Business

Business Tips & Info

Glossary of Business and Financial Terms

GLOSSARY N


A business or income property with operating expenses and debt service exceeding gross operating income.

The failure of a business practitioner to exercise a degree of care that is reasonable in relation to commonly expected standard.

What is left after deducting all charges.

The excess of revenue when matched with related expenses of the same time period.

The excess of expenses when matched with related revenue for the same time period.

Indicates the owner's equity in a business, calculated by deducting total liabilities from total assets.

A mutual fund for which there are no fees for buying shares or units of the fund.

A cheque for which there are not enough funds in the account of the person who writes it.


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Investing Tips

Ignoring foreign investments means you're missing out on the equity opportunities the world has to offer.
One way to protect yourself from unpredictable downturns in the market is to diversify your holdings.
Taking advantage of the maximum foreign content allowed in your retirement plan can help lower risk by creating diversification while providing potential for growth.

"Recipe for Business Success:

Always keep your eye on the competition, work out your costs, make sure your price is right, develop effective marketing, and play to win!"

~ Maya Gavric

The Power of Appreciation

Team work is the best tool for any business. Show some appreciation to your workers. Employee appreciation and personal thanks, whether in a small business or large corporation works magic. Every employee wants acknowledgment and personal appreciation, which is also the best way to keep them more productive, engaged, loyal and eager to contribute. Employee recognition is a powerful tool to create culture of engagement, so don't forget to offer personal thanks to your older team members. For people new in the business, experienced and older team members can provide support and guide every step of the way, if they are motivated.



Promote locally
to build long term loyalty
Add personal touch
to build trust and connection
Combine the best tools
use online and offline marketing

Did You Know?

It doesn't take a fortune to sell your products and services on the Internet. It just takes some knowledge of what your customers want and how to find a way to present your sales solution to them.

For business people either selling products or promoting their services on the Internet, the importance of attractive, fast, usable sites can't be overstressed. Much like a counter person or storefront, the appearance and function of a business' website conveys an image of the company to the customer.

Your website is your image on the Internet. That image can either be good or bad, and bad images don't sell. Adhering to a few common sense web design rules can help with the public's perception of your company and increase your sales. Find out more...