Business vocabulary that new Start Up Business should know ❗️

Business vocabulary that new Start Up Business should know ❗️

When it comes to doing business Many people may not think of the word "Start Up". We must admit that this business model of Start Up is gaining attention in the business industry and is emerging all the time. So there are both old and new faces in this business industry.

This article presents some business terms that will be useful in your future work and that you may encounter more often. In order to be able to talk with businessmen together with understanding or knowing for further knowledge in business as well.

- Zeal (Enthusiasm)

It is something that every entrepreneur should have. Because just your passion and love for your job is not enough to take on this responsibility. Therefore, if you are energetic, pursuing knowledge, learning more is definitely better than staying still.

- Unplug

It's good for you to be active and work hard to grow your business quickly. But health is an important issue that many new startups often overlook. Turning away from work and finding new places, new people, can also help spark some ideas.

- Caffeine (caffeine)

Stimulating alertness while working after a hard day's work May make the body tired and need rest

- Lenders (Lenders)

It is the person who will transfer the securities to you on the date of the agreement. You will receive the securities and fees on the maturity date.

- Angel Investor

Being an important person in business operations because when you have an idea You need to find a budget to continue creating and expanding your business ideas. In addition to getting the budget to continue the business moving forward You will also get feedback on your work from them.

- Business plan

It is planning the way the business will go. for us to work towards the goal comprehensive planning whether in the field of business administration Manage various resources, finance, management work to assess the direction. the possibility of the project you are about to undertake to see the overall picture clearly

- Debt (debt)

It is normal that after a loan is taken, there will always be debt that follows. This may cause some new business people to be stressed. But it's a risk that might be worth it in the future. if successful

- Equipment

In business, it cannot happen without this part. Because this part of the device will be the one that will support your work. If you have an idea, a budget, but lack the essential equipment, your business can get stuck.

- Financial statements (financial statements)

This is to record financial reports, budgets, budget allocations, expenses, calculating investments and responses. This section gives us a big picture of whether your project is well spent on budget. including planning the cost of projects that may occur in the future

- Growth

It is a goal that many businessmen expect to grow. to lead to future success There are many forms of growth here. both growing on its own Growing right at the right time or growing according to each situation

- Human capital

It is an analogy that humans are like businesses. Must rely on other factors around the business to move forward. through skills, concepts, attitudes, strategies, experiences, expertise, knowledge, perseverance, creativity It's not just about having a budget and investing money. but to support the business and move forward

- Ideas

It's important in doing business. Because not only have ideas to sell to outsiders only. but also means running a business creative and develop business, products and services to better grow over time

- Joint venture

It's about business when you have a great product or idea on hand. But you still lack the support and encouragement. Or lack some resources that you don't have, such as Connection. If you have a good product but don't have a source for distribution. public relations It may make your product and business not as successful as it should be. Therefore, cooperation between companies for mutual benefit is necessary to conduct business.

- Knowledge

It is an important factor that results in a business being able to execute and be successful. It will help in bringing to improve your business greatly.

- Marketing

It is normal that if you have a plan to manage. Implemented must have a marketing plan by analyzing, observing, and determining the target group that wants to hit the market When the business starts to stand still What is the solution? What are the plans for the promotion? So what kind of products are suitable for what kind of marketing? to attract customers

- Name

Naming your business is essential. Because the name affects the recognition of your business or product. The name must be sweet, polite, and convey the nature of your business as well.

- Operations

It represents the resources you use to drive your business, such as financial and human resources. that you have to employ to produce a product that will be distributed

- Profit margins

It is a number that tells the difference between the selling price and the cost. that will be used to calculate and apply the results to modify the method business strategy to suit your business

- Quick restaurant delivery

It's good that you are diligent and enthusiastic about your work. But many times of fasting will affect your brain and body. Therefore, with strict time Wanting to be quick to eat and not have to travel through traffic jams Ordering food for delivery is also a good option.

- Regulations

Having and complying with the rules will help to make the work systematic, neat and easy to operate. Knowing and complying with the rules permission to use the premises Apply for a license to establish Adapted to each location and country Therefore, it is good to study the rules to follow them.

- Sales channels

Studying the suitability and sourcing of sales channels is highly advisable. In order to be able to hit the market with new customers and increase the customer base Attract customers' attention as well.

- Taxes (Taxes)

It is very important to run any business. It's a good idea to study the tax details and act properly and you won't have a negative impact on your business later on.

- Venture capital (joint investment)

It is to find people to invest or to find partnerships to do more business. The profit will be divided according to the number of shares held by each individual.

- Website

It is essential in doing business to have a website. To increase credibility and provide information about the business that when customers are interested or want to ask more information, they can contact and study more information

- X marks the spot (location)

The location of the company should be appropriate for the business style. Being around people is more likely to lead to interest and recognition of your business name and appearance.

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Details of online marketing services

>> https://www.chatstickmarket.com/langran

Examples of various brands that we take care of online marketing

>>https://www.chatstickmarket.com/portfolio

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