Pitch deck is the most commonly used word in startup jargon. Entrepreneurs need to showcase their startup’s story to potential investors like angel investors and venture capitalists, to get funding for their venture. An engaging pitch deck is essential to capture the attention of the investors and convince them to work with your idea. But what is a pitch deck? Let’s explore…
A prototype is similar to a sample of a product or any service. Prototyping is a significant component of the application improvement process. In this article, yo will come to understand the importance of the prototype for startups.
Brand essence is the starting step for creating strategies for reputation building. To understand it clearly, we can say that brand essence is the soul of a brand. It is the core of your brand and can be felt in every action. It brings together the brand’s mission, vision, value proposition and beliefs.
Startups are a completely different culture, and no one can just get up and start a business; it takes dedication, talents, aspirations, and determination. To know more let’s see major roles and responsibilities of a startup founder.
The method to develop a prototype for a startup vary depending on the product idea. For example, prototyping a software product is different from creating a prototype of a physical product.
A startup financial model is an important component of the business plan for startups. It provides visibility of how the startup’s finances may look in the future and acts as a roadmap for achieving targets.
Minimum Viable Product is the first product launched by a startup to gather feedback from the actual users. MVP also helps businesses to start generating revenue while still in the development stage.
Business model canvas is a strategic management tool used to document and assess existing and new business models. The business model canvas is a one-page template that provides a glimpse of the core elements of the business and aids in defining and refining the business model.
The business concept is the framework of ideas that lays down the foundational plan about the birth of a startup and how it should act in the upcoming time.
Branding and marketing are two of the most vital functions that help to generate revenue for a business. Though branding and marketing are interconnected as they help to reach out to the target audience and spread awareness of the product/ service, the two functions are different.
A franchise business model is a type of business model where an individual entrepreneur (franchisee) operates the business using the company name, trademark, logo, branding, products and business systems of a larger company (franchisor), in return for a fee and other payments such as licensing fee, royalties, etc, depending on the terms in the contract between both the parties.
Startups need investment to transform their ideas into marketable products or services. Just like a seed grows into a giant tree, seed funding is the initial capital that aids a startup to transform into a successful business. It is the first capital raised by a startup from external investors.
Brand development in literal terms is the development of your brand( business, industry, individual, or any other thing). It helps you to create an identity in the vast market and gives you a unique character.
Proof of concept is an exercise that determines the viability of an idea. The exercise determines whether the idea has the potential for real-life application.
The timelines for different startup funding rounds may be different depending on the nature of the business and the size of the company. Some companies may take off with pre-seed or seed funding and become highly profitable, never requiring further series funding, while others may require multiple rounds of series A, B, C funding.
