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EII obj 1.0
LAP Sm-007 Nature of Business Plan
| Term | Definition |
|---|---|
| accounting | the process of recording, classifying and summarizing financial transactions. |
| appendix | a small finger-shaped tube that branches off the first part of the large intestine |
| balance sheet | a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time |
| barrier to (market) entry | technology challenges, government regulations, patents, start-up costs, or education and licensing requirements. |
| bottom line | the final result or the most important consideration of a situation, activity, or discussion: |
| business model | a company's plan for making a profit |
| 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 expenditure of money to fund a company's long-term growth |
| capital structure | the specific mix of debt and equity that a company uses to finance its operations and growth |
| cash flow | the net cash and cash equivalents transferred in and out of a company |
| cost estimate | the approximation of the cost of a program, project, or operation. |
| equity | fairness and justice |
| executive summary | provides an overview of the main points of a larger report |
| finance | the management of large amounts of money, especially by governments or large companies |
| financial resources | the funds and assets that finance an organization's activities and investments |
| financing costs | costs incurred from borrowing from lenders or creditors. |
| fixed assets | assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment. |
| funding | money given by a government or organization for an event or activity: |
| human resources | focused on the recruitment and retention of employees within a company. |
| income statement | a financial statement that shows you the company's income and expenditures |
| letter of intent | declares your intent to do a specific thing |
| liabilities | the state of being responsible for something, especially by law. |
| life cycle | the series of changes in the life of an organism including reproduction. |
Created by:
alan.r063
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