51 Entrepreneurial Terms Every Entrepreneur Should Know ๐ Angel Investor: Your rich uncle who believes in you. ๐ Bootstrapping: Building a business on ramen noodles. ๐ Burn Rate: How fast you're burning through cash. ๐ Business Model: The plan that (hopefully) works. ๐ Capital: Fancy term for money you need. ๐ Cash Flow: Money in, money out, hopefully in that order. ๐ Churn Rate: How quickly customers bail on you. ๐ Co-Working Space: Office sharing for the broke and hopeful. ๐ Crowdfunding: Begging strangers for money online. ๐ Customer Acquisition Cost (CAC): How much you spend to get someone to care. ๐ Disruption: Shaking up the industry because youโre bored. ๐ Equity: Your piece of the pie. ๐ Exit Strategy: Your plan to bail with cash. ๐ Freemium: Free with a catch. ๐ Incubator: Startup daycare center. ๐ Intellectual Property (IP): Your ideas with a lock on them. (1/n) cont.... ~ Follow For More on Medial!!
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