepreneurs and the broader entrepreneurial ecosystem, including business angels and creative actors, use a vocabulary that is often understood only within their community.
The words entrepreneurship often come from English words, which makes it even more difficult for those who do not know Shakespeare’s language to understand. Here is the anthology.
A/B testing
A/B testing is a testing method that is often used in marketing (inbound and outbound). The principle consists of proposing two versions, observing the results and repeating based on them.
“I will participate in networking” :
THE networking, this means attending meetings where it is easy to build a network of relationships, especially for professional purposes. At these kinds of meetings, which are often initiated by clubs or salons, you should know that there are many candidates and that you will have to stand out. The round tables are organized so that in one to two hours you can meet as many people as possible and exchange your business cards in order to develop your business.
“Excellent field!” :
Have you subscribed to the traditional word presentation? Well, you will adopt this one without realizing it! A pitch is an express presentation (in a few sentences at most) of your business project. Every entrepreneur must be able to explain in a concise but relevant way how their product/service works. It is often marked as a feature of presentations to business angels or during competitions. This form of presentation from the United States, also called Elevator pitch, is a very short oral presentation that allows you to explain the project in a few sentences and thus get to the point.
Loves money:
It literally translates as“money of love” and is defined according to “emotional savings nearby”. This is the money of loved ones, family and friends, who then become shareholders of the company. Love money is also called “3 C’s” : relatives, friends and strangers!
Business angels:
These are people who invest part of their money in a young company to which they give advice. His main motives are the search for capital gains or the desire to encourage the creation of tomorrow’s leading companies.
“I did the first round of the table” :
It is not about introducing or questioning the participants at the meeting, but when fundraising is carried out, “first round of discussion” allows you to raise money to finance your project. This first round of financing is often done with loved ones (Love money) or business angels.
“I set my activity in Bootstrap mode” :
In traditional language, this word means capital. The entrepreneur creates his business without resorting to external financing, only with his own funds, his personal cash flow.
Closure:
The final stage of the investment (or sale), after which all legal documents are signed, financial investors pay the funds and the transaction is completed.
Disrupt:
Bring about change and innovation by disrupting sector habits.
Equity funds:
They represent the amount of investment of the business creator and his partners during the creation of the company. In particular, they provide a guarantee for creditors who finance the remainder of the investment required to establish the company.
Fundraising:
It is about the procedure of inviting external investors in order to collect the funds necessary for the development of the company.
Benchmarking:
This is a systematic method of evaluating competing offers or companies that are recognized as leaders. The goal is to identify, analyze and adopt the best practices of the most successful organizations.
WCR – Required working capital:
It refers to the difference between business assets and a company’s liabilities. In most cases, it represents the need for financing that the company is facing. We generally refer to it to mark the difference between the payment terms of your customers and those of your suppliers.
Panel
AND ” board” of directors is the board of directors (or executive board) that collectively oversees the organization’s activities.
initial capital
Start-up capital refers to funds provided by investors to finance the start-up of a business.
- Crowdfunding: this word means crowdfunding. This is a technique for financing business creation projects that generally uses the Internet to connect investors and project managers.
- A story that tells: it makes the speech more lively (eg a lawyer helping companies in trouble, with a happy ending at the end with the client breaking the deadlock). Telling a story makes the story more engaging and memorable, but it also allows it to resonate with someone you know.
- Unicorn: a start-up whose value exceeds one billion dollars.
- Coworking: Indicates a workspace shared by several companies in the same location. If coworking was originally reserved to refer to companies working in ” open space », increasingly points to a workspace where companies are encouraged to meet and where interactions are created.
- Scalability / Scalability: the product’s ability to adapt to change in scope and size as the start-up grows.
- Think tank: it is a laboratory of ideas, a think tank.