General
What does SBA stand for?
Small Business Administration
The way a business is financed
capital structure
The term for the 5 things that are common qualities of successful entrepreneurs is called: ___________________.
The Five P's of Entrepreneurship
Something that protects original creative works such as literature, music, and art,
copyright
Involves two or more individuals who share ownership and responsibilities of a business
partnership
This section should answer how you will sell the products that you are building or carry out the services that you intend to offer.
sales strategy
What does the FTC stand for?
Federal Trade Commission
This is the financial statement that projects revenues and expenses to show whether or not a business is profitable.
income statement
This "P" is the driving force behind entrepreneurship.
passion
This protects brand elements like names, logos, and slogans that distinguish goods or services.
trademark
A type of corporation that is a legal entity separate from its owners, and is designed to avoid double taxation.
S-corp
This is where you describe how you intend to get your products and services in front of your target customers.
The SBA (Small Business Administration)
This is the financial statement that reports anticipated flow of income and expenses for a business.
Cash flow statement
The ability to overcome obstacles and setbacks is: _________________.
perserverance
Protects inventions and technical innovations
patent
One of the most flexible options for structuring your business as a hybrid between corporations and partnerships.
LLC
This is where you prove your knowledge of the industry by breaking down their strengths and weaknesses.
competitive analysis
The ____________ monitors false/misleading advertising, price setting by competitors, and price discrimination.
FTC (Federal Trade Commission)
Money that is necessary to start and open a business is called: __________________
start-up capital
_______________ is necessary for the sustainability and growth of a business.
profit
The _______________________ is the agency responsible for granting U.S. patents and registering trademarks.
USPTO
The U.S. Patent and Trademark Office
a pre-established brand and business model
franchise
This part should appear first and should summarize what you expect your business to accomplish
executive summary
The legal framework of a company that influences its operations, ownership, and profit distribution is called its ___________ ______________.
business structure
Borrowing money that must be repaid for use in the business is called _____________________.
debt financing
Setting goals and outlining strategies to achieve them is called _______________.
Planning
Trademark, patent, and copyright are all assets that are considered: __________________.
intellectual property
The business structure where an individual owns and operates the business, enjoying all profits while bearing unlimited liability for debts.
sole proprietorship
This last section breaks down the financial goals and expectations that you’ve set based on market research.
final projections