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101 key terms
nature of business Plans
| Term | Definition |
|---|---|
| Accounting | The process of keeping the interpreting financial records |
| appendix | A segment added to the end of a document, includes supporting information |
| Balance sheet | a financial statement that captures the financial condition of the business at that particular moment |
| Barrier to (market) entry | anything that blocks the way or makes it more difficult to enter a particular market |
| Bottom Line | Net outcome |
| Business model | The company's method or for making money |
| Business Plan | A company's blueprint for success; shows how the business works now and how it tended to work in the future ; the written business paln. |
| Business structure | The company's configuration of employees for accomplishing specific business tasks ; how the business is organized |
| capital investment | The amount of money the business has invested in it's goods and other property |
| capital structure | the organization of the influx and outflow of the company's money, including where the money goes on regular basis; how a business pays fpr its operations |
| cash flow | The movements of funds into and out of a business, determines the amount of cash the business has to work with at any given time |
| cost estimate | a ball park figure ( or guess ) of how much with be spent on given activity |
| equity | assets minus liabilities; also know stockholders or shareholders equity, book value and net worth |
| executive summary | The most important part of a business plan because it give an overview of the entire document; used to determine whether it is worthwhile to read further. |
| Finance | The process of obtaining funds and using them to achieve goals of the business |
| financial plan | The part of a company's business plan that shows how the business intends to us its money |
| financial resources | all the sources of money available to a business or project |
| financing costs | Funding a business activity or project through debt, equity, or venture capital |
| fixed assets | items of value to a business owns that are not expected to change, e.g., buildings |
| funding | Money available to a business from one or more sources |
| human resources | People who work to produce goods and services |
| income statement | A financial summary that show how much money the business has made or lost over a period of time; also profit and lost statement |
| Letter of intent | a document communication what a person or business intent what to do within a specific timeframe |
| Liabilities | responsibilities of the business, especially legal responsibilities |
| life cycles | The stages through which goods and services move from time they are introduced on the market until they are taken off the market |
| management | The process of coordination resources in order to accomplish an organization's goals |
| Market analysis | a systematic study of the market |
| market position | The rank of particular business in a specific market |
| marketing | an organization and its |
| marketing plan | a set of procedure or strategies for attracting the target customer to a business |
| niche | The small segment of the total market interested in a subject |
| operations | the day to day activities required for continued business functioning |
| physical resources | material items used to accomplish another activity |
| product | The good, service, or idea a business offers it customers |
| product development | The efforts involved in the creation of new product |
| product promotion | A 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 income left once all expenses are paid |
| resources | any item that is used to accomplish an activity such as producing/ providing goods and services |
| return on equity | Financial ratio calculated by dividing net profit by investment |
| return in investment | Financial ratio calculated by dividing net profit by investment |
| risk management plan | A business document that involves the planning, controlling , preventing , and procedures involved in limiting business losses optimizes the relationship of potential loss or gain |
| royalties | A percent of actual sales that a license pays to a licensor usually anywhere from5 to 15 percent |
| sales volume | amount of firm sales usually express in dollars |
| strategic plan | long range plan for the company as a whole usually three to five years out |
| strategy | plan of action of achieving goals and objectives |
| table of contents | The portion of document a business has label with page numbers |
| Target market | group of customer a business seeks to attract |
| Third party agreement | legal or financial arrangement in which two companies do business through 9 or using a third company |
| venture | A new business or bus project |
Created by:
jhair.m327
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