Small Business Glossary - Browse terms by letter

# | a | b | c | d | e | f | g | h | i | j | k | l | m | n | o | p | q | r | s | t | u | v | w | x | y | z

Small Business Articles

Total Quality Management’s Impact on Different Business Processes

Total Quality Management (TQM) is a competitive approach to long-term success that’s derived from a dedication to customer satisfaction. Within this system, every employee in a company endeavors to enhance the products, services and internal culture to produce a streamlined set of business processes that deliver an improved customer experience. Also commonly known as Quality Management in the United States,…
Read Full Article

How to Finance a Short Sale

A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home below the market price and are subject to approval by the holder of the loan on the property. A short sale home often has the owners still living…
Read Full Article

How Do You Start a Business?

Those who want to start a business off on the right foot need to engage in some careful planning and then take some important legal steps in order to prepare to do business with the public. The following sections cover the planning stage, the financing stage and the legal preparation stage that a business founder will ideally need to go…
Read Full Article

The Importance of Quality Over Quantity

Quality over quantity – it’s a simple concept taught to us throughout our formative years – but it’s one that fits like a square peg in a round hole in today’s corporate environment. The reason that it’s so hard to emphasize quality over quantity is simple – businesses are established to make money as quickly as possible and at the…
Read Full Article

How to Qualify Your Sales Leads

Whatever sales industry you work in, the first step is always going to be the same: to qualify your sales leads to determine how good of a fit they are (or not). This process requires taking the time to learn enough about them to figure out: How much of your time are they worth? Not everyone is going to be…
Read Full Article

How to Perfect the Art of Negotiation

At some point in everyone’s life there is a time to negotiate: buying a new car, asking for a raise, running your business or perhaps just bartering for trade. Negotiation is a two way conversation that by definition is intended to give both parties what they want through compromise and concurrence. Skills in negotiation are highly coveted. The “pros” make…
Read Full Article

Five Common Legal Issues Faced by Businesses

As an owner of a small business, the danger of crippling litigation should also be at the top of your priorities. Legal headaches, especially in America can take you by surprise and severely hurt your business’ bottom line. Here are some of the most common legal issues facing small businesses in America. Disgruntled Employees As a business owner, this will…
Read Full Article

Should a Small Business Practice Total Quality Management?

Total Quality Management is the dedicated effort to providing a continuously-increasing level of quality in an effort to retain the attention (and repeat business) of your customers. Widely practiced throughout the world, large corporations are continuously examining their products and services through the practice of TQM to optimize their competitiveness, paying particular attention to their core customer base. So why can’t…
Read Full Article