Welcome to the ultimate startup glossary - your comprehensive reference book for all relevant terms related to the world of startups! Whether you are just at the beginning of your entrepreneurial journey or in the middle of the startup development process, you will find everything you need to know here.
You have invested weeks, months or years in your product. You love the functions, the elegance of the design, the well thought-out user experience - in short: your product is technically a dream.
And yet something strange happens: nobody pays.
If you run a start-up, you probably know this all too well: your product isn't perfect yet, but the team is bursting with ideas. Every new function, every feature suddenly seems indispensable. The diary is overflowing, the team is running, and yet you still feel like you're treading water. Welcome to the chaos of prioritisation in a start-up!
Many founders start their adventure full of passion - but they soon realise that an idea alone is not enough. Without a strong team, projects often progress slowly or get stuck. A committed team of founders, on the other hand, can set the course for sustainable success, increase motivation and spread the burden across several shoulders.
For many founders, the exit is the big goal: selling the company, giving up shares or going public. However, the right time for an exit needs to be carefully considered. An exit that is too early or unprepared can reduce opportunities and profits - an exit that is too late can increase the risk.
Many start-ups dream of growing quickly - but growth alone is not everything. It is crucial to design the business model in such a way that it scales efficiently, i.e. consumes resources more efficiently rather than linearly as the number of customers increases.
For many start-ups, moving abroad is the next logical step: new markets, more customers, higher sales. But international expansion is not an easy step and harbours risks. If you want to go abroad successfully, you need to take a systematic approach.
Many founders dream of bringing investors on board - whether for rapid growth, product development or market entry. However, not every startup is ready for external financing from the outset. The wrong round of investors can cost time, money and motivation. That's why it's crucial to know: When is the right time?
A committed and motivated team is at the heart of every successful start-up. Especially in the initial phase, when resources are scarce and the tasks are varied, motivation in the start-up team often determines success or failure. But as a founder, how do you ensure that the team remains motivated in the long term?