Investors that you have an kind of relationship with.
These investors are typically friends and family.
Equipment that will be used for many years.
Total revenues minus total cost minus one time expeditures. This is cash flow.
Self commitment to overcome obstacles to achieve long term goals.
Grit
When you owe someone money
Liability
Amount of money borrowed.
Principal
Less expensive than online lines of credit.
Debt from a bank. Banks require much more information from potential borrowers, and take more time to make a lending decision based on a great deal of analysis.
Money that can be quickly turned into cash.
Cash, publicly traded stocks, government bonds or corporate bonds that can be quickly turned into cash. These are cash instruments.
Decision point where an entrepreneur makes the final decision.
Go/No Go
The right to take possession of collateral until debt is repaid.
Lien
Latin phrase "For the sake of form"
Pro Forma
A loan
A bond is security investors buy and sell, represents legal obligation from the company issuing the bond that they would repay the funds when received.
Something that is given to you in percentages.
Money earned when something is sold. This is commission.
Computer portal offered by the Louisiana Secretary of State.
Geaux BIZ Portal
Legal decision that requires someone to pay another company/person.
Judgment
Revenues minus cost
Profit
Things that are pledged to the bank.
Collateral includes equipment, inventory, or other goods that are pledged to the bank in the case the company can not make a loan payment.
The big price minus the revenue.
Unit price minus cost of goods sold. This is the contribution margin.
An individuals self commitment to achieve long term goals
Grit
Complete package that supports "Go" decision.
Launch Plan
Unit price minus cost of goods sold
Profit per unit
Entrepreneur submits personal information.
An NDA is when the bank signs a document saying that they will keep things between them and the person. This is confidentiality.
Cost that only make up one unit of what you sell.
Costs of goods sold.
People of place who purchase a policy for various types of protection
Insurance Policyholder
Two or more individuals own company.
Partnership
Cost based on the units sold by your enterprise.
Variable costs