Visa (document)

Kurt Graver

A visa (from the Latin charta visa, lit. “paper that has been seen”) is a document showing that a person is authorized to enter or leave the territory for which it was issued, subject to permission of an immigration official at the time of actual entry. The authorization may be a document, but more commonly it is a stamp endorsed …

Business Plan

Kurt Graver

A business plan is a guide—a roadmap for your business that outlines goals and details how you plan to achieve those goals. Here’s what a business plan entails, and how to choose what type is right for your business.   Most business plans cover the company’s first three to five years.

Exit strategy

Kurt Graver

An exit strategy is a means of leaving one’s current situation, either after a predetermined objective has been achieved, or as a strategy to mitigate failure. An organisation or individual without an exit strategy may be in a quagmire. At worst, an exit strategy will save face; at best, an exit strategy will peg a withdrawal to the achievement of …

Plan

Kurt Graver

A plan is typically any diagram or list of steps with timing and resources, used to achieve an objective. See also strategy. It is commonly understood as a temporal set of intended actions through which one expects to achieve a goal. For spatial or planar topologic or topographic sets see map.  

Skill

Kurt Graver

A skill is the learned capacity or ability to carry out pre-determined results often with the minimum outlay of time, energy, or both. In other words the abilities that one possesses. Skills can often be divided into domain-general and domain-specific skills. For example, in the domain of work, some general skills would include time management, teamwork and leadership, self motivation …

Tool

Kurt Graver

A tool is any physical item that can be used to achieve a goal, especially if the item is not consumed in the process. Informally the word is also used to describe a procedure or process with a specific purpose. Tool use by humans dates back millions of years, and other animals are also known to employ simple tools. Tools …

Executive summary

Kurt Graver

An executive summary, sometimes known as a management summary, is a short document or section of a document, produced for business purposes, that summarizes a longer report or proposal or a group of related reports, in such a way that readers can rapidly become acquainted with a large body of material without having to read it all. It will usually …

Secured loan

Kurt Graver

A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral — in the event that the borrower defaults, the creditor takes possession of the asset …

Employment

Kurt Graver

Employment is a contract between two parties, one being the employer and the other being the employee. Employment opportunity comes directly from investment to gain excessive profit in a Business plan in the capitalist economy.

Business idea

Kurt Graver

A business idea is a concept which can be used for commercial purposes. It typically centers around a commodity or service that can be sold for money, according to a unique model. There are several methods for developing and testing a business idea.