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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. 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 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 clear and concise article style description and practical examples.

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.

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