This practical glossary compiles a list of 135 most common small business terms you’re likely to encounter in alphabetical order.
Running a business involves a constant learning curve. And that applies whether you’re a rookie entrepreneur just starting out with a great idea for a new business or a more established small business owner with a quickly growing business that needs to expand.
This practical glossary compiles a list of 135 most common terms you’re likely to encounter when running a small business.
When it comes to running a business, knowing your numbers is one of the most important things you need to know. Without a good grasp of financial terms, you could be operating a glorified hobby and not a real business.
- Income & Expenses
- Accounting Services
- Bank Service Charges
- Loan Payments
Every small business term is explained in detail, with clear and concise article style description and practical examples.
Also, financing your business is probably a top concern of yours. Having the right funding is crucial for getting your business off the ground and in flight.
Don’t Be Overwhelmed by Financial Terminology
Before you let yourself get intimidated by all the business finance terms and lingo, just remember that knowledge is power.
Armed with a basic understanding of how small business financing works, you will be prepared to face the financial challenges that go along with being a small business owner.
‘Best Investment Ever’
Personally, I found this book to be very informative and I would highly recommend getting this book if you are an entrepreneur. For a short time, I was running my own business as a Nanny. I wish I had known this book was written and available because it could have acted as a helpful resource to build a better business platform. The information and research that was collected for this book was from reliable sources. The author, Mr. Thomas Herold, did a great job providing the most important information to the listener. Hopefully this audio book helps furfure small business owners and small businesses from becoming another statistic!
‘Packed Full of Practical Advice’
So why do so many small businesses fail? The first part of the book holds the answers. Gathering data from various other studies Mr. Thomas Herold compiles a detailed explanation on the successes and failings of small businesses. Long showcases a thorough understanding in the obstacles one has to overcome. Factors such as, barriers in market entry to discrimination to finances, can cause major difficulties for small business entrepreneurs.