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Virtual Business 17 & 18

AB
Financial ProjectionsSection of a business plan that includes a balance sheet, expenditures, income, and proposed sources of funding
FailingWhen a business is doing THIS You should adjust policies
ReducePaying suppliers quickly will do THIS to the cash availible
Owner's equityAssets minus liabilities equals this
Business PlanA valuable tool for every type of business.
how the sections fit togetherIn analyzing a business plan, the most important part is
operationsA good indicator of the strength of a business is its cash flow from THIS
ExpensesWhat a manager in a turnaround situation has the most control over
cashNegative cash flow this means there is less of THIS coming in than going out
loanOne of the reasons you should have a professional business plan is to be able to get one of these
RevenueNegative weekly profits will always resort in negative weekly ___________
questionsTo encourage honest employee feedback, you should be frinedly and ask these
Business PlanFInancial projections, marketing plan, and key personnel are in THIS
LowWhen market share is low, this means that revenue is THIS
StaffingIf physical inventory indicates products are missing, you should adjust this
CustomersIn a business plan, who is your target market
Financial projectionsIn the business plan this is useful to understand business potential
ProfitableIf your sales are declining you should analyze your business and implement a strategy to become
Long term loanA loan that will take over one year to repay
projected salesto find this multiply expected growth by expected sales
executive summaryA short summary of the entire business plan
declining profitOne of the main causes for concern in a business
fixed expensesEven if the business exhibits several warning signs of a turnaround, you should continue to pay this
expensesrevenue minus THESE gives you net profit
Misspelled wordsA professional business plan should never have these
Restock shelvesIn order to keep your current customers satisfied and attract new customers you should do this often
Business PlanSome components of this executive summary, managment team, and financial projections
RevenueTo calculate this you need to add in any increases/decreases in sales and prices
poorlyIf your store is in turnaround, your store is doing THIS
raise themif you discover your business has a gross margin in the negative you will need to do this with your prices
CompetitorsYou would give a business plan to bankers or investors but NOT these


Marketing Education/DECA
Terre Haute South High School
IN

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