…a schedule depicting the gradual reduction of debt by means of equal periodic payments sufficient to meet current interest and liquidate the debt at maturity.
…an itemized statement that lists the total assets and the total liabilities of a given business to portray its net worth at a given moment of time.
…A good way to access the feasibility of a business. This is the point at which you are covering your costs, but not yet realizing a profit.
…a written document that outlines goals and how they will be achieved.
Business Plan Guidelines
…this document gives an outline of a well-structured business plan.
…a forecast that predicts the cash coming in and the cash going out of a business over future periods of time.
Profit/Lost Statement (P&L)
…also known as an income statement shows a business’s revenue and expenses for a specific period of time. The difference between the total revenue and the total expenses is the business’s net income, be it a profit or a loss.
Schedule of Liabilities
…depicts any loans, expenses, or any other form of claims on the assets of an entity that must be paid or otherwise honored by that entity.
…this document gives an overview of the steps necessary in starting a small business.