INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
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A physical item created to be used, such as a car, or phone.
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Something useful offered like cell phone service or haircut
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A presentation to explain a business idea to an investor.
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A written paper that shows the critical details of business products or services.
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Detailed explanation-1: -In the financial world, an elevator pitch refers to an entrepreneur’s attempt to convince a venture capitalist that a business idea is worth investing in. Generally, a successful elevator pitch will be enough to pique an investor’s curiosity and sets the stage for a follow-up meeting.
Detailed explanation-2: -An elevator pitch is a brief (think 30 seconds!) way of introducing yourself, getting across a key point or two, and making a connection with someone. It’s called an elevator pitch because it takes roughly the amount of time you’d spend riding an elevator with someone.
Detailed explanation-3: -Identify your goal. Explain what you do. Communicate your USP. Engage with a question. Put it all together. Practice.
Detailed explanation-4: -Tell a story. A common topic among experts was the need to be personable and create a narrative. Define the problem. You might be head over heels about your business concept. Practice as much as you can. Be realistic. 21-Feb-2023
Detailed explanation-5: -Vision and value proposition. This is a quick one-sentence overview of your business and the value that you provide to your customers. The problem. Target market and opportunity. The solution. Revenue model or business model. Traction and validation/roadmap. Marketing and sales strategy. Team. More items