To improve your business acumen, you must first learn basic business terminologies.<\/p>\n
However, understanding key business fundamentals does not necessitate a Degree \u00a0in business.<\/p>\n
A continual learning process is a part of running a business.<\/p>\n
As a business person, you should never stop learning\u00a0regardless where you are in your profession, there will always be a new\u00a0skill to learn, new issues to tackle, and new terminology to learn.<\/p>\n
And this is true whether you’re a first-time entrepreneur or a seasoned business owner.<\/p>\n
Audit<\/p>\n
Assets<\/p>\n
Expenses<\/p>\n
Liabilities<\/p>\n
Revenue<\/p>\n
Balance sheet<\/p>\n
Profit margin<\/p>\n
Cash flow<\/p>\n
Inflation<\/p>\n
Return on investment (ROI)<\/p>\n
Working Capital<\/p>\n
Depreciation<\/p>\n
Debt Financing<\/p>\n
Equity Financing<\/p>\n
Financial Statements<\/p>\n
Budget\u00a0<\/span><\/p>\n Market valuation\u00a0<\/span><\/p>\n Collateral<\/p>\n Dividend<\/p>\n Gross Income<\/p>\n Withholding Tax<\/p>\n Stock Market<\/p>\n Value-Added Tax (VAT)<\/p>\n Line of Credit (LOC)<\/p>\n Liquidation<\/p>\n Venture Capital<\/p>\n Trademark<\/p>\n Intellectual\u00a0 <\/span>Property\u00a0<\/span><\/p>\n Due Diligence<\/p>\n Know Your Client (KYC)<\/p>\n Limited Liability Company (LLC)<\/p>\n Joint Venture (JV)<\/p>\n Non-Disclosure Agreement (NDA)<\/p>\n Public Limited Company (PLC)<\/p>\n Memorandum of Understanding (MOU)<\/p>\n Articles of Incorporation<\/p>\n Shareholder<\/p>\n Subsidiary<\/p>\n Board of directors\u00a0<\/span><\/p>\n Exit Strategy<\/p>\n Diversification\u00a0<\/span><\/p>\n Business Plan<\/p>\n Acquisition<\/p>\n Economies of Scale<\/p>\n Human Capital<\/p>\n Initial Public Offerings<\/p>\n Mergers and Acquisitions\u00a0<\/span><\/p>\n Quality Control<\/p>\n Requests for Proposal (RFP)<\/p>\n Corporate Social Responsibility (CSR)<\/p>\n Value Added<\/p>\n Value Chain<\/p>\n Supply Chain<\/p>\n Sustainability<\/p>\n Turnover<\/p>\n Unique Selling Proposition<\/p>\n Lead Generation<\/p>\n Client services\u00a0<\/span><\/p>\n Business Development<\/p>\n Cold Calling<\/p>\n Conversion Rate<\/p>\n Decision Maker<\/p>\n Salesperson<\/p>\n Market Share<\/p>\n Value Proposition<\/p>\n Market Segmentation\u00a0<\/span><\/p>\n Branding<\/p>\n Inbound\/outbound Marketing<\/p>\n Target market\u00a0<\/span><\/p>\n <\/p>\n Strength, Weakness, Opportunity, and Threat (SWOT) Analysis<\/p>\n Just In Time\u00a0<\/span><\/p>\n Research and Development (R&D)<\/p>\n Disruption\u00a0<\/span><\/p>\n User Interface \/ User Experience (UI\/UX)<\/p>\n customer relationship management (CRM)<\/p>\n Enterprise Resource planning (ERP)<\/p>\n Key Performance\u00a0 <\/span>Indicator (KPI)<\/p>\n <\/p>\n 7 Essential Roles in Every Successful Startup and why\u00a0they\u2019re Important<\/a><\/p>\n How to Build\u00a0a Business Continuity Plan and Implement It<\/a><\/p>\nLegal<\/b>\u00a0<\/span><\/h2>\n
Business Operations\u00a0<\/span><\/b><\/h2>\n
Sales<\/b><\/h2>\n
Marketing<\/b><\/h2>\n
Technology<\/b>\u00a0<\/span><\/h2>\n
Read more on Crenov8:<\/h4>\n