Notes 2 Flashcards
An internet phenomenon, where strangers learn about a business online and then decide whether or not to make an investment.
Crowdfunding
The amount an insurance company makes a policyholder pay as part of any claim.
Deductible
Failure to repay a loan.
Default
The commitment to get something done.
Determination
Distinguishing a product or service “different than anything else” attracting customers, generating sales and serving as the foundation for a thriving business.
Differentiated Offering
Money paid by a company to a person who owns stock in that company.
Dividend
A clear, concise and compelling way to describe a business or new business concept in 30 seconds.
Elevator Speech
Open ended questions that prompt more than a “yes” or “no” answer.
Engaging Question
Funds contributed by investors to a business.
Equity (or Capital)
Understanding how individuals and businesses earn money and what they spend money on.
Financial Literacy
The 12-month period a company uses to report financial results.
Fiscal Year
Costs that do not vary based on the units sold by the enterprise.
Fixed Costs
A computer portal offered by the Louisiana Secretary of State that enables entrepreneurs to go to a single source to learn which forms they need to file, the forms required by the Secretary of State, and to determine which other government agencies they may need to interact with.
Geaux BIZ Portal
An individual’s self-commitment to overcome obstacles to achieve long-term goals.
Grit
A credit-worthy individual or business with sufficient liquidity that promises to repay a loan in the event that the debtholder can’t make a required payment.
Guarantor