| A | B |
|---|
| Start Up Costs | one time expenses incured by the entreprenuer when beginging a business |
| Personal Expenses | miscellaneous expenses incured by the entreprenuer for clothing, travel, and entertainment |
| Variable Costs | Expenses that do not remain the same from month to month |
| Fixed Costs | Expenses that are not effected by sale volume |
| Trade Credit | A form of short term financing from within the industry |
| A Line of Credit | A preagrranged loan at an established rate available whenever the business owner needs it |
| Collateral | Something of value that the lender can claim if the debt is not repaid |
| Capacity | ability and willingness to invest personally in a business venture |
| Love Money | Funding that is borrowed by family and friends |
| Equity Funding | Money invested in a business by private investors |
| Equity | Capital contributed by the owner of a business |
