- Assets - Resources, owned or controlled by a
company, that have future benefits. These benefits must be quantifiable in
monetary terms.
- Balance Sheet - A list of a company's assets,
liabilities, and owner's equity at a particular point in time.
- Break Even - The unit volume where total
revenue equals total cost; there is neither profit nor loss.
- Capacity - The amount of goods or work that
can be produced by a company given its level of equipment, labor, and
facilities.
- Capital - The funds necessary to establish or
operate a business.
- Cash Flow - The movement of money into and
out of a company; actual income received and actual payments made out.
- Cash Flow Statement - A presentation of the
cash inflows and outflows for a particular period of time. These flows are
grouped into major categories of cash from operations, cash investing
activities, and cash-financing activities.
- Collateral - Assets pledged in return for
loans.
- Conventional Financing - Financing from
established lenders, such as banks, rather than from investors; debt
financing.
- Debt Financing - Raising money for a business
by borrowing, often in the form of bank loans. (See Conventional Financing
above)
- Debt Service - Money being paid out on a
loan; the amount necessary to keep a loan from going into default.
- Disbursements - Money paid out.
- Equity - Shares of stock in a company;
ownership interest in a company.
- <Expenses - Outflows of resources to generate
revenues.
- Fixed Costs - Those costs that are not
responsive to changes in volume over the relevant range of time.
- GDOL – Georgia Department of Labor
- Income Statement - A matching of a company's
accomplishments I.e. sales) with effort (expenses from operations) during a
particular period of time. (Revenues -Expenses = Net Income)
- Leasehold Improvements - The changes made to
a rented store, office or plant, to suit the tenant and make the location more
appropriate for the conduct of the tenant's business.
- Letter of Intent - A letter or other document
by a customer indicating the customer's intention to buy from a company.
- Liabilities - Commitments to payout assets
(typically cash) to or render services for creditors.
- Licensing - The granting or permission by one
company to another to use its products, trademark, or name in a limited,
particular manner.
- Liquidity - The ability to turn assets into
cash quickly and easily.
- Market Share - The percentage of the total
available customer base captured by a company.
- Net Worth - The total ownership interest in a
company, represented by the excess of the total amount of assets minus the total
amount of liabilities.
- Partnership - A legal relationship of two or
more individuals to run a company.
- Profit Margin - The amount of money earned
after the cost of goods or all operating expenses are deducted; usually
expressed in percentage terms.
- Pro Forma Statements - A financial statements
detailing management's predictions.
- Receipts - Funds coming into the company; the
actual money paid to the company for its products or services; not necessarily
the same as a company's actual receipts.
- SBA – Small Business Administration
- <SBDC – Small Business Development
Center
- Sole Proprietorship - Company owned and
managed by one person.
- Variable Costs - Those costs that are
directly responsive to changes in volume over the relevant range of time.
- Venture Capitalists - Individuals or firms
who invest money in new enterprises.
- Working Capital - The cash available to the
company for the ongoing operations of the business.
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