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LAP Sm-007 Nature of Business Plan
Term | Definition |
---|---|
Accounting | the action or process of keeping financial accounts |
Appendix | a section or table of additional matter at the end of a book or document |
Balance sheet | a statement of the assets, liabilities, and capital of a business/organization at a particular point in time, detailing the balance of income and expenditure over the preceding period |
Barrier to (market) entry | factors that can prevent/impede newcomers into a market/industry sector |
Bottom line | the final total of an account, balance sheet, or financial document |
Business model | a design for the successful operation of a business, identifying revenue sources, customer base, products, and details of financing |
Business plan | a document setting out a business's future objectives and strategies for achieving them |
Business structure | a category of organization that is legally recognized in a given jurisdiction and characterized by the legal definition of that particular category |
Capital Investment | the acquisition of physical assets by a company for use in furthering it's long term business goals and objectives |
Capital Structure | the particular distribution of debt and equity that makes up the finances of a company |
Cash Flow | the total amount of money being transferred into and out of a business, especially as affecting liquidity |
Cost Estimate | the process of forecasting the cost and other resources needed to complete a project with in a defined scope |
Executive summary | a written amount that gives an overview of the main points of a longer report, business plan, etc... |
Finance | the management of large amounts of money, especially by governments or large companies |
Bottom line | the final total of an account, balance sheet, or financial document |
Business model | a design for the successful operation of a business, identifying revenue sources, customer base, products, and details of financing |
Business plan | a document setting out a business's future objectives and strategies for achieving them |
Business structure | a category of organization that is legally recognized in a given jurisdiction and characterized by the legal definition of that particular category |
Capital Investment | the acquisition of physical assets by a company for use in furthering it's long term business goals and objectives |
Capital Structure | the particular distribution of debt and equity that makes up the finances of a company |
Cash Flow | the total amount of money being transferred into and out of a business, especially as affecting liquidity |
Cost Estimate | the process of forecasting the cost and other resources needed to complete a project with in a defined scope |
Equity | the value of the shares issued by a company |
Finance | the management of large amounts of money, especially by governments or large companies |
Financial plan | a comprehensive picture of your current finances, your financial goals and any strategies you've set to achieve those goals |
Financial resources | the funds and assets that finance an organization's activities and investments |
Financing costs | the cost, interest, and other charges involved in the borrowing of money to build or purchase assets |
Fixed assets | assets which are purchased for long-term are not likely to be converted quickly into cash, buildings, and equipment |
Funding | money provided, especially by an organization/government, for a particular purpose |
Human resources | the department of a business or organization that deals with the hiring, administration, and training of personnel |
Income statement | report of a company's financial performance over a specific accounting period |
Letter of intent | a document containing a declaration of the intentions of the writer |
Liabilities | a thing for which someone is responsible, especially a debt/financial obligation |
Life Cycle | a series of changes in business; birth, growth, and maturation, and eventual decline of a product/service |