| A | B |
|---|
| Business plan | a written document that describes all the steps necessary for opening and operating a successful business |
| Cover letter | a letter that introduces and explains an accompanying document or set of documents |
| Executive summary | a short restatement of the report portion of a business plan |
| Harvest strategy | an exit strategy, or the way an entrepreneur intends to extract, or harvest, his or her money from a business after it is operating successfully |
| Pro forma financial statement | a financial statement based on projected revenues and expenses |
| Service Corps of Retired Executives (SCORE) | group made up of retired executives who volunteer their time to provide entrepreneurs with real-world advice and know-how |
| Small Business Administration (SBA) | independent agency of the federal government that was created to help Americans start, build, and grow businesses |
| Small Business Development Centers (SBDC) | centers that provide management assistance to current and prospective small business owners |
| Statement of purpose | brief explanation of why the writer of a business plan is asking for a loan and an explanation of what he or she plans to do with the money |
| Trade associations | organizations made up of professionals in a specific industry |
