What is Crowdfunding - Vocabulary

donor

A person who gives or contributes. Word family. donate, donation. Example. I'm looking for a generous ____________ for my business.

crowd donor

A large group of people, a 'crowd' who donates money to a good cause. Example. The internet helps businesses seek ______________________ for their start up.

crowd investor

A large group of people, a 'crowd' who invest small amounts of money into a project, new business or new venture. Example. Kickstarter is an online platform that looks for a ___________________ for your business.

Entrepreneur

A person who starts up and takes on the risk of a business. Example. The writers of 'Good Night Stories for Rebel Girls' were publishing ____________.

loan application

An application that gives a lender information about the purpose of the loan as well as the applicant's financial condition. Example. Her ______________ was successful. The bank gave her $50,000 towards her start-up.

innovation (noun)

An improvement of an existing technological product, system, or method of doing something. Word Family. Innovative (adj) , innovate (verb) Example. This business practises ____________. It is always trying new things.

Rewards

Points or cash-back offers that can be used to redeem for products. Airlines, hotels and some retailers offer rewards. These rewards often raise the total cost of a card in terms of annual fee or a higher interest rate. Example. "Grab ____________ give points if you use Grab Taxi's a lot. You can use the _______ for cheaper taxi rides.

small increments

Small increases Example. Over time my salary saw ____________________ from $50 in the first year to $52 in the second year.

business plan

a formal written document that describes the nature of a business and how it will operate. Example. Before you apply for a bank loan, you first write a _____________ and explain how your business will work and make money.

start-up

a newly created company designed to grow fast. Example. I have an idea for a __________ that involves selling advice to iGCSE students.

small business

an independently owned business that usually has the owner as its manager Example. I run a ________________. It is a shop next to Dover MRT station.

increment

increase Example. In the first two years the profit in my small business had small ____________________(s)__.

Capital

money for investment. Example. "A business needs ___________ to pay for goods and services"

Dividends

payments of cash from a corporation to its stockholders. Example. "If you put equity in my business, after 5 years I will pay you ______________ that are worth much more"

investor

person who puts money into a project to earn a profit. Example. It is difficult to find a good ___________ with a risky business.

equity (finance)

sale of stock to raise money Example. "I have a lot of ________ in my own business as I believe it will be successful"

SMB

small and midsize business

social media

websites and applications that enable users to create and share content or to participate in social networking. Example. Facebook, weibo, wechat, whatsapp and instagram are all examples of _____________________.

Roadmap

tells the reader where your paper is going; normally a sentence near the end of your introduction A path to follow for a business that has been well used in the past Example. There is a _____________ for education. Firstly, you graduate primary school, then high school, then university, then get a job.

social capital

the networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

preorder

to order something before it becomes available to the public or larger group. Example. If you ________________ my book, I will sell it to you for $20 instead of $30 that it will cost in the shop.