Startup Lingos

Startup Lingos and Their Crux Explanations

bold vs stupid

Bold is do the right thing that no one agrees and hard. Stupid is to do the wrong things that a few agrees and impossible.

business plan

A business plan has two parts, the aspiration and the traction. A business plan is about two parts: how the business runs, and how to start that business.

business plan and exit

The plan to reach the exit, including unknown uncertainties that will surely happen.

business model

How to turn an interest into a money maker. How to attract people, how to stimulate people to pay, how to make profit, how to make relations, how to keep relations.

value proposition

How much do I have to give my audience so they can pay me something in return? What do they value? what problem do they search for answers on your own? I want to solve that problem.

passion

You may like your dream, but if you have to suffer tremendous set backs to realize your dream, would you give up?

passion

You may like to startup, but you may not the business you startup

due diligence

VC or investor check. Include standard items 1. Did you quit your job; 2. Did your cofounder quit his job; 3. is your sales validated.

leader

Protect and provide. And gets loved.

traction

When you finally connect what you love to do to what a lot of people love to buy. When you can focus all you want and still have unlimited work and fun.

founder and CEO

A founder is not a CEO, until the company is making money and profit enough to stay alive on its own.

Serendipity

After you have a sale or a market hit, you ran into all kinds of accidental discoveries that you never knew exist.

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