10 terms

Entrepreneurship - Chapter 3

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business plan
A written document that describes all the steps necessary for opening and operating a successful business
pro forma financial statement
A financial statement based on projected revenues and expenses
harvest strategy
An entrepreneur's plan for extracting his or her money out of the business after it has become successful
cover letter
A letter that introduces and explains an accompanying document or set of documents
statement of purpose
A brief explanation of why you are asking for a loan and what you plan to do with the money
executive summary
A short restatement of a report
Small Business Administration (SBA)
An independent agency of the federal government created to help Americans start, build, and grow businesses
Small Business Development Centers (SBDC)
centers that provide management assistance to current and prospective small business owners
Service Corps of Retired Executives (SCORE)
Organization made up of retired executives who volunteer their time to provide entrepreneurs with real-world advice and know how
trade associations
organizations made up of professionals in a specific industry
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