Companies (usually start-ups) in the developing / Companies at the beginning of the road. The term comes from the area of innovations/ technology companies that aim to put on the market products with very high growth potential (scaling). In Romania it was/is also used only to designate a company at the beginning of the road, regardless of the field.
Difference between all payments made and receipts
Discovering, analyzing and implementing a business idea(s) with the aim of generating profit
The business plan is a document on the company's strategy and what are the financial expectations for the future
The plan by which you establish the directions by which your company becomes profitable / to increase its profit. The plan includes the sources of income, the targeted customers, the products / services offered, but also the estimated costs
Available funds of your company, intended for investments and current activity
The basic version of the final product you want to launch, in order to get feedback from users
Testing an innovative idea to determine its feasibility
That person who invests his own funds in supporting small companies, usually in exchange for a percentage of the business
A library for start-ups: Providing different forms of support such as mentoring, investors, networking, infrastructure, etc.
Promotion of products / services offered
Way of dividing the possible clients into several groups according to interests/ provenance/studies, etc.
Identifying a target group of people interested in the field in which you work
The way a company puts on the market the products / services it offers. Companies usually create such strategies for entering an existing market with a new product or entering an existing product in a new market
A thorough market research for the industry in which you operate. It includes the identification and evaluation of those who provide the same products / services as you, customer segments, market trends and growth, market entry barriers, legal regulations for the respective market.
Receipt under a contract of a sum of money to be returned with interest
A sum of money received as a result of the approval of a project that you have submitted and with which you have to carry out the proposed activities. The amount received is non-refundable
= Source of funding from the European Union that can benefit both public institutions and bodies, as well as private entities such as SMEs, NGOs, etc.
How an entity strategists communicate key messages to the public
Cumulation of tax rules for a certain category of persons or activities, depending on the situation. Ex: the tax regime of micro-enterprises, dividends, etc.
The object(s) of activity that your company carries out. "NACE" is the acronym for "Classification of Activities in the National Economy", a classification used in statistics
The basic account through which you can make or collect various payments
Intensive version of a business incubator, with an average duration of about 3 months
Physical and mental exhaustion resulting from overwork
Chief Executive Officer / Ceo of a company
Chief Technology Officer / Technical Director
Chief Operating Officer / Chief Operations Manager
Way of estimating the gain generated from a client during his/her lifetime; LTV = average selling price X number of transactions X retention period for a particular customer
Return on Investment / The way you calculate whether what produces or will produce the investment is profitable compared to its cost
Companies that are valued at over 1 billion euros
How you entrust some of your duties and activities to external sources who either ask for a lower price or have more experience
Financing opportunity for start-up companies, with high risk, but also with high growth potential; In exchange for this capital, investors request shares from the company and are most often also involved in the decision-making process within it
Constantly growing company with fast and visible results
Exchange experiences with people both inside and outside your sphere
Company at the beginning of the road, which most often has already begun to have income, but most of the time is not yet profitable
Value added tax is a tax applied to the final consumer and is paid by all legal entities for the products / services provided, with some exceptions. Each country sets the VAT rates that apply in its territory. In Romania, the standard rate is 19%, but there are also reduced rates of 9% and 5% for certain categories of services and products.
Authorized natural person – the simplest form by which persons who have competences in a certain field can carry out economic activities.
The way in which the information obtained through digitization is included in different applications with the purpose of securing the work of the entrepreneur and not only
The process of recording any physical information in digital format
Short but effective presentation of your company for the purpose of scaling it / obtaining investments
The process by which your receipts are increased, but not your expenses
Changing the approach of the directions of action in your company, as a result of the negative reactions received from the market
The process by which you are granted an amount of money as a result of the approval of a project / credit (etc.) that you have submitted
A part of a total amount to be granted to you for the purpose of paying for services
The process by which you are returned a sum of money
The percentage required to be covered by your own sources from the total budget you request in a project
Entity providing funding for a call for proposals
The main document, followed by the set of documents requested in the applicant's guide (CVs, budget, activity plan, etc.), through which you draw up a project in order to apply for funding
