Liquidity: Ease of converting assets into cash.
Loan: Money borrowed, to be paid back with interest.
Market Research: Gathering information about consumers' needs.
Market Saturation: A market fully absorbed with a particular product.
Marketing: Promoting and selling products or services.
Merchandising: Selling goods directly to consumers.
Merger: Two companies combining to form one.
Monopoly: Market control by a single company.
Net Income: Total earnings after all expenses.
Networking: Building professional relationships.
Niche Market: Small, specialized market.
Non-Profit: An organization focused on furthering a social cause.
Operating Costs: Day-to-day expenses of running a business.
Outsourcing: Hiring external resources to perform tasks.
Overhead: Ongoing business expenses not directly tied to producing goods.
Patent: Legal right for an invention.
Payroll: Total amount paid to employees.
Pitch: Presentation to sell a business idea.
Profit: Earnings after all expenses are deducted.
Profit Margin: Percentage of revenue that is profit.
Profit Sharing: Distributing a portion of profits to employees.
Public Relations (PR): Managing the spread of information.
Purchasing Power: The value of currency in terms of what it can buy.
Quality Control: Ensuring products meet certain standards.
Recession: Period of economic decline.
Retail: Selling goods directly to consumers.
Revenue: Total income from sales.
Risk: Potential for loss in investment.
ROI (Return on Investment): Profitability of an investment.
Scalability: Ability to grow without being hampered.
SEO (Search Engine Optimization): Improving website visibility in search engines.
Shareholder: An owner of shares in a company.
Social Media Marketing: Using social media platforms for marketing.
Sole Proprietorship: Business owned and operated by one person.
Startup: A new business venture.
Startup Culture: The values and practices of a startup.
Supply and Demand: Relationship between product availability and desire.
Supply Chain: Sequence of processes in production and distribution.
SWOT Analysis: Evaluation of strengths, weaknesses, opportunities, and threats.
Target Market: Specific group a business aims to reach.
Trademark: Symbol or words legally registered for a company or product.
Trade-off: A compromise between two business choices.
Turnover: The rate at which inventory is sold and replaced.
Unicorn: A startup valued at over $1 billion.
Upselling: Encouraging customers to purchase more expensive items.
Valuation: Determining a company's current worth.
Variable Costs: Costs that vary with production output.
Venture Capital: Financing for startups with growth potential.
Webinar Hosting: Host webinars on topics you know well.
Wholesale: Selling goods in large quantities, typically for retail.
GLOSSARY OF 100 TERMS ENTREPRENEURS SHOULD KNOW
Asset: Anything of value owned by a business.
B2B (Business to Business): Transactions between businesses.
B2C (Business to Consumer): Transactions between businesses and consumers.
Bankruptcy: Legal process when a business can't pay its debts.
Bootstrap: Starting a business with minimal resources.
Brand: The identity of a business, shown by its name, logo, and reputation.
Budget: Plan for income and expenses over a period.
Business Model: A plan for how a business will make money.
Business Plan: Detailed plan outlining business goals, strategies, and operations.
Capital: Money or resources used to start and grow a business.
Cash Conversion Cycle: Time between purchasing inventory and receiving cash from sales.
Cash Flow: Movement of money into and out of a business.
Collateral: An asset offered to secure a loan.
Competition: Businesses offering similar products or services.
Consumer: Someone who buys and uses goods and services.
Content Marketing: Creating content to attract and retain customers.
COGS (Cost of Goods Sold): Direct costs of producing goods sold by a company.
Corporation: A legal entity separate from its owners.
Crowdfunding: Raising money from many people online.
Customer Acquisition Cost: Cost to acquire a new customer.
Customer Retention: Keeping customers over time.
Customer Service: Assistance provided to customers.
Data Mining: Extracting useful information from large data sets.
Debt: Money owed by the business.
Demographics: Statistical data of a population.
Depreciation: Decrease in value of an asset over time.
Diversification: Adding variety to reduce risk in a business.
Dividend: A portion of profits paid to shareholders.
E-commerce: Buying and selling goods online.
Economic Indicator: Data reflecting economic performance.
Elevator Pitch: Short description of a business idea.
Email Marketing: Using email to promote products or services.
Entrepreneur: Person who starts and runs a business.
Equity: Ownership in a business.
Expense: Money spent to generate revenue.
Fixed Costs: Costs that do not vary with production level.
Franchise: Right to sell a company's products or services in a certain area.
Freelancer: Self-employed person offering services to multiple clients.
Gross Margin: Sales revenue minus cost of goods sold.
Gross Profit: Revenue minus cost of goods sold.
Growth Hacking: Strategies focused on rapid growth.
Incorporation: Forming a corporate entity.
Inflation: Increase in prices and fall in purchasing value.
Innovation: Creating new ideas, products, or methods.
Inventory: Goods and materials held by a business.
Investment: Money put into a business for growth.
Invoice: A bill for products or services provided.
Joint Venture: Business agreement between two entities.
Liability: A company's financial debts or obligations.
Licensing: Permission to use patented or copyrighted material.