Generally, a FICO score above 680 will produce a positive response from a lender. Your lease document will provide that you agree (now and in the future) to verify the terms of your lease.įICO is a numeric number, using 3 digits, to predict your credit score. Selling A Business: Expanding Your Business One who organizes, operates, and assumes the risk in a business.Įmployee Stock Ownership Plan – a tax qualified employee benefit plan that invests in the stock of the employer.
#Business lingo dictionary how to
How to build a website for your small businessĮmployee Identification number – allows you to identify your business on important government forms and official documents. The sale of products and services over the Internet. The largest of the online auction houses. “Enrolled Agent”: Type of accountant who must pass a taxation test administered by the I.R.S. The overall process of evaluating a business opportunity including examination of financial records.
The unique name that identifies you to all the other computers on the Internet. census data.Ī non-cash expense of doing business (such as recording that assets are going down in value over time) How to control expenses in a small businessĪ non-negotiable condition no transaction can be closed without including it. (Interest is added to principal so that the interest that has been added also earns interest). In other words, compounding refers to generating earnings from previous earnings. The ability of an asset to generate earnings which are then reinvested in order to generate their own earnings. Your landlord will require you to furnish this as proof of your insurance coverage.Ī business for which you must have the lowest cost to survive.Ĭhoosing A Business: Starting Your Business Small Business Start-Up & Marketing Strategies Large discount chains with powerful buying power and efficiencies of scale. Method of accounting in which you recognize income when you receive the cash, and expense when you receive the bill.Ī simple method of projecting your future needs for cash.
The desired return (profile) you desire to determine the valuation of a business, expressed as a percentage return on your investment.
VIDEO: Raising Capital for Your Small Business The funds and assets invested in a business by the owners.
#Business lingo dictionary license
Just about all businesses require a business license – check for local, county, state or federal requirements.Ī method of how a company generates revenue.Ī written outline that evaluates all aspects of your business.Ī concise definition and description of your intended business, and how you plan to go about it.Ĭommon Area Maintenance expenses which are assessed to tenants.Ĭhoosing A Business Location to Start A Business Small Business E-Commerce: Starting Your BusinessĪ “point-in-time” snapshot listing all of your assets as well as your liabilities.Ĭomparing and matching your checkbook balance with your bank balance.Īgency of the government that is responsible for functions related to taxation. The method of accounting in which you match revenue with expense regardless of when the cash may or may not be collected.Ī means for creating text for images by describing in words what a picture depicts. This glossary serves as a guide to help you become familiar with the terminology used within the MOBI Curriculum TERM
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