Stakeholders
Serves as a roadmap for where the company wants to go and how it plans to get there
What is a business plan?
Section of the business plan that contains an overview of the key points in the entire plan
What is the Executive Summary?
A sort of snapshot of a business's assets, liabilities, and net worth
What is a balance sheet?
"Sourcing the plan" meaning
Individuals who are interested in what a business plan has to say
Who are stakeholders?
Section of the business plan that consists of customer analysis and marketing strategy
What is the Market Needs Assessment section?
The difference between a business's assets and liabilities
What is net worth?
Lenders that typically make low-interest rates secured by collateral
Who are banks?
Make loans and charge interest on a loan until the borrower pays it back. They play no role in the running of the business.
What is a bank?
Section of the business plan where you can find ethical and social challenges the company may face
What is the Ethical/Social Responsibility section?
A statement that shows how much revenue a company brings into the business and the costs and expenses associated with earning that revenue
What is an income statement?
A sum of money given be an organization, especially a government, for a particular purpose
What is a grant?
An investor who wants a say in how the business is run
Who are venture capitalists?
Section of the business plan that may be referred to as "Management Profile" or "Key Personnel"
What is the Business Background section?
A statement that analyzes the cash flow in and out of a company
What is a cash-flow statement?
Something of value a bank can repossess and sell if the customer defaults on a loan
What is collateral?
Business that needs a business plan (more than one answer)
Who are startups/small business/growing business?
Section of the business plan that describes how the product will be manufactured or how the service will be prepared
What is the Product Overview section?
Projected financial reports a start-up business creates
What is a pro forma?
The fourth step an entrepreneur takes to raise money for a startup
What is research grants/loans?