Entrepreneurial Concepts

noun a point at which gains equal losses

verb to reach a point where gains equal losses

• The company needs to increase sales in order to break even this quarter.
• We won't make any profit until we break even on our investment.
• We're not gonna see any money until we hit that break-even point.
• Sometimes in life, you have to endure tough times before you can break even and start seeing success.

noun a person, place, thing, or idea

adjective a word that describes or modifies a noun

• The proposal to launch a manned mission to Mars is considered a crazy idea by many experts.
• Tom came up with a crazy idea to start a business selling customized socks.
• I had this totally crazy idea to dye my hair bright pink, but I chickened out.
• Thinking you can finish all your work in one day is just a crazy idea.

noun a business model where a retailer does not keep goods in stock, but instead transfers customer orders and shipment details to a manufacturer, wholesaler, or another retailer, who then ships the goods directly to the customer

• Many e-commerce businesses rely on dropshipping to fulfill customer orders without holding inventory.
• Dropshipping is a popular way for online stores to sell products without having to keep them in stock.
• I'm thinking of starting a dropshipping business to make some extra cash on the side.
• In the world of online retail, dropshipping is like having a virtual warehouse at your disposal.