Chapter 29 NFTE

The capacity to apply higher-level, process oriented thinking.

Property pledged to assure repayment of a loan

Nonprofit institution owned by members and organized for their benefit.

The ability and willingness to change actions to overcome present and future challenges

Funds raised through borrowing that must be repaid and increases companies debt

The power to take ownership of a project and work through obstacles independently.

One time sum required to start a business/cover start-up expenses

The ability to think of ideas and create solutions without clearly defined structures

Your income compared to your debts

The practice of seeing and experiencing problems as opportunities to create solutions.

Starting a business without any outside investment

The capacity to move forward with a decision despite inevitable uncertainty and challenges.

First infusion of capital used to get a business started AKA start-up investment

Money business should have in first 3-6 months for the emergencies when a business starts

Money a business should set aside to cover fixed expenses(3months)

The ability to clearly express ideas to an intended audience

Raising money for a business

The R.O.I. is calculated by dividing net profit by....

EMI stands for....

An optimistic disposition with a focus on gaining skills and knowledge required for a career.