The ability to influence others to reach a goal

Necessary to perform the required work-related tasks of a position

Skills gained through life experience or while working on a job

The process of setting goals and deciding how to accomplish them

Someone with experience who can provide advice, suggestions and ideas

Gathering and analyzing of information about a business

All the people and organizations that might purchase a product

The movement of money into and out of a business

A written statement of goals and objectives for a business with a strategy to achieve them

A sentence describing the purpose of the business

The money necessary to start and open a business

Financial statements based on estimates of future business performance, sales and expenses

Reports the assets, liabilities and net worth of the business

Projects revenues and expenses to show if a business is profitable

Reports anticipated sources and uses of cash from operations, investing and financing activities

The way a business is financed

Borrowing money that must be repaid for use in the business

An asset pledged that will be claimed by the lender if the loan is not repaid

Property or items of value a business owns

Capital brought into the business in exchange for a percent of ownership in the business

Money invested in a business by investors who form partnerships or groups to pool investments

Private investors who fund start-up businesses but do not participate in management