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Essential Small Business Terms You Should Know
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.
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.
Small Business Terms Covers 7 Main Areas:
- Income & Expenses
- Accounting Services
- Taxes
- Licenses/Permits
- Payroll
- Bank Service Charges
- Loan Payments
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.
This Practical Small Business Guide Will Help You With:
- Business Accounting / Bookkeeping
- Business Finance (Credit, Budgeting)
- Business Development, Strategy & Marketing
- Business Planning, Models & Networking
The small business glossary compiles a list of 135 most common terms you’re likely to encounter in alphabetical order. Every small business term is explained in detail, with a clear and concise article style description and practical examples.
Don’t Be Overwhelmed by Small Business 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.
Get Smart with the Financial IQ Series
Please also have a look at other titles in this series. The Herold Financial IQ series covers all major areas and aspects of the financial world.
- Personal Finance, Real Estate, and Banking
- Corporate Finance, Investment, and Economics
- Retirement, Trading, and Accounting
- Debt, Bankruptcy, Mortgage, Small Business, and Wall Street
- Financial Laws & Regulations, Acronyms, and Abbreviations
