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EII OBJ 1.01

LAP Sm-007 nature of business plan

TermDefinition
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.
Created by: Genesis.c
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