Business

Business Tips & Info

Glossary of Business and Financial Terms

GLOSSARY O


A permit issued by a municipality allowing the premises to be occupied for the uses intended.

Expenditures arising out of current business activities (what it cost you to do business such as; salaries, electricity, rental etc.).

A short term loan to finance working capital needs-that is, accounts receivable and inventory.

The amount of surplus cash to be applied against your operating loan. For example, if you collect $ 1,000 of your accounts receivable, you pay this amount.

The relationship of costs from business activities.

Person who owns and operates a business.

Is a separate account under Owner's Equity to record the decrease to OE as a result of withdrawals of assets for the personal use of the owner.

The claims of the owner against total economic resources is called Owner's Equity.


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Did You Know?

The key to having success with selling online is to get your customers to order directly on the Internet. This way, the order can be sent immediately, while the customer is anxious to buy.
Online orders can be taken seven days a week, 24 hours a day, without any human intervention.
Keep in mind that if you want to do business on the web, you'll have to attract customers just as you do for a physical storefront.

"A goal is a dream with a deadline." ~ Napoleon Hill

Digitize Your Collection

Don't let your old pictures, videos and music collections become obsolete and unusable. Digitize them because they will not last forever, especially if you have VHS cassettes, older film formats, vinyl music collections and precious old pictures. If you don't want to spend time on that, consider using services that will convert for you. Once they are converted you can upload them to your computer or take advantage of free or paid online cloud storage.



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...