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| you look at how your company compares to industry averages and benchmark companies |
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| is really just the mathematical expression of your overall business strategy |
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| describes how well a company conducted it business over a recent period of time |
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| Financial statment overview |
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3 Standard financial statments
1. income statment
2. statement of cashflow concerns itself exclusivly with transactions that involve cash identifies when and how much financing you need.
3. balance sheet- enumerates all of the companies assets, liabilites and shareholder equit |
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| What sends the message that you and your team believe in the upside of your idea |
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| starting at a reduced salary |
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| The major goal of the business plan |
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| is to attract various stakeholders and convince them of the potential of your business |
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| forecasts those expenses on a daily, monthly or yearly basis as appropriate. |
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| Three different types of patents |
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1. utility patent-- usually seek to protect an invention
2. provisional patent- dont have to include patent claims
3. design patent- this patent only covers the appearance of a product |
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| knowledge that may include business knowledge kept secret for the purpose of gaining an advatage * can cover everything a patent can cover and much more |
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| of advertising, any word, symbol or combination therof that is used on goods to indicate their source * any word can become a trademark shapes can also be protected |
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| is a word or symbol or combination used in connection with the offering and provisin of services |
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| cover all manner of writings and the term writigs ads, books, brocures catalogs, jewlry, |
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what % of entrepreneurs start business w/ personal friends
what % of entreprenuers start business w/ spouse or fam |
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| What is the first thing a entrepreneur must do when getting ready to orgaztion he needs to |
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| Being part of a smaller company can get you more involved with... |
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| management and have opportunity for quicker advancment |
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| should be brief, logical, informing, and have a flow to it |
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| When putitng together your busness plan must have some sourt of outline, after your done with this |
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| write your executive summary last |
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| When giving a presentation you must show investorys |
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| that you know the strategies and strengths of the product |
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| When starting a business you must |
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