Small Business Encyclopedia
About Encyclopedia
No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our Terms A - Z list makes tracking down terms a snap.
Browse encyclopedia by category
Browse by terms A-Z
Popular Terms
Sole Proprietorship
Definition: A business that legally has no separate existence from its owner. Income and losses are taxed on the individual's personal income tax return.
Pricing a Product
Definition: To establish a selling price for a product.
Competitive Analysis
Definition: Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service.
Network Marketing
Definition: A business model in which a distributor network is needed to build the business. Usually such businesses are also multilevel marketing in nature in that payouts occur at more than one level.
Partnership
Definition: A legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. The two most common are general and limited partnerships.
Market Research
Definition: The process of gathering, analyzing and interpreting information about a market, about a product or service to be offered for sale in that market, and about the past, present and potential customers for the product or service; research into the characteristics, spending habits, location and needs of your business's target market, the industry as a whole, and the particular competitors you face.
Popular Articles
He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'
Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.
A California Teen Skipped Through High School, College, and Law School in 4 Years. She Just Passed the Bar at Age 17: 'I Wouldn't Trade It For Anything'
Sophia Park passed one of the most difficult bar exams in the country.
Looking for a Remote Job? Here Are the Most In-Demand Skills to Have on Your Resume, According to Employers.
Employers are looking for interpersonal skills like teamwork as well as specific coding skills.
Meta Fires Employee Making $400,000 Per Year Over a $25 Meal Voucher Issue
Other staff members were fired for the same reason, per a new report.
'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings
Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.
63 Small Business Ideas to Start in 2024
We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.
