Start Your Own Business (115 page)
Read Start Your Own Business Online
Authors: Inc The Staff of Entrepreneur Media
BizBuySell
useful website to find businesses
for sale, as well as online tools
and articles; allied with
The Wall
Street Journal
(888) 777-9892
bizbuysell.com
useful website to find businesses
for sale, as well as online tools
and articles; allied with
The Wall
Street Journal
(888) 777-9892
bizbuysell.com
Business Know-How
ideas, advice, information and
resources for small and home-
based businesses
(631) 467-8883
businessknowhow.com
ideas, advice, information and
resources for small and home-
based businesses
(631) 467-8883
businessknowhow.com
Business Owners Idea Café
lots of ideas, articles and resources
to start and run a business
businessownersideacafe.com
lots of ideas, articles and resources
to start and run a business
businessownersideacafe.com
Business Town
plenty of resources and links to
start and run a small business
businesstown.com
plenty of resources and links to
start and run a small business
businesstown.com
CCH Business Owner’s
Toolkit
provides customizable interactive
forms and spreadsheets, plus
other business tools and
resources
toolkit.cch.com
Toolkit
provides customizable interactive
forms and spreadsheets, plus
other business tools and
resources
toolkit.cch.com
Entrepreneur.com
tons of resources, guides, tips,
articles and more at this informa-
tive website for startup business-
es and growing companies
(949) 261-2325
entrepreneur.com
tons of resources, guides, tips,
articles and more at this informa-
tive website for startup business-
es and growing companies
(949) 261-2325
entrepreneur.com
The Entrepreneurship Institute
provides resources and network-
ing opportunities for business
owners
(614) 895-1153
tei.net
provides resources and network-
ing opportunities for business
owners
(614) 895-1153
tei.net
Smart Biz
resources for small business,
including e-mail marketing cam-
paigns, website creation, legal
and business forms, and online
tools and equipment
smartbiz.com
resources for small business,
including e-mail marketing cam-
paigns, website creation, legal
and business forms, and online
tools and equipment
smartbiz.com
TradePub.com
free trade publications and white
papers for small-business owners
(800) 882-4670
tradepub.com
free trade publications and white
papers for small-business owners
(800) 882-4670
tradepub.com
Business.gov
official business link to the U.S.
Government, with business start-
up and other information
business.gov
official business link to the U.S.
Government, with business start-
up and other information
business.gov
Yahoo! Small Business
Resources
news, articles, and resources on
business basics, e-commerce,
marketing, planning, accounting
and more
http://smallbusiness.yahoo.com
Homebased Business ResourcesResources
news, articles, and resources on
business basics, e-commerce,
marketing, planning, accounting
and more
http://smallbusiness.yahoo.com
American Home Business
Association
homebusinessworks.com
Association
homebusinessworks.com
Mothers Home Business
Network
homeworkingmom.com
Network
homeworkingmom.com
National Association of Home
Based Businesses
(410) 367-5308, (410) 367-5309
usahomebusiness.com
Internet ResourceBased Businesses
(410) 367-5308, (410) 367-5309
usahomebusiness.com
Power Home Biz
lots of resources that include
tools, articles and information on
how to start, manage and grow a
home business
powerhomebiz.com
Inventors and Idea Protectionlots of resources that include
tools, articles and information on
how to start, manage and grow a
home business
powerhomebiz.com
Affiliated Inventors
Foundation Inc.
(800) 525-5885
affiliatedinventors.com
Foundation Inc.
(800) 525-5885
affiliatedinventors.com
American Society of Inventors
(215) 546-6601
americaninventor.org
(215) 546-6601
americaninventor.org
Innovation Assessment Center
Washington State University
(888) 585-5433
business.wsu.edu/organizations/iac/Pages/index.aspx
Washington State University
(888) 585-5433
business.wsu.edu/organizations/iac/Pages/index.aspx
Invention Services
International
sponsors the Invention
Convention Trade Show
Administrative &
Communications Center
(800) 458-5624, (323) 878-6951
inventionconvention.com
International
sponsors the Invention
Convention Trade Show
Administrative &
Communications Center
(800) 458-5624, (323) 878-6951
inventionconvention.com
The Inventors Assistance
League International Inc.
(877) IDEA-BIN
inventions.org
Inventory Management SoftwareLeague International Inc.
(877) IDEA-BIN
inventions.org
AdvancePro
AdvanceWare Technologies
(888) 792-3826
advanceware.net
AdvanceWare Technologies
(888) 792-3826
advanceware.net
inFlow Inventory Software
(866) 923-4974
inflowinventory.com
(866) 923-4974
inflowinventory.com
Traker Systems
(800) 314-6863, (951) 693-1376
trakersystems.com
Laws, Regulations and Employee Benefits(800) 314-6863, (951) 693-1376
trakersystems.com
Benefits Link
informative website regarding
employee benefits, laws and reg-
ulations
(407) 644-4146
benefitslink.com
informative website regarding
employee benefits, laws and reg-
ulations
(407) 644-4146
benefitslink.com
BizFilings
information on incorporating
and related services for business
owners, including forms, advice
and tools needed
(800) 981-7183, (608) 827-5300
bizfilings.com
information on incorporating
and related services for business
owners, including forms, advice
and tools needed
(800) 981-7183, (608) 827-5300
bizfilings.com
Employers of America
information on writing job
descriptions, HR manuals, safety
tips, training resources and more
(800) 728-3187
employerhelp.org
information on writing job
descriptions, HR manuals, safety
tips, training resources and more
(800) 728-3187
employerhelp.org
FindLaw
links to regulatory agencies, sam-
ple forms and contracts, articles
on all aspects of business devel-
opment
(800) 455-4565
smallbusiness.findlaw.com
links to regulatory agencies, sam-
ple forms and contracts, articles
on all aspects of business devel-
opment
(800) 455-4565
smallbusiness.findlaw.com
Small Business Advisor
lots of articles and advice for
startup businesses
isquare.com
lots of articles and advice for
startup businesses
isquare.com
Small Business Notes
useful site that features a wide
variety of business articles and
resources, including legal issues
and record-keeping
smallbusinessnotes.com
Startup Assistanceuseful site that features a wide
variety of business articles and
resources, including legal issues
and record-keeping
smallbusinessnotes.com
American Bankers Association
(800) BANKERS
aba.com
(800) BANKERS
aba.com
Association of Small Business
Development Centers
(703) 764-9850
asbdc-us.org
Development Centers
(703) 764-9850
asbdc-us.org
Commercial Finance
Association
(212) 792-9390
cfa.com
Association
(212) 792-9390
cfa.com
Independent Community
Bankers of America
(202) 659-8111
icba.org
Bankers of America
(202) 659-8111
icba.org
National Association of Small
Business Investment
Companies
(202) 628-5055
nasbic.org
Business Investment
Companies
(202) 628-5055
nasbic.org
National Business Incubation
Association
provides incubator location assis-
tance
(740) 593-4331
nbia.org
Association
provides incubator location assis-
tance
(740) 593-4331
nbia.org
National Venture Capital
Association
(703) 524-2549
nvca.org
Association
(703) 524-2549
nvca.org
SCORE
national office
(800) 634-0245
score.org
Internet Resourcenational office
(800) 634-0245
score.org
Business Finance
thousands of business loan and
capital sources
(800) 835-8857
businessfinance.com
Statsthousands of business loan and
capital sources
(800) 835-8857
businessfinance.com
American FactFinder
online source for population,
housing, economic and geo-
graphic data
(301) 763-INFO (4636),
(800) 923-8282
factfinder.census.gov/home
/saff/main.html
online source for population,
housing, economic and geo-
graphic data
(301) 763-INFO (4636),
(800) 923-8282
factfinder.census.gov/home
/saff/main.html
BizStats
quick online access to useful
financial ratios, business statistics
and benchmarks
(717) 909-6000
bizstats.com
quick online access to useful
financial ratios, business statistics
and benchmarks
(717) 909-6000
bizstats.com
Center for Women’s Business
Research
comprehensive data and informa-
tion on women-owned businesses
(703) 556-7162
cfwbr.org
Research
comprehensive data and informa-
tion on women-owned businesses
(703) 556-7162
cfwbr.org
The Dialog Corp.
extensive online information
retrieval system
(919) 804-6400,
(800) 3-DIALOG
dialog.com
extensive online information
retrieval system
(919) 804-6400,
(800) 3-DIALOG
dialog.com
Industry Research Desk
provides online tools and links
for researching businesses and
industries
virtualpet.com/industry
provides online tools and links
for researching businesses and
industries
virtualpet.com/industry
Valuation Resources
provides links to a wide variety of
industry information resources
(812) 459-7742
valuationresources.com
Time Managementprovides links to a wide variety of
industry information resources
(812) 459-7742
valuationresources.com
Personal Time Management
Guide
a website with tips on goal set-
ting, critical skills, teamwork,
managing stress and more
time-management-guide.com
Guide
a website with tips on goal set-
ting, critical skills, teamwork,
managing stress and more
time-management-guide.com
Project Management and
Collaboration Basecamp
an online project management
tool that increases communica-
tion among teams and clients
basecamphq.com
Collaboration Basecamp
an online project management
tool that increases communica-
tion among teams and clients
basecamphq.com
GLOSSARY
3G:
third-generation cellular networks being built for better voice calls, web browsing and data downloads at speeds up to 2.4Mbps
third-generation cellular networks being built for better voice calls, web browsing and data downloads at speeds up to 2.4Mbps
4G
: the newest generation of cellular phone networks that offers much faster speeds for sending and receiving all types of data
: the newest generation of cellular phone networks that offers much faster speeds for sending and receiving all types of data
80-20 rule:
principle of inventory control that says 80 percent of a business’ sales typically come from 20 percent of its inventory; as a result, most attention should be focused on the 20 percent that generates the most profit
principle of inventory control that says 80 percent of a business’ sales typically come from 20 percent of its inventory; as a result, most attention should be focused on the 20 percent that generates the most profit
802.11x:
any of several wireless local area networking standards—aka Wi-Fi—that transfers data packets over the 2.4GHz or 5GHz radio bands up to 300 feet at speeds up to 300Mbps
any of several wireless local area networking standards—aka Wi-Fi—that transfers data packets over the 2.4GHz or 5GHz radio bands up to 300 feet at speeds up to 300Mbps
ABC method:
method of inventory control that divides items into A, B and C groups based on their importance to the business; most attention is then devoted to the A, or essential, items
method of inventory control that divides items into A, B and C groups based on their importance to the business; most attention is then devoted to the A, or essential, items
Absolute net lease:
a lease in which the tenant agrees to pay a basic rent and be responsible and separately pay for all maintenance, operating and other expenses of the building or office
a lease in which the tenant agrees to pay a basic rent and be responsible and separately pay for all maintenance, operating and other expenses of the building or office
Accounts payable:
a company liability that represents amounts due for goods or services purchased on credit
a company liability that represents amounts due for goods or services purchased on credit
Accounts receivable:
money due to a business from clients and customers; outstanding invoices
money due to a business from clients and customers; outstanding invoices
Accrued expenses:
expenses that have been accounted for on the income statement but that have not yet been paid
expenses that have been accounted for on the income statement but that have not yet been paid
Affiliate:
a company that sells another company’s products or services on its site for a commission
a company that sells another company’s products or services on its site for a commission
Alternative dispute resolution (ADR):
a way of resolving disputes without resorting to litigation
a way of resolving disputes without resorting to litigation
Amenities:
any material goods, services or intangible items that increase the comfort, attractiveness, desirability and value of an office suite or building
any material goods, services or intangible items that increase the comfort, attractiveness, desirability and value of an office suite or building
Americans With Disabilities Act (ADA):
law passed in 1990 that prohibits employers with 15 or more employees from refusing to hire people with disabilities if making “reasonable accommodations” would enable the person to perform the job
law passed in 1990 that prohibits employers with 15 or more employees from refusing to hire people with disabilities if making “reasonable accommodations” would enable the person to perform the job
Angel, angel investor:
describes a private individual who invests money in a business
describes a private individual who invests money in a business
Assemblage:
the combining of two or more contiguous properties into one large property; an assemblage will often make the one large property more valuable than the separate parts
the combining of two or more contiguous properties into one large property; an assemblage will often make the one large property more valuable than the separate parts
Assessment:
the determination or setting of a tax or other charge based on a building’s estimated value
the determination or setting of a tax or other charge based on a building’s estimated value
Asset:
tangible or intangible object of value to its owner
tangible or intangible object of value to its owner
Asset acquisition:
a method of buying a business in which the buyer purchases only those assets of the business he or she wants
a method of buying a business in which the buyer purchases only those assets of the business he or she wants
Asset remarketers, asset remarketing companies:
Firms that work with equipment leasing companies to resell repossessed office equipment through a network of dealers and wholesalers as well as directly to business owners
Firms that work with equipment leasing companies to resell repossessed office equipment through a network of dealers and wholesalers as well as directly to business owners
Attornment:
a lease provision that the tenant agrees, in advance, to accept and pay rent or other required payments to a new landlord or legal owner
a lease provision that the tenant agrees, in advance, to accept and pay rent or other required payments to a new landlord or legal owner
B2B sales:
marketing your products and services to other businesses, as opposed to individual consumers
marketing your products and services to other businesses, as opposed to individual consumers
Balance sheet:
a “snapshot” of the assets, liabilities and owner’s equity of a business for a given period
a “snapshot” of the assets, liabilities and owner’s equity of a business for a given period
Balloon payment:
a large payment (the balloon) at the end of a lease
a large payment (the balloon) at the end of a lease
Base salary:
fixed compensation for services, paid to a person on a regular basis
fixed compensation for services, paid to a person on a regular basis
Batch counter:
feature on a letter-folding machine that prevents the machine from folding too many sheets together
feature on a letter-folding machine that prevents the machine from folding too many sheets together
Binding arbitration:
form of ADR in which the arbitrator’s decision is legally binding
form of ADR in which the arbitrator’s decision is legally binding
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