Important Business and Entrepreneurship Terms

In this page i will try to list and always try to update the business and entrepreneurship terms and definitions that we publish on our website. With a short explanation of each of these terms. (Keep in mind this page will be updated as we publish new terms).
You can click on each term to go to a separate page where the term is explained in details.
There are 2 other terms pages, one dedicated to startup terms and another dedicated to finance terms.
(there might be some terms that you might miss here but are listed on one of the 2 other pages)
Thus without further ado, here’s the terms in alphabetical order:

• Accredited investor Definition: A high net worth individual that is granted permission to be involved in risky investments via VC, angel investing…
• Angel Investing & Angel Investor Definition: when a rich individual, referred to as angel investor invests in a company, in exchange of shares.
• Assets Definition: Anything of value that can be converted into cash.
• Board of Directors Definition: A group of individuals elected or appointed to represent the shareholders of a corporation.
• Burnout Definition: Mental, emotional, and often physical exhaustion brought on by prolonged and or repeated stress.
• Business forecasting: Using past data and trends to predict future sales, revenue, expenses, and customer demand. 
• Business Processing Outsourcer (BPO): Hiring a third-party company to handle certain business processes, such as customer service.
• Business to business (B2B): Transactions between businesses.
• Business to consumer (B2C): The sale of products or services from a business to an individual consumer.
• Churn Rate Definition: The percentage of lost customers or subscribers in a certain period of time.
• Customer Acquisition Cost: How much does it cost a company to acquire each single customer (average value).
• Customer Lifetime Value: How much profit a business will get from a customer over the course of their lifetime. 
• Customer Profile Meaning: A description of a typical or ideal customer for one’s business.
• Customer Relationship Management (CRM): Strategy that aims to improve business relationships with customers.
• Customer Retention Rate (CRR): Ability of a company to keep its customers over a certain period of time.
• Consumer to business (C2B): Consumers initiate transactions, often freelancer and crowdfunding platforms.
• Consumer to Consumer (C2C): Transactions take place between individuals, rather than between a business and a consumer. 
• Direct to Consumer (D2C): Selling directly to the customer without the need for a retailer or wholesaler.
• E-commerce Definition: Selling goods or services via the internet.
• Entrepreneur Definition: Someone who takes calculated risks.
• Fad Definition : Phenomenon that is popular for a limited period of time and then fades away quickly.
• Freelancer Definition: Someone working on projects as an independent external temporary worker.
• Gig Economy Definition: Labor market characterized by the prevalence of freelancers or workers.
• Growth rate (general): The rate at which a variable increases over a given period of time.
• High touch model: A business approach that emphasizes personal attention and direct interaction with customers.
• Hustle Meaning:  To do your best to make the money needed.
• IBDA Definition: Are you making more money than you are spending (before interests , taxes, depreciation and amortization).
• Internet Entrepreneur Definition: Entrepreneur that undertakes an internet related project.
• Indirect-to-consumer (ITC): The traditional model of selling products through intermediaries.
• Market size:  The total value of the market for a particular product or service.
• Low touch model: A business strategy in which the customer interacts with a company through self-service technologies.
• Mentor Definition: A practical teacher and adviser.
• Monopoly Definition:  One company owns the majority of the market share, and can control the prices and the supply.
• Race To The Bottom Definition: When the competition is so tough that price go down so does quality.
• Resource allocation: The process of deciding how to best use available resources.
• Seasoned Entrepreneur Definition: An entrepreneur with experience.
• Side Hustle Definition: A side business that you run in your free time.
• Solo-Entrepreneur Definition:  A 1 person company.
• Trend Definition: General direction or pattern of change that is happening over a long period of time.
• Oversubscribed (general):  Demand for a product or service exceeds the available supply.
• Private Equity (PE) Definition: Funds are invested in private companies that are not listed on the stock exchange.
• Product development: Product development is a continuous process as companies need to continuously improve their products.
• Root Cause Analysis – RCA: Method used to identify the underlying cause of a problem or an incident.
• TAM explained : Total Addressable Market: Potential revenue if the company captured all of its target customers within a given market.
• Unique Selling Proposition Definition: the one factor that makes your company better than the competition.
• Unit Economics Definition: Analysis of the costs associated with producing and selling a single unit , as well as the revenue generated.
• Verticals Definition: Businesses that offer complementing products and services.
• Vertical Integration Definition: Control the entire chain till being able to provide to the consumer.
• Wantrepreneur Definition : Someone who wants to be an entrepreneur but never takes the risk to become one.