This involves entrepreneurs getting their business off the ground by operating as frugally as possible and cutting all unnecessary expenses. It involves borrowing, leasing, and partnering to acquire resources.
What is bootstrapping.
100
These are individual investors or investment firms that invest venture capital professionally.
What are Venture Capitalists.
100
Bankers rely on the 5 ___ to determine the acceptability of a loan applicant.
What is the 5 C's of credit.
100
The period of time a business choses to have its year start and end is called its _________.
What is a fiscal year.
100
This statement reports on the revenue, expenses, and net income or loss for the accounting period.
What is an income statement.
200
This is the money (or capital) raised by taking out loans.
What is debt capital.
200
This is an arrangement whereby a lender agrees to lend up to a specific amount of money at a certain interest rate for a specific period of time.
What is a line of credit.
200
This C of credit refers to the ability of a business to pay a loan in view of its income and obligations (debt).
What is capacity.
200
These are cash or other items (supplies) that a business has and can convert into cash fairly quickly.
What are current assets.
200
This statement reports on the final balances of all asset, liability and owner's equity accounts at the end of an accounting period.
What is a balance sheet.
300
This is cash raised for a business in exchange for ownership in the business.
What is equity.
300
This is the money a business uses to support its operations in the short term.
What is operating capital.
300
This C of credit assesses a loan applicant's valuable assets.
What is collateral.
300
The debts of a business are called _______ and the things of value the business owns are called ________.
What liabilities and assets.
300
This statement reports on how much your business took in and where the cash went.
What is the statement of cash flows.
400
This is money (capital) invested in a company where there is financial risk.
What is risk capital.
400
This is credit one business grants to another for the purchase of goods and services.
What is trade credit.
400
This C of credit considers the conditions of the environment in which the business will operate.
What are the Conditions.
400
The amount of money customers owe your business are called ______ and the amount of money your business owes creditors is called ________.
What are accounts receivable and accounts payable.
500
This is a private investor who funds start-up companies who is a nonprofessional financing source and is often a friend or relative.
What is an angel.
500
What is the SBA? What does it stand for? What level of government?
What is the Small Business Administration - federal level.
500
This refers to proposed or estimated financial statements based on the predictions of how the actual operations of a business will turn out.
What is Pro Forma
500
In the double-entry accounting system, _____ are the left side of the account and ______ are the rights side of the account.