Venture capital

sustainable

being able to continue into the future

venture capital

money that is invested in new or emerging companies that are perceived as having great profit potential, risk capital

break-even point

point at which total revenue and total cost are equal

failure-tolerant

realizing that some projects will fail but nevertheless investing in them

personnel

staff, employees

appendix

supplementary material that is collected and appended at the back of a business plan

business angel

a particular type of investor, usually a successful entrepreneur, who is willing to invest in high-risk, high-growth firms at a very early stage, venture capitalist

pension fund

a financial institution that collects regular contributions from employers to provide retirement income for employees

business plan

a formal document that describes a business concept, outlines core business objectives, and details strategies and timelines for achieving those objectives

executive summary

a brief recounting of the key points contained in a business plan, management summary

competitive advantage

a company's ability to create more economic value than its competitors

exit strategy

explain how investors will be able to cash out their investment

ICT

information communication technology

revenue

the entire amount of income before any deductions are made

sales forecasts

the projection of probable future sales

asset base

the total value of assets that a company has

reap

to harvest; to obtain as the result of effort