Business Glossary

Key terms and concepts for solopreneurs and digital business owners.

Bootstrapping

Finance

Starting a business using only personal savings, with no outside investment.

Digital Employee

Technology

AI-powered software agents or automated systems that perform specific tasks or roles within a business, functioning like a human employee.

MVP (Minimum Viable Product)

Product Development

A version of a product with just enough features to be usable by early customers who can then provide feedback for future product development.

Passive Income

Finance

Earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved.

SaaS (Software as a Service)

Technology

A software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted.

SEO (Search Engine Optimization)

Marketing

The practice of orienting your website to rank higher on a search engine results page (SERP) so that you receive more traffic.

Solopreneur

Business Basics

An entrepreneur who works alone, running their business single-handedly without any W-2 employees.

Vibe Coding

Development

A coding philosophy that emphasizes intuition, flow, and the creative aspect of programming, blending technical precision with artistic expression.

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