Friday, September 26, 2025
Starting a business often means navigating a maze of unfamiliar terminology. Whether you’re drafting your first business plan or talking with potential investors, having a grasp of key terms can help you communicate clearly and make informed decisions. Below, we’ll break down some essential concepts every entrepreneur should know.
Understanding Key Business Terms
Business Plan – A written document that outlines your goals, strategies, and financial forecasts. It’s often required by lenders and