Business

Business Tips & Info

Glossary of Business and Financial Terms

GLOSSARY R


The relationship of one thing to another. A ratio is a shortcut way of comparing things that can be expressed as numbers or degrees.

Ready for payment. In accounting, a receivable is an asset - it represents money that is owed to you.

The process of verifying a business's own record of cheques written against the bank statement.

A source document for every cheque received from a customer.

That which is held back or stored for future use or in case of emergency.

Selling directly to the customer.

A flow of cash and accounts receivable into the business resulting from the sale of services and goods to customers.

Financial events determining the profit or loss of a business.


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Did You Know?

When thinking about investing and money, keep in mind that the most important element in growing your assets is time.
If you you are using the power of compounding interest and invest a small amount of money every month, say $100 or $200, you'll have more money in the future than someone who starts investing larger amounts latter on.
The best way for you to get started is to set up an automatic withdrawal with your bank.

"Never spend your money before you have earned it." ~ Thomas Jefferson

Pay Yourself First

Make monthly contributions toward your retirement saving before paying any other expense. Regardless of what your financial goals are and whether they have changed, breaking them down into smaller steps may make it easier to get to where you want to go. For example, instead of setting a year-end contribution goal $2,400 to invest in your retirement saving, aim to save an additional $600 over the next three months, $1,200 over six months and so on. If you fall short in one period, try to make it up in the next.



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

Online Promotion

Online advertising to increase traffic to your site is a necessity, but don't forget the fact that repeat customers can also bring in more business and new customers for less cost than any other advertising will.

Your website should be also promoted online via search engines, social media sites, blogs, forums, award sites, directories, article marketing, online classified advertising, online auction sites, banner advertising, electronic magazines and newsletters (e-zines) and links from other web sites. If you are not familiar with online terms, then it is best that you hire an online marketing professional. Find out more...