Parts of a Business Plan
A ____ is a written statement of goals and objectives for a business with a strategy to achieve them.
What is a business plan?
Identify 3 ways an entrepreneur can start a business.
What are the 3 types of pro forma financial statements?
What is pro forma balance sheet, pro forma income statement, and pro forma cash flow statement?
Private investors who fund start-up businesses are called_____?
What are Angel investors?
A person who starts a new business or purchases an existing business is an _____.
What is an entrepreneur?
The _____ is a sentence in a business plan that describes the purpose of the business.
What is the mission statement?
Money necessary to start and open a business.
What is start-up capital?
_____ are financial statements based on estimates of future business performance, sales, and expenses.
What is the pro forma financial statements?
Money invested in a business by investors who form partnerships or groups to pool investments.
What is venture capital?
_____ is an asset pledged that will be claimed by a lender if the loan is not repaid.
What is collateral?
_____ is the process of gathering and analyzing of information about a business.
What is market research?
Capital brought into a business in exchange for a percent of ownership in a business is called _____?
What is equity financing?
Financial statement that reports anticipated flow of income and expenses for a business.
What is the pro forma cash flow statement?
What are the 2 common sources of financing for a business?
What is venture capital and angel investors?
Property or items of value a business owns.
What are assets?
The _____ section of a business plan describes how the business will reach its market.
What is the marketing & sales strategy?
Borrowing money that must be repaid for use in the business.
What is debt financing?
Financial statement that projects revenues and expenses to show whether or not a business is profitable.
What is the pro forma income statement?
A _____ is someone with experience who can provide advice, suggestions, and ideas.
What is a mentor?
Process of setting goals and deciding how to accomplish them.
What is planning?
List the sections of a business plan.
What is executive summary, company description, market analysis, organization & management, products, marketing & sales, financial plans, and appendix
Refers to the way a business is financed.
What is capital structure?
Financial statement that reports the assets, liabilities, and net worth of a business.
What is the pro forma balance sheet?
_____ is a nonprofit association of more than 13,000 retired and active businesspeople.
What is SCORE?
What is a trait?