click below
click below
Normal Size Small Size show me how
EII OBJ 1.01
LAP Sm-007 nature of business plan
| Term | Definition |
|---|---|
| Accounting | he process of recording financial transactions pertaining to a business. |
| Appendix | used to provide supporting documentation for key components in your business plan, such as financial statements or market research. |
| Balance sheet | a financial statement that reports a company's assets, liabilities, and shareholder equity. |
| Barrier to entry | factors that can prevent or impede newcomers into a market or industry sector |
| bottom line | a company's net income, or the "bottom" figure on a company's income statement. |
| business plan | a documented strategy for a business that highlights its goals and its plans for achieving them. |
| business structure | the legal structure of a company that influences the day-to-day operations of a business. |
| capital investment | the acquisition of physical assets by a company for use in furthering its long-term business goals and objectives. |
| capital structure | the amount of debt and/or equity employed by a firm to fund its operations and finance its assets. |
| cash flow | money that goes in and out. |
| costs estimate | a project management process that organizations use to provide customers with an estimate of how much completing a project is likely to cost. |
| equity | how many of its component assets are owned by the company |
| executive summary | a short introduction that summarises your business plan. |
| finance | the process of acquiring capital and making financial decisions for a new venture or startup |
| financial plan | the process of assessing the current financial situation of a business to identify future financial goals and how to achieve them. |
| financial resources | describes all of the resources and activities that the company will require—and the expected timeframes—for achieving these objectives. |
| financial costs | the cost, interest, and other charges involved in the borrowing of money to build or purchase assets. |
| fixed assets | a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income. |
| funding | the provision of capital. |
| human resources | the division of a business that is charged with finding, recruiting, screening, and training job applicants. |
| income statement | a financial statement that shows you the company's income and expenditures. |
| letter of intent | a document declaring the preliminary commitment of one party to do business with another. |
| liabilities | the legal debts a company owes to third-party creditors. |
| life cycle | the course of events that leads from the beginning to the end of a product, business, or industry. |