Day 1 Business Terms 1. Revenue vs. Profit โ "Revenue is what you earn, profit is what you keep. A startup making โน10L/month in revenue but spending โน9.5L has only โน50K profit. See the difference?" 2. Burn Rate โ "How fast are you burning cash? If you spend โน5L/month and have โน50L in the bank, your burn rate is 10 months. Manage wisely!" 3. Equity vs. Debt Funding โ "Should you raise money by selling shares (equity) or taking a loan (debt)? Equity = shared control; Debt = fixed repayment but no ownership loss." 4. MVP (Minimum Viable Product) โ "Your startup idea doesnโt need to be perfect. Start with a basic version, test, and improve. Dropboxโs MVP was just a simple demo video!" 5. Fixed vs. Variable Costs โ "Rent & salaries = Fixed. Marketing & raw materials = Variable. Know these to budget smarter."
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