7.1 Slides - Financing Your Business

Finance (noun)

The management of large amounts of money, such as in business operations.

Finance (verb)

To provide funding or pay for something over time, like financing a purchase.

Business Finance

The funding required by a business for various purposes like starting, growing, or surviving.

Lean Startup

A business approach aiming to reduce costs and time by developing a minimally viable product.

MVP (Minimally Viable Product)

A product with essential features to attract early customers and validate the concept.

Share Capital

Money raised by selling ownership units in a business in exchange for a share of profits.

Debt Capital

Money borrowed by a business that must be repaid within a specified time frame, often with interest.

Secured Loan

A loan backed by collateral, which the borrower forfeits in case of default.

Short-Term Loan

Money borrowed from a bank that must be repaid within a year, typically with interest.

Long-Term Loan

Money borrowed from a bank that is repaid over more than a year, usually with interest.