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EII obj 1.01

LAP Sm-007 Nature of Business Plan

TermDefinition
accounting the practice of tracking your business's financial data and interpreting it into valuable insights.
appendix used to provide supporting documentation for key components in your business plan, such as financial statements or market research.
balance sheet a statement of a business's assets, liabilities, and owner's equity as of any given date.
barrier to (make) entry an economics and business term describing 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 model a strategic plan of how a company will make money.
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 Cash flow refers to money that goes in and out.
cost estimate an evaluation and analysis of future costs generally derived by relating historical cost, performance, schedule and technical data of similar items or services.
equity how many of its component assets are owned by the company.
executive summary a short introduction that summarises your business plan.
finance borrowing & lending, investing, raising capital, and selling & trading securities.
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 the funds and assets that finance an organisation'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 company-owned, long-term tangible assets, such as forms of property or equipment.
funding Funding refers to the money required to start and run a business.
human resources the division of a business responsible for 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 Liabilities are what a business owes.
life cycle the course of events that leads from the beginning to the end of a product, business, or industry.
Created by: esmeralda.m753
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