Review( SPETLE2 ) Prelims

1, ELON MUSK- one of the greatest innovators for the last 30 yrs. He co- founded pay- pal, compny

space x , tesla

2.REID HOFFMAN- is one of the greatest innovators in the last 30 yrs. He was the founder of LINKED-IN

Entrepreneur, businessman, inventor, author and scientist.

3.Why do you need a Business Plan; a. raise capital b. gives an objective look on what you are doing
and why c. gets everyone involved to focus on the same goals.

⮚ An information not included in your business plan are your assets and liabililities.

4.Target Market- a group of consumers at which a product/service is aimed.

5. Boot- Strapping- self – funding a business or project

6,Seed Funding – around of funding helps a company add a few employers and launch an early product.

7.Reasons why start-ups business typically fails:

a. run out of cash b. poor marketing c.no business model

8. Venture capitalist- is an investor in a business providing capital for start-ups

9. an elevator pitch should be 30 seconds to convey informations about a business

Review terms such as: amor propio, bahala na, crab mentality, ningas cogon, utang na loob, passion,

Commitment,opportunity etc.