Vocabulary
Organizations that promote certain types of businesses
What are trade associations
independent agency of the federal gov.; helps Americans develop new businesses
what is the SBA
this section discusses the short-term, medium-term and long-term visions
what are goals and objectives
in this section you should include extra supporting evidence such as: resume, letters of recommendation, legal documents etc.
what is the appendix
business owned by 1 person
what is a sole proprietorship
A written document that describes all the steps necessary in opening and operating a successful business
what is a business plan
retired executives provide free, confidential advice to entrepreneurs
what is SCORE - service Corps of Retired Executives
this section describes how you came up with the idea and can help lenders, investors, and others understand how your business will operate.
What is history and background
this section very briefly describes why you are asking for a loan and what you plan to do with the money if you receive it
what is statement of purpose
business owned by 2 people
what is a partnership
Financial statements based on projected revenues and expenses
what are pro forma financial statements
organizations made up of professionals in a specific industry, provide educational and networking opportunities
what are trade associations
this section should explain who your prospective customers are, how large the market is, how you plan to enter the market and how you plan to deal with competition
What is marketing
this section briefly describes your business and its potential for success
what is a cover letter
business owned by shareholders and run by Board of Directors
what is a corporation
a letter that explains or provides more information about a document or set of documents
what is cover letter
provides information on local business trends
this section should explain how you will be different from other, and explain the benefits customers will receive by purchasing from you
What is the products or services section
This section you should include your charts and tables to illustrate your point
what is the main body
goal to be achieved within the first year
what is a short-term
listing of material included in a publication
What is table of contents
experts who will provide assistance for a fee
this section explains to prospective lenders and investors what risks you might face and how you plan on dealing with them
What is the current and projected financial statement
in this section you want to capture the readers attention by writing the most important and persuasive points
what is the executive summary
goal of a business after first 5 yrs in existence
what is long-term