Business Concepts Flashcard

Front

Angel Investor

Back

An investor who provides funding for a stake in the business

Front

What does B2B stand for?

Back

Business-to-Business

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What is the purpose of a Balance Sheet?

Back

To compare assets to liabilities plus owner's equity

Front

What does Bootstrapping mean in a business context?

Back

Using personal funds to start a business

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Brand Recognition

Back

The level of familiarity one has with a brand

Front

Break-Even Point

Back

The point where revenue matches expenses

Front

Budget

Back

A plan for spending money during a given period

Front

What does Burn Rate measure?

Back

Monthly cash flow

Front

What is a Business Opportunity?

Back

A situation to evaluate the feasibility of a business

Front

What is a Business Plan?

Back

A document addressing the concept, customers, and capital