The 10x Rule is a powerful tool that can help a startup founder successfully achieve their goals. It is the principle that for a goal to be achieved, it must be set at 10 times higher than what is expected to be achieved. It encourages a founder to think big and not settle for average results.
API Integration is the process of connecting two or more systems to exchange data, allowing for automated communication between applications.
Accelerated growth is a strategy which focuses on rapidly expanding a business by taking advantage of different opportunities and using the resources available in order to scale up.
An accelerator is an organization offering a program that helps startup founders speed up the launch and growth of their companies with access to mentorship, capital, resources, and incentives.
Agile development is an iterative approach to software development which is focused on delivering high-quality software quickly.
Agile Sprint is a technique used to quickly develop and deliver a product, service, or feature by breaking it down into small chunks and completing them in short, iterative cycles.
An angel investor is an individual investor who provides capital in exchange for equity in a startup.
An angel network is a group of investors who pool their funds together to invest in early-stage businesses. Angel investors are typically individuals, rather than large corporations, and they often have the resources and expertise that can help young companies to grow and succeed.
B2B, or “Business-to-Business”, is a type of business transaction where one business provides goods or services to another business. It’s typically used to help other businesses increase their own profits and market reach. B2B can also be used by organizations to obtain products, services, or technologies to help with their own operations.
A bootstrapper is an entrepreneur who tries to get their business off the ground without the aid of external funding. This is usually achieved by investing personal funds or resources, networking, and doing as much as possible with limited resources.
Bootstrapping is a term used to describe the process of starting and growing a business, usually with limited external assistance and funding. It means starting something from nothing and relying on your own resources and effort to power progress and success.
Bottom Up Marketing is a strategy that looks to build organic awareness of a company or product from the ground level instead of the top-down.
Brand Equity is an important concept for startups, as it is a measure of the perceived value of a company's reputation and name.
Brand identity is the visual representation of a company's brand, including logos, colors, typography, and other graphic design elements.
A bridge loan is a type of short-term loan that provides immediate and temporary financing for a startup company.
Burn rate is the rate at which a startup spends its capital during a given period.
Business Model Canvas
The Business Model Canvas is a visual tool used to document a company's value proposition, customer segment, customer relationship, key resources, key activities, key channels, cost structure, and revenue streams all in one place.
Business Model Innovation
Business Model Innovation is the process of creating a new form of competitive advantage, through altering existing products or services to increase revenue or create new sources.
CTA (Call to Action)
A Call to Action (CTA) is an instruction to the user to take a specific action, usually in the form of a button, link, or text.
Cash flow is the net amount of money being exchanged within an organization, project, or individual.
Cash Flow Statement
A Cash Flow Statement is a tool used to track a company’s financial health by recording and organizing its cash transactions. This includes all income and expenses from operating, investing, and financing activities.
Churn Rate is a measure of how quickly customers are leaving a company or service.
Churn Rate Prediction
Churn Rate Prediction is the process of predicting the likelihood of a customer leaving or discontinuing a product or service.
A co-founder is an individual or small group of people who jointly found and launch an enterprise by providing necessary resources such as finance, resources, and a framework.
Competitive Advantage is a set of unique features or qualities that a business or product has that make it stand out from its competitors.
Content strategy is the process of planning, creating, publishing, and managing content that is both technical and creative in nature.
A convertible note is an agreement between an investor and a startup that functions as a loan with the option to convert it into equity at a later date.
Cost of Goods Sold (COGS)
Cost of Goods Sold (COGS) is the direct costs associated with producing a good or providing a service.
Cross-selling is a sales tactic that encourages customers to buy additional products related to an existing purchase.
Crowdfunding is a type of fund-raising in which a business or individual raises money by collecting small amounts of money from a large group of people over the internet, usually through an online platform.
Customer Acquisition Cost (CAC)
Customer Acquisition Cost (CAC) is the total cost incurred by a business to acquire a single customer or user. It is one of the most important metrics for businesses that rely on acquiring and building relationships with customers.
Customer Acquisition Funnel
The customer acquisition funnel is the series of steps customers go through from initial awareness of a product to buying it.
Customer churn is the measure of the number of customers or subscribers who stop doing business with a company over a particular period. It can be a key indicator of a company's health, and is often used to measure customer satisfaction or loyalty.
Customer engagement is an active marketing approach that creates relationships and connections with customers.
Customer Feedback Loop
A customer feedback loop is a continuous cycle used to measure customer sentiment and improve customer experience.
Customer Lifetime Value (CLV)
The Customer Lifetime Value (CLV) is the total value a customer brings to a business over their lifetime as a customer.
Customer segmentation is the process of dividing customers into groups of people who have similar characteristics such as age, gender, location, interests, and purchase history.
Debt financing is a method of acquiring capital for businesses that involves taking on a loan or line of credit to expand operations or purchase assets.
A decision-making framework is a process for evaluating and selecting options or making decisions. This framework allows companies and individuals to systematically analyze the data available and come up with the most appropriate action to get the desired result.
The concept of desire can be a powerful tool for startup founders when it comes to achieving success. It is the internal motivation to strive for something greater, and is typically linked to personal or business goals.
Direct costs are those which can be specifically attributed to, and are essential for, the product or service.
Disruption is the process of dramatically changing the existing system, services and businesses.
Disruptive technology is an innovation that drastically changes how a market or industry operates.
Diversification is a strategy used to reduce risk by investing in a variety of assets or asset classes.
E-commerce is a term used to describe the business of buying and selling products online.
Earned Media is a type of media coverage that is earned rather than paid for, or created by a sole agency. Such coverage is earned through word-of-mouth and sharing of content by existing customers and other organizations.
An ecosystem is a complex set of interdependent relationships between entities and environments that include all forms of life, the physical environment, and the forces and processes which govern them.
Equity is a form of ownership in a business, which may be in the form of shares.
An equity stake is an ownership interest in a company that is typically represented by shares of stock and entitles the holder to a portion of the company's profits and assets.
An exit strategy is a plan to transition out of a business or investment, often with a desired outcome in mind.
FOMO (Fear of Missing Out)
FOMO, or Fear of Missing Out, is a phenomenon that causes people to become anxious when they fear that they are missing out on something, such as events, experiences, or opportunities. It is often associated with the idea that everyone else is having more fun than one is.
A feasibility study is an evaluation and analysis of the potential of a proposed idea, project, or business venture.
Fintech, or Financial Technology, is the application of innovative technology to improve the financial services industry. It includes new and disruptive emerging technologies such as artificial intelligence (AI), robotic process automation (RPA), cloud computing, the Internet of Things (IoT) and blockchain.
Freemium is a business model, sometimes referred to as Freemium Model, where a product is offered in two versions – a basic free version and a paid version with enhanced features. It is an effective way to acquire customers by offering the free version without any commitment to upgrade to the paid version.
Gamification is the application of game-like elements and techniques into non-game contexts to increase engagement and motivation.
Geotargeting is the practice of delivering content, ads, and campaigns to a specific target audience based on their physical location.
Gross revenue is the total amount of money a company receives from the sale of its goods or services. It is calculated before subtracting any taxes, discounts, returns, or other expenses.
Growth hacking is a systematic approach used to identify and develop creative solutions to solve problems or scale up the user base of a product or service. It involves researching, testing, analyzing and optimizing tactics to drive customer acquisitions and engagement.
Horizontal Integration is a form of business growth strategy used by companies looking to increase their market share and leverage existing resources.
Hyperlocal is the concept of providing services to a specific community, area or geographic location, often with the intent of addressing the specific needs of that location.
ICO (Initial Coin Offering)
ICO, or Initial Coin Offering, is an unregulated means of crowdfunding for cryptocurrency projects through the issuance of tokens.
Idea Validation is the process of testing and validating your startup idea with potential customers and stakeholders to ensure it is viable and has a market demand.
Inbound Sales is a process of actively engaging with customers who have already expressed interest in buying a product or service.
An incubator is an organization or a program set up to help new startups get off the ground. It does this by providing resources and support to founders in order to increase their chances of success.
Influencer marketing is a form of social media marketing that uses endorsements and product mentions from influential people to promote a product or service.
Intellectual Property (IP)
Intellectual Property (IP) is a form of property created from ideas, inventions, and creative works that are protected by copyright, patent, trademark, or other unique legal rights.
Interest is the price paid for the use of borrowed money, usually expressed as a percentage rate over a specified period of time.
A joint venture is a business arrangement in which two or more parties agree to collaborate and share resources in order to pursue a common goal.
KPI (Key Performance Indicator)
KPI stands for Key Performance Indicator, which is a metric used to measure the progress and success of a startup against its goals. A KPI or Key Performance Indicator is essentially any type of measure that you use to track the progress of your business towards meeting the goals and objectives that you have in place.
LTV/CAC Ratio is an acronym standing for "Lifetime Value/Customer Acquisition Cost" ratio. It is the ratio of the predicted customer lifetime value (LTV) to the cost of customer acquisition (CAC).
Lead generation is an important part of the sales process, where potential customers become aware of a product or service and give their contact information to the company for follow-up.
Lean Analytics is a process designed to allow startups to identify and measure key performance indicators (KPIs) in order to help them make informed decisions and optimize their business performance.
Lean Canvas is a strategic tool that helps aspiring startup founders understand the potential of their idea in a concise and organized format. It focuses on nine key elements of starting a business, including problem, solution, key metrics, unique value proposition, unfair advantage, customer segment, channels, cost structure, and revenue streams.
A Lean Startup is an iterative approach to new product development and venture development characterized by rapid experimentation, validated learning about customer and product needs and frequent immersive pivots to best suite the customer-problem-solution dynamic.
Lean Thinking is a methodology focused on maximum effectiveness and efficiency of a business. It emphasizes the reduction of waste in order to achieve maximum efficiency and effectiveness while keeping costs low.
Liquidity refers to how quickly a company can turn assets into cash without drastically affecting the asset’s value. It is also known as quick ratio or current ratio.