Business Proposal
A business proposal is a written offer from a seller to a
prospective buyer. Business proposals are often a key step in the complex sales
process—i.e., whenever a buyer considers more than price in a purchase.
A proposal puts the buyer's requirements in a context
that favors the sellers products and services, and educates the buyer about the
capabilities of the seller in satisfying their needs. A successful proposal
results in a sale, where both parties get what they want, a win-win situation.
The professional organization devoted to the advancement
of the art and science of proposal development is the Association of Proposal
Management Professionals.
Buying a business:
Instead of starting a new one
Instead of starting from scratch, look for a seasoned
small business with three to five years of verifiable financial records and tax
returns that coincide with the data on the financial statements. Businesses
like these, with a record of growth, trained employees, a good customer base,
proper equipment, and an established inventory, are excellent business
opportunities. In fact, the failure rates of businesses that have been around
for at least five years is quite low.
Read more:
http://www.entrepreneur.com/article/70058#ixzz2hnSla58s
Capital
In economics, capital goods, real capital, or capital
assets are already-produced durable goods or any non-financial asset that is
used in production ofgoods or services. Some accounting regimes such as the
Triple bottom line, include definitions of natural capital and social capital,
in which ecosystems and social relations are defined as capital assets. See
that article for more detail.
Control of capital is the primary means of creating
wealth. If a broader definition of wealth is used (say including health or
well-being) then a broader definition of capital is appropriate.
Source: WIKIPEDIA
Franchising
Franchising is the practice of using another firm's
successful business model. The word 'franchise' is of Anglo-French derivation -
from franc - meaning free, and is used both as a noun and as a (transitive)
verb. For the franchisor, the franchise is an alternative to building 'chain
stores' to distribute goods that avoids the investments and liability of a
chain. The franchisor's success depends on the success of the franchisees. The
franchisee is said to have a greater incentive than a direct employee because
he or she has a direct stake in the business.
Essentially, and in terms of distribution, the franchisor
is a supplier who allows an operator, or a franchisee, to use the supplier's
trademark and distribute the supplier's goods. In return, the operator pays the
supplier a fee.
Source: WIKIPEDIA
Horizon
2020 programme
Horizon
2020 is the biggest EU Research and Innovation programme ever with nearly €80
billion of funding available over 7 years (2014 to 2020) – in addition to the
private investment that this money will attract. It promises more
breakthroughs, discoveries and world-firsts by taking great ideas from the
lab to the market.
Idea
In philosophy, the term idea has been used to cover a
range of concepts. Ideas are often construed as mental representational images;
i.e., images of some object. In other contexts, ideas are taken to be concepts,
although abstract concepts do not necessarily appear as images.[1]Many
philosophers have considered ideas to be a fundamental ontological category of
being. The capacity to create and understand the meaning of ideas is considered
to be an essential and defining feature of human beings. In a popular sense, an
idea arises in a reflexive, spontaneous manner, even without thinking or
serious reflection, for example, when we talk about the idea of a person or a
place.
Source: WIKIPEDIA
Innovation
Innovation is the application of better solutions that
meet new requirements, inarticulate needs, or existing market needs. This is
accomplished through more effective products, processes,services, technologies,
or ideas that are readily available to markets, governments and society. The
term innovation can be defined as something original and, as consequence, new
that "breaks in to" the market or into society. One usually
associates to new phenomena that are important in some way. A definition of the
term, in line with these aspects, would be the following: "An innovation
is something original, new, and important - in whatever field - that breaks in
to (or obtains a foothold in) a market or society.
Source: WIKIPEDIA
Invention
An invention is a unique or novel device, method,
composition or process. It may be an improvement upon a machine or product, or
a new process for creating an object or a result. An invention that achieves a
completely unique function or result may be a radical breakthrough. Such works
are novel and not obvious to others skilled in the same field.
Some inventions can be patented.
Source: WIKIPEDIA
Investor
An investor is a person who allocates capital with the
expectation of a financial return. The types of investments include: gambling
and speculation,equity, debt securities, real estate, currency, commodity,
derivatives such as put and call options, etc. This definition makes no
distinction between those in the primary and secondary markets. That is,
someone who provides a business with capital and someone who buys a stock are
both investors. Since those in the secondary market are considered investors,
speculators are also investors. According to this definition there is no
difference.
Source: WIKIPEDIA
Investment
Investment has different meanings in finance and
economics.
In economics, investment is the accumulation of newly
produced physical entities, such as factories, machinery, houses, and goods
inventories.
In finance, investment is putting money into an asset
with the expectation of capital appreciation, dividends, and/or interest
earnings. This may or may not be backed by research and analysis. Most or all
forms of investment involve some form of risk, such as investment in equities,
property, and even fixed interest securities which are subject, among other
things, to inflation risk.
Source: WIKIPEDIA
Know-how
Know-how can be defined as confidentially held, or
better, 'closely held' information in the form of unpatented inventions,
formulae, designs, drawings, procedures and methods, together with accumulated
skills and experience in the hands of a licensor firm's professional personnel
which could assist a transferee/licensee of the object product in its
manufacture and use and bring to it a competitive advantage. It can be further
supported with privately maintained expert knowledge on the operation,
maintenance, use/application of the object product and of its sale, usage or
disposition.
Source: WIKIPEDIA
Patent
A patent is a set of exclusive rights granted by a sovereign
state to an inventor or their assignee for a limited period of time, in
exchange for the public disclosure of the invention. An invention is a solution
to a specific technological problem, and may be a product or a process. Patents
are a form of intellectual property.
Source: WIKIPEDIA
Retailer
Retail is the sale of goods and services from individuals
or businesses to the end-user. Retailers are part of an integrated system
called the supply chain. A retailer purchases goods or productsin large quantities
from manufacturers directly or through a wholesale, and then sells smaller
quantities to the consumer for a profit. Retailing can be done in either fixed
locations like stores or markets, door-to-door or by delivery. Retailing
includes subordinated services, such as delivery. The term "retailer"
is also applied where a service provider services the needs of a large number
of individuals, such as for the public. Shops may be on residential streets,
streets with few or no houses or in a shopping mall. Shopping streets may be
for pedestrians only. Sometimes a shopping street has a partial or full roof to
protect customers from precipitation. Online retailing, a type of electronic
commerce used for business-to-consumer (B2C) transactions and mail order, are
forms of non-shop retailing.
Source: WIKIPEDIA
Startup Company
A startup
company or startup is a company, a partnership or temporary organization
designed to search for a repeatable and scalable business model. These
companies, generally newly created, are in a phase of development and
research for markets. The term became popular internationally during the
dot-com bubble when a great number of dot-com companies were founded.
Source: WIKIPEDIA
Supplier/Distributor
Product distribution (or place) is one of the four
elements of the marketing mix. Distribution is the process of making a product
or service available for use or consumption by a consumer or business user,
using direct means, or using indirect means with intermediaries.
Source: WIKIPEDIA
Venture Capital
Venture capital (VC) is financial capital provided to
early-stage, high-potential, high risk, growth startup companies. The venture
capital fund makes money by owning equity in the companies it invests in, which
usually have a novel technology or business model in high technology
industries, such as biotechnology, IT and software. The typical venture capital
investment occurs after the seed funding round as growth funding round (also
referred to as Series A round) in the interest of generating a return through
an eventual realization event, such as an IPO or trade sale of the company.
Venture capital is a subset of private equity. Therefore, all venture capital
is private equity, but not all private equity is venture capital.
[1]
In addition to angel investing and other seed funding
options, venture capital is attractive for new companies with limited operating
history that are too small to raise capital in the public markets and have not
reached the point where they are able to secure a bank loan or complete a debt
offering. In exchange for the high risk that venture capitalists assume by
investing in smaller and less mature companies, venture capitalists usually get
significant control over company decisions, in addition to a significant
portion of the company's ownership (and consequently value).
Venture capital is also associated with job creation
(accounting for 2% of US GDP),
[2] the knowledge economy, and used as a proxy
measure of innovation within an economic sector or geography. Every year, there
are nearly 2 million businesses created in the USA, and 600–800 get venture
capital funding. According to the National Venture Capital Association, 11% of
private sector jobs come from venture backed companies and venture backed
revenue accounts for 21% of US GDP.
[3]
It is also a way in which public and private sectors can
construct an institution that systematically creates networks for the new firms
and industries, so that they can progress. This institution helps in
identifying and combining pieces of companies, like finance, technical
expertise, know-hows of marketing and business models. Once integrated, these
enterprises succeed by becoming nodes in the search networks for designing and
building products in their domain.
Source: WIKIPEDIA