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Worksheets23-01/26-01
Total questions: 83
Worksheet time: 42mins
Different than anything else
Target Market
Pro Forma
Differentiated Offering
Marketing/Selling Strategies
The intended group of customers you want to serve
Target Market
pro forma
makerting/selling strategies
launch plan
A one-page financial projection that lists
your major revenue sources and expenses.
pro forma
marketing/selling strategies
lauch plan
accounting system
how you intend to communicate to large numbers of customers, motivating them to learn more about your business.how you move specific customers to buy from you
Marketing/selling strategies
launch plan
accounting system
revenue
A detailed To Do List of steps you’ll need to take to go from concept and funding all the way to business launch
Launch Plan
Expense
Accounting System
Revenue
Software program to track financial information like budgets, expenditures, invoicing and payroll
Expense
Revenue
Cost of Goods
Accounting System
Income
Expense
Revenue
Cost of Goods
Personnel Cost
The cost required for an item or service. The outflow of money to another person or group to pay for an item or service.
Expense
Cost of Goods
Personnel Cost
Cost of Goods
The cost that it takes to produce a product or service
Cost of Goods
Personnel Cost
Marketing/Sales Cost
Overhead Cost
Money paid by an employer to an employee for work done during a period of time.
Overhead Cost
Marketing/Sales Cost
Personnel Cost
Capital
The amount of money spent to sell product or services
Credit
Marketing/Sales Cost
Overhead Cost
Capital
Cost of running the business that does not lead to the generation of profit
Overhead Cost
Credit
Capital
Venture
The value of funds in accounts or tangible machinery/production equipment
Venture
Capital
Premium
Credit
The trust that allows one party to provide money or resources to another party where that the second party does not reimburse the first party immediately.
Venture
Credit
Premium
Deductibles
A risky or daring journey or undertaking
Venture
Premium
Deductibles
Business Concept
The annual cost to you of your insurance.
Premium
Deductibles
Business Concept
Vision Description
The amount you will pay before the insurance company
reimburses you for a loss.
Deductibles
Business Concept
Vision Description
Prospective Investors
short, simple document that provides a clear summary of a proposed business venture.
Business Concept
Vision Description
Prospective Investors
Hockey Stick Projections
Similar to an elevator speech, a concise, compelling description of the proposed venture.
Seasonality
Prospective Investors
Vision Description
Hockey Stick Projections
A person or entity that may be interested in providing capital for your business venture
Prospective Investors
Seasonality
Hockey Stick Projections
Competitive Reactions
a revenue growth line sort of looks like a hockey stick - flat at first, and then a straight line up.
Expansion Markets
Seasonality
Hockey Stick Projections
Competitive Reactions
Product or services that experience regular and predictable changes that recur every calendar year
Seasonality
Expansion Markets
Assumptions
Competitive Reactions
How your customers and competitors responding to your marketing and selling strategies
Expansion Markets
Competitive Reactions
Seasonality
Assumptions
The ability to go beyond your customers into markets that have not been in your typical plan.
Competitive Reactions
Expansion Markets
Assumptions
Hockey Stick Projections
An idea that is accepted as true or as certain to happen without proof.
Assumptions
Seasonality
Expansion Markets
Competitive Reactions
An activity or action that will maximize use and turn into a benefit.
Exploit
Spurious
Verbose
Clarify
Misleading
Verbose
Spurious
Clarify
Discontinuous
Wordy
Discontinuous
Clarify
Verbose
Primary Research
To make a statement that is more understandable
Primary Research
Secondary Research
Clarify
Discontinuous
Out of ordinary and breaking the routine
Discontinuous
Primary Research
Secondary Research
Experiential
Gathering original data
Experiential
Secondary Research
Primary Research
Proprietary Results
Finding information developed by others
Proprietary Results
Unscientific Responses
Secondary Research
Experiential
Data obtained by providing an experience or an observation.
Unscientific Responses
Proprietary Results
Experiential
Skewing
results available only to the owners of the data
Bias
Proprietary Results
Unscientific Responses
Skewing
A non-representative sample of responses included in a survey
Unscientific Responses
Bias
Skewing
Intervention Bias
A representation that is misleading or unfair.
Focus Group
Bias
Skewing
Intervention Bias
representation that is in favor of or against an idea, person, or group.
Bias
Focus Group
Intervention Bias
Expert Panels
Research data that misrepresents results because of the inappropriate way questions were asked.
Intervention Bias
Expert Panels
Focus Group
Marketing
A demographically diverse group of people assembled to participate in a guided discussion about a particular product or service before it is launched
Expert Panels
Sales
Focus Group
Marketing
A group of experts that have specialized knowledge
Marketing
Sales
Expert Panels
Advertising
Analysis
Advertising
Intervention Bias
Marketing
Sales
Engagement.
Skewing
Advertising
Intervention Bias
Sales
Creativity
Intervention Bias
Proprietary Results
Advertising
Bias
A separate section in your Pro Forma that allows you to make varying assumptions that will help you avoid introducing errors in calculation into the pro forma spreadsheet.
Expenditures
Sensitivity Analysis
Material Impact
Materiality
A financial term that means "big enough to care about."
Materiality
Expenditures
Material Impact
Cumulative Cash Flow
Insignificant changes that do not hurt the overall performance of a business.
Burn cash
Material Impact
Cumulative Cash Flow
Expenditures
The action of spending funds.
Nadir
Cumulative Cash Flow
Expenditures
Burn cash
Cash in and out of the business over a period of time.
Cumulative Cash Flow
Nadir
Variable Cost
Burn cash
A venture spends much more money than it takes in as it establishes its operations,
IT
Nadir
Burn cash
Variable Cost
The lowest point of cumulative cash flow
Free Lance Consultants
Nadir
IT
Variable Cost
Cost that vary depending on the rise and fall of production
Free Lance Consultants
Variable Cost
Free Lance Consultants
IT
Acronym for Information Technology
IT
“Pencils out”
Free Lance Consultants
Evocative
A worker that works independently by selling work or services by the hour, day or job with no intent to pursue a permanent or long-term arrangement with a single employer
Evocative
Free Lance Consultants
Feasible
Pencils out”
A phrase that means to add up or to make economic sense.
Feasible
“Pencils out”
Evocative
Unmet customer need
(unexpressed)
Bringing about strong emotions or feelings
Feasible
Unmet customer need
(unexpressed)
Evocative
Defensible competitive advantage
Possible to do easily or conveniently
Feasible
Defensible competitive advantage
Unmet customer need
(unexpressed)
Attractive Return on Capital
An advantage you have and can sustain over your competition
Defensible competitive advantage
Proprietary
Attractive Return on Capital
Intellectual property
The expectation of money earned based on amount of investment
Intellectual property
Attractive Return on Capital
Proprietary
Proprietary
Owner of information, knowledge, patent, copyright, trademark
Intellectual property
Proprietary
Tenacious talent
Intellectual property
A work or invention that is the result of creativity
Tenacious talent
Contingency
Intellectual property
Human Capital
Every investor invests in people. Investors always evaluate the quality of the human capital
Human Capital
Tenacity
Tenacious talent
Contingency
A team of talented, driven individuals led by a
proven-effective business leader.
Stamina
Human Capital
Contingency
Tenacity
A future event or circumstance that is possible that cannot be predicted with certainty.
Contingency
Tenacity
Stamina
Risk
The quality or fact of being able to endure and continue with determination
Business risk
Tenacity
Stamina
Risk
The ability to sustain prolonged physical or mental effort
Business risk
Risk
Stamina
Market risk
A situation involving exposure to danger."
Risk
Business risk
Reputational risk
Market risk
Risks associated with the success of a single venture.
Business risk
Market risk
Reputational risk
Financial risk
Risks in a market sector that impact all competitors in that sector
Political risk
Market risk
Reputational risk
Financial risk
Risks associated with the reputation and good standing of a venture
Reputational risk
Political risk
Regulatory risk
Financial risk
Risks associated with the financial standing / performance of a venture
Regulatory risk
Mitigation strategies
Financial risk
Political risk
Risks associated due to government passing laws or regulations that could impact the ability to operate.
Regulatory risk
Financial equity
Sweat equity
Mitigation strategies
An action plan for implementing to identify, prioritize and implement actions to reduce risks.
Sweat equity
Mitigation strategies
Financial equity
Value proposition
Funds contributed by owner.
Financial equity
Value proposition
Sweat equity
Start up
When an entrepreneur or small business leader work long hours for little or no pay to make a new venture succeed
Acquisition
Sweat equity
Value proposition
Start up
A value proposition that they believe delivers benefits in excess of the costs required to offer their product or service.
Value proposition
Start up
Acquisition
Franchise
An existing business purchased from its owner
Acquisition
Franchise
Start up
Franchisee
An existing business purchased from its owner.
Franchisee
Acquisition
Franchise
Franchisor
A proven business concept, an established brand, and all types of management support
Royalties
Franchise
Franchisee
Franchisor
The person purchasing a franchise
Franchisee
Joint venture
Franchisor
Royalties
The person or entity offering the sale of a franchise.
Franchisor
Franchise
Royalties
Joint venture
Money owed to a Franchisor per contract agreement.
Joint venture
Royalties
Economy of Expression
Value proposition
A new business launched by two existing businesses.
Joint venture
Defensible competitive advantage
Economy of Expression
Proprietary
Maximum efficiency in representing information.
Franchise
Economy of Expression
Joint venture
Royalties
