-Preneurs
An innovator who takes a risk on their own business.
What is an entrepreneur?
A government agency that provides support for small business and entrepreneurs
What is the SBA?
The first segment of your business plan that serves as an overview for your business.
What is the executive summary?
The monetary values of what a business received for goods and services, and other payments
What is revenue?
1/3 of small businesses finance their start up costs using these.
What are credit cards?
These people use a company's existing resources to launch new products
What is an intrapreneur?
approximately 600,000
The number of small business started every year in the US
Your ideal customers.
Who is the target market?
This type of budget highlights a business spending plans for major asset purchases.
What is a capitol budget?
The acronym for the percentage rate of interest money paid yearly for borrowing money
What is an APR?
Also called an home based business owner, or a small business owner.
What is a micropreneur?
His first two car companies were not successful.
Who is Henry Ford?
This statement explains in a sentence or two what your company hopes to become in the future.
What is the Vision Statement?
monthly expenses, unanticipated emergencies, expansion of current inventory, marketing, expansion
What are reasns why a business needs $$?
A specific type of loan that is backed by collateral.
What is a secured loan?
Minimal start-up costs, no rent, comfortable working conditions, no commuting and tax benefits.
What are reasons to start a micropreneur/home-based business.
Chipolte, Subway, Chick-fil-a, too much fat and too many carbs
What are reasons the Pizza industry took a dip in the early 2000's
This section explains how you will communicate with your customers with the goal of selling your service or product
What is Marketing?
The difference between cash flowing in and cash going out.
What is cash flow?
This is a math term and also the process of selling accounts receivable for cash.
What is factoring?
A center that the government sets up to offer new businesses low cost offices with basic business services.
What is an Incubator?
He said " If you fail to plan, you plan to fail."
Who is Ben Franklin?
Projections, sources of income, balance sheets, liabilities, budget and cash flow
What is financial planning?
This type of budget is prepared in advance and helps a business manage the flow if money in and out.
What is a cash budget?
The practice of buying goods and services and paying for them later.
What is trade credit?