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54 Entrepreneurs Explain What Entrepreneurship Means to Them

Being an entrepreneur is a source of pride. It also evidences an individual with a huge amount of discipline and focus to be able to build a business a lot of times from just an idea. It is the ambition of an entrepreneur that built the most profitable and successful companies. The only issue is that the word entrepreneurship can ...

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What is an Economic Moat?

Economic Moat is a term popularized by Warren Buffett that refers to “business’ ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share from competing firms. The competitive advantage is any factor that allows a company to provide a good or service that is similar to those offered by its competitors and, ...

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Vocabulary for Entrepreneurs: Start-up

Presented by Exemplary Editing, Vocab for Entrepreneurs presents key vocabulary entrepreneurs and business owners should add to their arsenal. A start-up business is defined as a new business in the early stages where an entrepreneur moves from the idea phase to the getting financing, developing the basic structure of the business, and starting the operations of the business phases. The business ...

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Vocabulary for Entrepreneurs: Patents, Trademarks & Copyrights

This excerpt is from a guest post by Dr. Dariush Adli. He is the president of the Los Angeles-based Adli Law Group PC. Related Post: Strengthening Protection for Your Ideas Through Overlapping IP Briefly, the term intellectual property is an umbrella of rights that include patents (utility and design), trademarks (trade name, logo or trade dress), and copyrights. Patents afford protection for ideas ...

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Vocabulary for Entrepreneurs: Scale

Businesses that scale are businesses with operating leverage. Your business is not scaling if you add operating cost at the same rate as revenue. You must add profit faster than you are adding operating cost in order for your business to scale. Just because your business is not scaling that does not mean your business is not succeeding. There are ...

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Vocabulary for Entrepreneurs: Hustle

Arguably the word hustle might be one of the most polarizing terms that is used often when it comes to business and startups. Often hustle might strike images of illegal or illicit activity, that connotation does not align with the business definition of the term. The Oxford dictionary defines hustle as (2) obtain illicitly or by forceful action. However, that is not the only way ...

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What Does Organic Sales Mean?

Sales is the lifeblood of any company. In order to exist, companies have to be able to sell a specific product or service to a client or a customer. Many entrepreneurs and business owners run away from the words sale, but it is what will keep your business afloat. Related Post: What Makes Up a Great Salesperson? Investopedia defines organic ...

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Vocabulary for Entrepreneurs: Chief Financial Officer (CFO)

If you’ve heard of a CEO, there’s a good chance that you have heard of the Chief Financial Officer (CFO) OR Chief Financial and Operating Officer (CFOO). Sometimes this person is referred to as the “numbers” person because they oversee financial activities for the company. According to Investopedia: The CFO is the senior manager who is responsible for overseeing the ...

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The Founder’s Dictionary: Buzzwords Every Entrepreneur Should Know [INFOGRAPHIC]

Lawyers have legalese and doctors have medical terms. Each profession has a set of words that is used within its community and entrepreneurs and business owners are no different. Udemy created an infographic to help entrepreneurs and business owners with their vocabulary.  

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Vocabulary for Entrepreneurs: Chief Executive Office (CEO)

From start-ups to small business, entrepreneurs start their ventures with the hopes of one day becoming the Chief Executive Officer or CEO. At CEO Blog Nation, the CEO is synonymous with entrepreneur and handles high as well a lower level tasks hence the I am CEO campaign. According to Investopedia: The highest ranking executive in a company whose main responsibilities include developing ...

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