22 available terms
Glossary
Business and tech terms you need to know, explained with real examples
Business and tech terms you need to know, explained with real examples
It's assigning tasks and responsibilities to other team members, giving them the authority and resources needed to complete them. It's not just 'passing work', it's developing your team.
It's a bridge that allows two applications to communicate with each other. Think of a waiter: you order food (request), the waiter takes the order to the kitchen, and brings you what you asked for (response). The API is the waiter between systems.
It's the process of taking your code from your computer (or test server) to the server where real users will use it. It's like taking a product from the factory to the store.
It's a pre-built structure that gives you tools and rules to develop applications faster. Like IKEA: it gives you the pieces and manual, you just assemble. You don't invent the chair from scratch.
It's reorganizing code to make it cleaner, more efficient and easier to maintain, without changing what it does. Like reorganizing your closet: the clothes are still the same, but now it's easier to find everything.
It's a fixed period (usually 1-2 weeks) where the team commits to completing a specific set of tasks. At the end, they show what they achieved. It's like a mini-project with clear start and finish.
A benchmark is a reference point or standard against which you can compare your performance, processes, or results. In business, it means comparing your metrics with those of competitors or industry leaders to identify areas for improvement and set realistic goals.
An insight is a deep and revealing understanding about something, usually obtained through data analysis, observation, or experience. It goes beyond a simple fact: it's when you connect scattered information and discover something meaningful that helps you make decisions or better understand a situation.
It's how much money your startup loses each month. If you have $500K in the bank and spend $50K more than you generate each month, your burn rate is $50K/month and you have 10 months of runway.
It's the percentage of customers who cancel your service in a specific period. If you have 100 customers and 5 cancel in a month, your monthly churn is 5%. It's your most important health indicator in subscription models.
It's the simplest version of your product that solves the main problem and allows you to validate if it works with real users. It's not your incomplete product, it's your essential product without decorations.
It's changing a fundamental part of your business model when you discover the current direction isn't working. It's not giving up, it's adjusting course with what you learned.
It's the money that comes into your company from sales, before subtracting expenses. It's not profit. If you sell 100 products at $50, your revenue is $5,000 even if your costs are $4,000.
A Growth Mindset is the belief that your abilities can be developed through effort, learning, and persistence. Unlike a Fixed Mindset, where you believe your capabilities are static, with a Growth Mindset you see challenges as opportunities to improve.
Mindfulness is the practice of being fully present and aware in the current moment, without judgment. In the workplace, it translates to full attention, reduced multitasking, and better decision-making under pressure.
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