Business dictionary

Αn individual who provides financial support to early-stage startups or entrepreneurs, usually in exchange for equity ownership or convertible debt. Business angels often have a wealth of experience in business and may offer not only funding but also mentorship, advice, and valuable industry connections. They typically invest their personal funds, which allows them to take greater risks compared to traditional venture capital firms. Business angels play a crucial role in the startup ecosystem, helping to bridge the funding gap that many early-stage companies face.

Οutlines how a company generates revenue and profits. It includes the company’s value proposition, target customer segments, key activities, resources, and partnerships, along with its revenue streams and cost structure. It is a key tool for businesses to define their approach to the market.

The total amount of greenhouse gases emitted directly or indirectly by an individual or organization.

The net amount of cash being transferred in and out of a business. Positive cash flow indicates more money is coming in than going out, crucial for growth and sustainability.

A type of bank deposit where the depositor agrees to deposit a certain amount of money for a specified period (e.g., 1 month, 6 months, 1 year). During this period, the depositor cannot withdraw the money without penalties. In return, the bank offers a higher interest rate compared to regular savings accounts. The purpose of a term deposit is to ensure a fixed interest rate and provide guaranteed income from the interest over the specified term.

A financial instrument issued by the holder of a bank account (the drawer), instructing their bank to pay a specified amount of money to a third party (the payee) or to the drawer themselves, provided there are sufficient funds in the account. A cheque is used for making payments without using cash and serves as a method of settling financial transactions. The payee can either cash the amount or transfer it to others through endorsement with their signature.

A business metric that represents the percentage of customers, subscribers, or users who discontinue their relationship with a company within a given period, typically on a monthly or annual basis. It is used especially in subscription-based businesses and indicates customer retention levels. A high churn rate means a company is losing customers rapidly, which can signal issues with customer satisfaction, service quality, or product fit. Monitoring churn rate helps businesses identify areas for improvement and strategize to increase customer loyalty.

An economic system aimed at eliminating waste and the continual use of resources through recycling and reusing.

Long-term changes in temperature, precipitation, and other atmospheric conditions affecting the Earth.

A geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field or industry. Clusters are characterized by the close proximity of companies and organizations that share similar interests, resources, and technologies. They can include businesses at different stages of the value chain, from suppliers of raw materials to manufacturers to service providers