Business Plan Vocabulary

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Across
  1. 4. Is the main concept for a new venture. Also referred to as a dream.
  2. 6. Building a start-up company with very little money, often relying on personal savings and pushing for the lowest possible operating costs, while implementing cost-saving systems such as fast inventory turnaround.
  3. 7. Explains the purpose of the business plan, not the purpose of the business. This statement explains the reason for the loan and how much money you will be investing in the business.
  4. 10. The act of gathering and organizing data, making key decisions, and preparing your financial projections.
  5. 13. An entrepreneurs examination of a potential market in tow key areas, identification of prospective customers and their buying habits and the likelihood of this new business being successful within the current field or industry.
  6. 14. A formal document describing a new business and the need for financial support.
Down
  1. 1. Includes the proposed name, proposed location, a brief statement of the nature of the business, names of owners, and the legal form of ownership. Also referred to an executive summary.
  2. 2. Based on a market analysis in which you research your potential customers, your proposed product or service, the competition market trends and available suppliers. Marketing plan also describes your marketing strategy.
  3. 3. A business mission, also called a mission statement, is a brief description of an organization’s purpose with reference to its customers, products or services, markets, philosophy, and technology.
  4. 5. A portion of the business plan that includes an organizational chart, job descriptions, and short résumé of the owners, and discuss operations like the business's policies on day to day matters including credits returns, deliveries and customer service.
  5. 8. an overview of how your business will operate. This section describes the physical layout, hours of operation, and the steps involved in getting your product or service to customers.
  6. 9. Contains a number of pro forma or projected financial statements which include profit and loss statements, cash flow projections, and balance sheets. It should be accompanied by an explanation of how the figures were calculated.
  7. 11. Money invested into a company or project by its owners.
  8. 12. The money that someone is paid every week by their employer.