People need money to earn their living. Earning can be done by doing a job there. At the same time, some people also set up their own work. In today’s era, many people are also starting their own work. Nowadays new work is also called a startup. However, there are some words related to startup, which are not understood by the common people. The meaning of such words is not easily understood by the people. At the same time, today we are going to tell about those words.
business plan-business model
Many times in startup, two words like work plan and work model are used quite a lot. This, work model, means how and why you will earn money. At the same time, the work plan tells when and how much you will earn money. Apart from this, how much will be spent and how much team is needed, all this also comes in the work plan.
Bootstrapping business
Apart from this, there are many such terms that are associated with funding. These also include the term Bootstrapping. This means that whatever money you have invested in the business, you have invested your own money and you have not invested any investor’s money. Apart from this, Incubators and Accelerators are also used.
crowdfunding business
At the same time, Series A, Series B, Series C, and so on have large ticket size amounts. Which usually invests Venture Capital Fund or Private Equity Fund. Apart from this, money is also raised from crowdfunding. Through crowdfunding, funds can be collected from people even before the product is made.
valuation business
At the same time, the word Valuation is also used a lot. The valuation of a startup is decided amongst themselves by the startup founder and its investors. Whenever valuation is done, pre-money valuation and post-money valuation are also taken care of.
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