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| Start-up costs | All costs incurred to start a business including the research, business licensing, website development and more. |
| Variable costs | Costs that fluctuate based on units of production. |
| Fixed costs | Costs that stay consistent from month to month, such as rent, utilities, fees. Non production related expenses. |
| Operational expenses include: | Fixed costs like Rent & Utilities |
| Working capital | Represents a company’s ability to pay its current liabilities with its current assets. |
| Profit formula | Revenue - Cost = Profit |
| Debt Financing | When you borrow money to finance your business. You agree to pay back the creditor the funds borrowed, plus interest, by a future date. |
| Equity Financing | The process of raising capital through the sale of shares. Companies raise money because they might have a short-term need to pay bills or need funds for a long-term project that promotes growth. By selling shares, a business effectively sells ownership of its company in return for cash. |
| Angel investors | Generally high-net-worth individuals, family or friends who invest their own money directly in emerging businesses. Most angel are accredited investors, and many are current or former entrepreneurs themselves. |
| Venture capitalists | A form of private equity and a type of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential. |
| Crowdfunding | Methods of funding new businesses ideas and products that rely on receiving small contributions from many supporters. |
| Lines of credit | A form of flexible, direct loan between a financial institution - usually a bank - and an individual or business. |
| Small business loan | Gives you access to capital so you can invest it into your business. The funds can be used for many different purposes includingworking capital or improvements. |
| Bootstrapping | Founding and running a company using only personal finances or operating revenue. |
| Boom Startup | Used to describe startups that are flourishing and expanding quickly, often attracting attention from investors and the business community. |
| Incubators | These entities offer a nurturing environment to help startups grow by providing shared office spaces, mentorship, networking opportunities, and sometimes funding. |
| Start-up Pitching Contests | They offer exposure, networking, learning opportunities, and a chance to secure funding |
| Pro-Forma | Projected revenue and sources of revenue |
| Income statement | An income statement is a financial document that provides a summary of a company's revenues, expenses, and profits over a specific period, reflecting its financial performance. |
| Profit and loss statement | The profit and loss statement, or P&L, is a financial report that outlines a company's revenues, costs, and expenses during a defined period, resulting in either a profit or a loss. |
| Balance sheet | A balance sheet is a financial statement that presents a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insights into its financial position. |
