Technopreneurship

 ITE6301 - Technopreneurship

An ___________ refers to the environment in which the business operates – including competitors, consumers, resources, government regulations, political, economic, cultural and social variables, all of which have an impact on the way a product is designed and used and the business entity is run.	Ecosystem
There is a common belief in the _____________, an inherent DNA to work hard and against all odds, a coming together of people with myriad skillsets and resources that are critical for the success of the venture	Potential of the tech product
_____________ is a new breed of entrepreneurship.	Technoprenuership
Unlike _____________ this is seldom a one-man show – the success of Technopreneurship hinges on how well the team functions together.	Entrepreneurship
It involves a coming together of people who are intelligent, driven, creative, tech-savvy and passionate and have an appetite for calculated risk	Technopreneurship
The idea needs to work for the greater common good – it doesn’t need to be a ______________.	Global blockbuster
A technopreneur constantly learns and improves, innovates and disrupts the workings of people, organizations and ______________.	Nation as a whole
Technopreneurship is an expensive exercise and Technopreneurs need to work without pay until their ideas become ______________	Commercially viable
Technopreneurship begins with the customer experience and works backward to arrive at the technology to provide that _______________.	Customer experience
For a _____________, it is not as much about the money as it is about the affirmation that the ‘idea’ is a worthy one and that it works.	Technopreneurship
He defies existing practices and systems and thinks of doing things differently.	Technopreneurship
_______________ is an entrepreneurial venture which is typically a newly emerged business that aims to meet a marketplace need by developing a viable business model around a product, service, process or a platform	Start-up
A _____________ starts out with nothing but an ‘idea’.	Technopreneurship
An ______________ is a person who identifies an opportunity, converts it into a product or service, estimates earnings and profit and builds a successful business with it.	Entrepreneurship
He creates a product or solution that uses the heft and capability of technology to change the way something was traditionally done.	Technopreneurship
Businesses are obligated to produce an annual set of accounts.	Accounts
Amounts of money owed by your company to external suppliers.	Accounts payable
The time for which profits are being calculated, normally months, quarters or years.	Accounting period
Money owed to your company by customers.	Accounts receivable
The purchase of one company or resources by another.	Acquisition
A retailer or service provider advertising its goods or services via a third party in return for a commission on any sales.	Affiliate marketing
A business going into administration,meaning that a business has gone bankrupt and its creditors can get in touch to try and claim any money they are owed.	Administration
This is the rate of interest you agree to pay on money borrowed. The higher the amount, the more you will pay	Annual percentage rate (APR)
A quote of what interest paid on savings and investments would be. It is calculated by adding each interest payment to the original deposit, then working out the next interest payment, compounding the interest.	Annual equivalent rate (AER)
Their role is to calculate accident rates, life expectancy and the relevant payouts.	Actuary
Building a start-up company with very little money, often relying on personal savings and pushing for the lowest possible operating costs, while implementing cost-saving systems such as fast inventory turnaround.	Bootstrapping
Money spent to create future benefits. Answer 2	Capital expenditure (CAPEX)
The movement of cash into and out of a business	Cash flow
The point in time when you will have paid back all your debts, or when revenues exactly match expenses.	Break-even point
Also known as an angel investor. An individual who provides capital for a business start-up in return for a stake in the company.	Business angel
An official inspection of a company’s, or individual’s, accounts.	Audit
This is a type of insurance policy. Upon retirement a lump sum is paid into it and the insurance company then provide a regular income	Annuity
Business to business	B2B
The process by which a person or business takes advantage of the difference in price of a share or a currency.	Arbitrage
Property that has value owned by a company.	Assets
This influences financial products and services when they set their own cost of borrowing.	Base rate
A ‘snapshot’ of a company’s assets, liabilities and capital at a particular point in time	Balance sheet
The buying (offer) and selling (bid) price of shares, bonds or currency.	Bid-offer spread
The buying (offer) and selling (bid) price of shares, bonds or currency	Bid-offer spread
This term originates from poker as blue chips are traditionally the highest-valued.	Blue chip
It is called this because before people ventured to Australia, swans were assumed to only be white. No one had seen a black one until then	Black swan