strategic planning: the process of determining long-term goals for a business and identifying the best methods to reach them.

angel investor: an individual that provides private capital to entrepreneurs.

business development plan (BDP): a formal, detailed plan for your business that outlines all the different aspects of your business concept.

intent statement: a statement outlining the intended achievements and actions of your business.

mission statement: a statement expressing the overall purpose of a business and its core values and intentions.

vision statement: a statement outlining where a business intends to be in the future and the actions it will take to get there.