Small Business Owner
A person who starts a new business or purchases an existing business.
The ability to reach others and reach a goal.
What is leadership?
A description of a business and why it will be successful
What is an Executive Summary?
Property or items of value a business owns
What is an asset?
What is capital structure?
A basic skill every entrepreneur should master
What is Basic math functions?
Skills necessary to perform the required job-related tasks of a position
What are job-specific skills?
A sentence describing the purpose of a business.
Two sources of equity financing
What is venture capital and angel investors?
Asset pledged that will be claimed by the lender if the loan is not repaid.
What is collateral?
A quality of effective leadership
What is self-confidence?
skills help an individual perform in the workplace or gain success in a career
What are transferable skills?
Written statement of goals and objectives for a business with a strategy to achieve them
What is a business Plan?
The money necessary to start up and open a business
What is start-up captital?
Reports the assets, liabilities, and net worth of a business
Entrepreneurs willingly risk resources to start and run a business in pursuit of this
What is Profit?
A distinguishing characteristic or quality that makes each person unique.
What is a trait?
The Pro forma financial statement that projects revenue and expenses to show whether or not a business is profitable
What is an income statement?
The movement of money into and out of a business.
What is cash flow?
Projects revenue and expenses to show whether or not a business is profitable
What is pro forma income statement?
A source of professional advice for new entrepreneurs
What is the Small Business Administration (SBA)?
Someone with experience who can provide advice, suggestions, and ideas.
What is a mentor?
This provides an overview of the industry and market that the business will serve
What is a Market Analysis?
Money invested in a business by investors who form partnerships or groups to pool investments.
What is Venture Capital?
reports anticipated sources and uses of cash from operations, investing, and financing activities
What is pro forma cash flow statement?