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PlanningABusinessC18
Term | Definition |
---|---|
Mission Statement | A written statement of a business’s overall, or main goal |
Business Plan | A written plan drawn up by an organization and it describes its market, what it offers, its fixed assets and its finances |
Cash Flow | All of the money that comes in and out of a business |
Cash Flow Forecast | A cash flow forecast predicts business’s receipts and payments over a period of time |
Debtors | People who owe a business money |
Creditors | People that the business owes money to |
Working Capital | The money available for businesses to use on a day to day basis |
Liquidity | Is the ability of a business to pay off its short term loans |