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Glossary

  • Acquisition

    Taking ownership of another business. Frequently used in conjunction with the word merger, as in mergers and acquisitions.

  • Advertising

    The activity of attracting public attention to a product or business, as by paid announcements in the print, broadcast, or electronic media. Not to be confused with marketing or public relations.

  • Angel Investors

    Individuals who back emerging entrepreneurial ventures, usually as a bridge to get from the self-funded stage to the level of business that would both need and attract venture capital

  • Appraisal

    A formal estimate of the value of something on the open market. It also describes how the estimation and conclusion of value was made.

  • Audit

    An official examination of your accounts.

  • Barter

    Direct exchange of merchandise and/or services between businesses.

  • Business Incubator

    Provides workspace, coaching, and support services to entrepreneurs and early-stage businesses.

  • Business plan

    A plan detailing your business activities for a certain period of time.

  • Business Valuation

    An estimate of the worth of a business entity and its assets.

  • Capital expenditure

    Money spent on items such as land, buildings and equipment.

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