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100 Words Every Small Business Owner Should Know

June 15, 2026

100 Words Every Small Business Owner Should Know

No. Item Definition
1. accounting tracking and reporting finances
2. advertising paid promotion to attract buyers
3. analytics data used to measure performance
4. asset something valuable the business owns
5. audit official review of records
6. automation using technology to reduce manual work
7. bookkeeping recording financial transactions
8. brand identity customers recognize
9. break-even point of no profit or loss
10. budget spending and income plan
11. capital money used to fund operations
12. cash flow movement of money in and out
13. client customer of professional services
14. compliance following laws and rules
15. contract binding legal agreement
16. contractor independent worker hired temporarily
17. credit ability to borrow or defer payment
18. customer person who buys from you
19. deadline latest time something is due
20. debt money owed to others
21. delegation assigning work to others
22. delivery bringing goods to destination
23. demand customer desire to buy
24. discount reduced price
25. e-commerce buying and selling online
26. efficiency doing work with less waste
27. employee person working for the business
28. equity ownership value after debts
29. expense money spent to operate
30. feedback customer opinions and reactions
31. follow-up later action after contact
32. forecast prediction of future results
33. founder person who started the business
34. franchise licensed business using established brand
35. fraud deception for financial gain
36. fulfillment processing and sending orders
37. growth increase in business size
38. insurance protection against financial loss
39. interest cost of borrowing money
40. interview meeting to assess a candidate
41. inventory goods kept for sale
42. invoice bill sent to a customer
43. KPI key measure of success
44. lead potential customer
45. lease contract to rent property
46. liability debt or financial obligation
47. license official permission to operate
48. loan borrowed money to repay
49. logistics moving and storing goods
50. manager person directing work and staff
51. margin difference between sales and cost
52. market group of potential buyers
53. marketing promoting products or services
54. markup amount added to cost
55. metric measurable performance indicator
56. negotiation discussion to reach agreement
57. niche specialized market segment
58. onboarding integrating a new hire
59. operations day-to-day business activities
60. order request to buy something
61. outsourcing hiring outside help for tasks
62. overhead ongoing operating costs
63. owner person who possesses the business
64. payroll employee wages and salary payments
65. permit official approval for activity
66. pitch brief persuasive sales presentation
67. policy official business rule
68. profit money left after costs
69. promotion activity to boost sales
70. proposal formal offer of services
71. purchase buying goods or services
72. quality standard of excellence
73. quote estimated price for work
74. receipt proof of a payment
75. referral customer recommendation
76. refund money returned after purchase
77. rent payment for using property
78. retail selling directly to consumers
79. retention keeping existing customers
80. revenue money a business brings in
81. review public customer evaluation
82. salary fixed regular employee pay
83. sales selling goods or services
84. SEO improving search engine visibility
85. service help provided to customers
86. shipping sending goods to customers
87. strategy plan to achieve objectives
88. supplier company providing materials or goods
89. supply amount available to sell
90. tax government charge on income or sales
91. terms conditions of an agreement
92. training teaching needed job skills
93. trust customer confidence in reliability
94. turnover rate inventory or staff changes
95. valuation estimated business worth
96. value worth to the customer
97. vendor seller supplying your business
98. wage pay for work done
99. warranty promise to repair or replace
100. website business presence on the internet
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