Business

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Glossary of Business and Financial Terms

GLOSSARY G


Increase in owner's equity caused by a transaction that is not part of the typical operations and not part of an owner's investments.

An interim financing that provides funding between construction advances and the placement of permanent financing. It may be utilized when funds are being withheld by the permanent lender due to delays in meeting stated objectives concerning a project.

Those accounts filed together which supply information for the preparation of financial statements.

Participant in limited partnership who manages the operation and is liable for all debts.

Honesty of intention.

Intangible business asset that arises from the expectation of continued business activity accruing from the good reputation of a business.

Payment plan with specified regular increases of individual payments to a pre-determined level.

Overall total before deductions (whole amount).

Total income from all sources paid to the business.

Net sales less the cost of goods sold.

The ratio of gross profit to sales. To calculate, divide gross profit by sales. This is key measure, often used to determine the health of a business.

A collection of individual RSP-s (Retirement Savings Plans) that an employer offers to employees.


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Marketing Tips

Today, every businesses must have an online marketing strategy in order to succeed.
Having quality content on your website or blog is excellent marketing strategy you can use to keep people's attention.
You should select your target markets, analyze carefully and then develop a marketing program with a mix of product or service planning, distribution system, price structure and promotional program to reach those target markets. On the end of the provided process should be always satisfied customer.

"Work is life, you know, and without it, there's nothing but fear and insecurity." ~ John Lennon

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If you want run successful business you should have real financial picture of a business. Accurate, up-to date records are very important for every aspects of your business. It's certainly not fun, but without accurate records, you simply cannot run a successful business. It is much easier to deal with various tax departments of government or with your banker if your records are complete and comprehensible. Learn more...



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Did You Know?

Marketing a new product or service is very challenging, because billions of dollars are spent regularly developing and launching new products and services all over the world.

Market failure is the most common reason for a product or service to fail. The other common failures are: financial failure (when product or service doesn't make any or enough money, cost of production and implementation of the service have not been sufficiently thought out in the specification stage, waste of time, etc.); organizational failure (poor management, miscommunication, lost productivity, failure to innovate, poor or bad collaboration, etc.) technical failure (when it doesn't work properly, wrong concept, poor implementation etc.) and political failure (when the source of failure is action by the government). Find out more...