|
| INCOME STATEMENT |
| Known also as the profit and loss statement, the income statement shows all income and expense accounts over a period of time. That is, it shows how profitable the business is. |
|
incomestatement , income |
|
|
| BALANCE SHEET |
| The balance sheet is a snapshot of the company`s financial standing at an instant in time. The balance sheet shows the company`s financial position, what it owns (assets) and what it owes (liabilities and net worth). The "bottom line" of a balance sheet must always balance (i.e. assets = liabilities + net worth). |
|
balancesheet |
|
|
| Breakeven Analysis |
| Breakeven analysis is a tool used to determine when a business will be able to cover all its expenses and begin to make a profit. For the startup business it is extremely important to know your startup costs, which provide you with the information you need to generate enough sales revenue to pay the ongoing expenses related to running your business. |
|
breakevenanalysis , finance |
|
|
| Startup Costs |
| Every business is different, and has its own specific cash needs at different stages of development, so there is no generic method for estimating your startup costs. Some businesses can be started on a shoestring budget, while others may require considerable investment in inventory or equipment. It is vitally important to know that you will have enough money to launch your business venture. |
|
startupcosts , startup , investment |
|
|
|
|
|
|
|
|
|
| |
incomestatement , income , balancesheet
financialstatement , breakevenanalysis
finance , startupcosts , startup , investment
cashflowmanagement , cashflow
management , loan , application
financialsupport , creditscoring
capital , credit , estimatingcosts
financingbasics |
|
|
 |
Tag Clouds |
|
|
|
|
|
