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EII OBJ 1.01
LAP Sm-007 Nature of Business Plan
| Term | Definition |
|---|---|
| Accounting | The process of keeping and 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 plan for making money |
| Business plan | A company's blueprint for success; shows how the business works now and how it is intended to work in the future; the written business model |
| 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 its goods and other property |
| Capital structure | The organization of the influx and outflow of the company's money, including where the money goes on a regular basis; how a business pays for its operations |
| Cash flow | The movement 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 will be spent on a given activity |
| Equity | Assets minus liabilities; also known as stockholders' (or shareholders') equity, book value, and net worth |
| Executive summary | The most important part of a company's business plan because it gives an overview of the entire document; used to determine whether it is worthwhile to read any further |
| Finance | The process of obtaining funds and using them to achieve the goals of the business |
| Financial plan | The part of a company's business plan that shows how the business has performed (or is likely to perform) financially; how a business intends to use 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 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 shows how much money the business has made or has lost over a period of time; also called the profit-and-loss statement |
| Letter of intent | A document communicating what a person or business intends to do within (or during) a specific timeframe |
| Liabilities | Responsibilities of the business, especially legal responsibilities |
| Life cycle | The stages through which goods and services move from the time they are introduced on the market until they are taken off the market |
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ariyona.s880
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