Sources of Funding
What is the term for personal funds that an entrepreneur invests in their own startup?
Bootstrapping
What type of loan is specifically designed for business purposes?
Business Loan
What is the purpose of a business plan?
What is "to outline the business strategy and attract investors?
What is the term for someone who starts and runs their own business?
Entrepreneur
What is ASB
Associated Student Body
What type of funding comes from friends and family?
family and friends funding
What is the term for a credit history evaluation carried out by lenders?
Credit check
What section of a business plan details the target market?
Market Analysis
What is the primary motivation for most entrepreneurs?
Profit
What is FCA?
Fellowship of Christian Athletes
What is the online platform where entrepreneurs can raise small amounts of money from a large number of people?
Crowdfunding
Which government program provides loans and grants to small businesses?
SBA
What financial projections should be included in a business plan?
Income statement and cash flow statements
Name a couple of descriptions used to arrive at one's target market.
demographics, psychographics, geographics, behavior
What is HYLC
Hispanic Youth Leadership Council
What type of individuals provide capital in exchange for equity in the company?
angel investors
What document should you review prior to accepting a credit card?
Credit Disclosure Statement
What is the term for a concise overview of the business plan?
Executive Summary
What characteristic is essential for an entrepreneur to succeed in a competitive market?
Innovation
What is PAHS club?
Pan-Asian Heritage Society
What are the 3 Capital Structures?
Bootstrapping, Debt and Equity financing
What is the term used when an investors receives part ownership of your business?
Equity
Name 3 parts of a business plan
Executive summary, Management, financial statements, marketing analysis, operations, H/R, company description, products and services
What is the accounting equation?
Assets= Liabilities + O/E (stockholders equity)
What is the FFA club?
Future Farmers of America