What does profitability mean?
Profitability is a key performance indicator that measures the ratio of profit to capital employed or turnover in a company and thus shows the ability of a start-up to be financially successful and generate added value.
What does ‘purpose’ mean for a company?
The purpose of a start-up defines its overarching meaning and the deeper motivations that go beyond pure profit targets and is reflected in the mission, vision and values of the company.
What does ‘product-market fit’ mean?
Product-market fit refers to the phase in which a product or service is so well adapted to the needs and preferences of the target market that it is quickly accepted and widely used by customers.
What is a proof of concept (PoC)?
Proof of Concept (PoC) is a crucial step in the early phase of a start-up that aims to demonstrate the practical feasibility and potential of a business idea, product or technology.
What is prompt engineering?
Prompt engineering is a discipline that deals with the design and optimisation of prompts in order to achieve effective and precise responses from AI systems, especially in natural language processing.