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ELL obj 1.01

LAP Sm-007 Nature of Business Plan

TermDefinition
Accounting Process of keeping and interpreting financial records
Appendix Segment added to the end of a document
Balance Sheet Financial statement that captures the financial donation of the business
Barrier Entry Anything that blocks that way to enter a particular market
Bottom Lin Net Income
Business Model Company's Method for making money
Business Plan Company's blueprint for success; shows how the business works now and how it is intended to work for the future
Business Structure Company's configuration of employees for accomplishing specific business tasks
Capital Investment Amount of money the business has invested in its good and property
Capital Structure Organization of the influx and outflow of the businesses money
Cash Flow Movement of funds into and out of a business
Cost estimate Ball-Park figure of how much will be spent on a given activity
Equity Assists minus liabilities: Stockholders, Net worth
Executive Summary The most important part of a company's business plan because it gives and overview of the document
Finance Process of obtaining funds and using them to achieve success
Financial Plan Part of a company's business plan that shows how the business has performed
Financial Resources All the resources of money available to a business or project
Financial Costs Funding a business activity or project
Fixed Assists Items of value a business own that are not expected to change
Funding Money available to a business from one or more resources
Human Resources People who work to produce products or services
Income Statement Financial summary that shows how much money the business had made over a period of time
Letter of Intent Document communicating what a person or business intends to do over a period of time
Liabiliites Responsibilities of the business
Life Cycle Stages through which goods and services move from the time they are introduced
Management Process of coordinating resources in order to accomplish a goal
Market Analysis Systematic study of the market
Market Position Rank of a particular business in a specific market
Marketing Organizational function and set of process for creating communicating and deliver value to the customer
Marketing Plan Set of procedures or strategies for attracting the target customer to a business
Niche Small Segment of the total market interested in a subject
Operations Day-to-day activities required for continued business functioning
Physical Development Efforts involved in the creation of a new product
Product Promotion Type of promotion that aims to persuade consumers to buy a good or service
Profit Monetary reward a business owner receives for taking the risk involved in investing in a business
Resources Any item that is used to accomplish another activity
Return on equity Financial ratio calculated by dividing net income by book value
Return on investment Financial ratio calculated by dividing net profit by investment
Risk Management Plan Business document that involves the planning , controlling and procedures involved in limited business loss
Royalties Percentage of actual sales that a licensee pays to a licensor
Sales Volume Amount of a firms sales
Strategic Plan Long range plan for the company as a whole
Strategy Plan of action for achieving goals and objective
Table of contents Portion of document in which the sections are listed with the page number
Target market Particular group of customers a business seeks to attract
Third party agreement Legal or finacial agreements between two companies
Venture Business or business project
Created by: melvinreyes
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