12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A business angel is a privately invested investor who provides financial support to entrepreneurs and startups by making a one-time capital investment. These investors bring not only capital, but also experience and contacts to a company and can help entrepreneurs achieve their goals. They are essential in early-stage entrepreneurship, providing venture capital to companies that are otherwise difficult to fund.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Business administration (BWL) is the application of principles of economics to the issues of management and leadership of companies. It deals with the planning, organization, management and control of entrepreneurial activities. Business administration applies to companies of all sizes, from individual enterprises to multinational corporations. It also analyzes the influence of external factors such as economic policy, the business cycle, competition, technology and the international economy on a company.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A management consulting firm is a professional service that helps companies develop and implement strategies, processes, and technologies. Business consultants provide advice and support in the areas of strategy development, process management, organizational development, finance and accounting, marketing, human resources, information technology, corporate culture, and customer service. They work with executives, entrepreneurs, and investors to help companies strategically plan and implement goals.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A startup is the process of establishing a business in which an individual or group of individuals establishes a business to provide a product or service. It can also be considered as the process of setting up a business or enterprise in which an entrepreneur or group of entrepreneurs establish a business with the aim of making profits.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A startup entrepreneur is someone who starts a business to earn their own income. Usually, this person is an entrepreneur who is newly self-employed. Startups must build a business model, create a business plan, make investments, and build a network to establish the business.