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Small Business Encyclopedia

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Category: Business Plans

Financial Projections

Definition: Estimates of the future financial performance of a business

Financial Statement

Definition: A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow.

Business Plan

Definition: A written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement

Executive Summary

Definition: A nontechnical summary statement at the beginning of a business plan that's designed to encapsulate your reason for writing the plan

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