Small Business Encyclopedia

Terms starting with: o

Occupational Safety and Health Administration

Definition: A federal agency that oversees the federal laws requiring employers to provide employees with a workplace free from hazardous conditions

Online Advertising

Definition: Internet advertising whose goal it is to drive customers to your website or location(s), or to make a call regarding your products or services

Online Auctions

Definition: Virtual auctions on the internet. The seller sells the product or service to the person who bids the highest price. For sellers, online auctions open up new sales channels for new products and offer buyers favorable purchasing conditions.

Operating Expenses

Definition: The selling and general and administrative expenses incurred by a business

Outdoor Advertising

Definition: Any advertising done outdoors that publicizes your business's products and services. Types of outdoor advertising include billboards, bus benches, interiors and exteriors of buses, taxis and business vehicles, and signage posted on the exterior of your own brick-and-mortar location.

Outsourcing

Definition: The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them; functions can be outsourced to either a company or an individual

Overhead

Definition: The indirect costs or fixed expenses of operating a business (that is, the costs not directly related to the manufacture of a product or delivery of a service) that range from rent to administrative costs to marketing costs

Overtime Regulations

Definition: The laws that regulate how to compensate employees for working in excess of a standard workweek

Owner's Salary

Definition: The wages a business owner pays himself for work done for the business

Free Business Tools

Forms

Forms

Download and customize these free forms:

Partnership Agreement

Cashflow Worksheet

Employment Application

Calculators

Calculators

Evaluate and analyze your financials:

Cash Flow

Starting Costs

Discounted Cash Flow

Ads by Google

Latest Articles

Failure Is Not the End. It's an Opportunity to Learn.
Failure

Failure Is Not the End. It's an Opportunity to Learn.

Failure is an external event that happens. It is not a personality characteristic.
Ron Burr
How Growing Up With the Internet Made Millennials Different
Millennials

How Growing Up With the Internet Made Millennials Different

The generation dubbed "digital natives'' prefer YouTube to TV and the World Cup to bowl games. Marketers need to adapt.
Jeff Urban
What the Color of Your Logo Says About Your Company (Infographic)
Infographics

What the Color of Your Logo Says About Your Company (Infographic)

The Golden Arches just wouldn't communicate the same thing if they were purple.
Catherine Clifford
10 Inspirational Quotes About Independence From Successful Entrepreneurs
Inspirational Quotes

10 Inspirational Quotes About Independence From Successful Entrepreneurs

Ten famous entrepreneurs tell us why they declared their freedom.
Matthew Toren
Should You License Your Product?
Ask the Money Guy

Should You License Your Product?

An expert breaks down the good and the bad of licensing to help you decide.
No Gender Bias Figured Into What These Franchisees Chose to Do
Franchise Players

No Gender Bias Figured Into What These Franchisees Chose to Do

They used to be in oil and gas; now these guys are into waxing. No, not cars -- women's legs.
Why This Little Pickle Stand Is a Symbol of Big Innovation
Family Businesses

Why This Little Pickle Stand Is a Symbol of Big Innovation

For the company behind Horman's Best Pickles, there's never a 'dill' moment.
Carly Okyle
How to Set Prices for Your Child-Care Service
Starting a Business

How to Set Prices for Your Child-Care Service

Learn to determine pricing that will make you a profit but won't scare away parents.
The Staff of Entrepreneur Media, Inc.
The 12 Steps to Happiness That You Create (Infographic)
Happiness

The 12 Steps to Happiness That You Create (Infographic)

This feeling that we all strive for is a path we choose, not a destination to arrive at.
Jurgen Appelo
5 Ways to Be Present With Your Startup, Not Pestered By It
Leadership

5 Ways to Be Present With Your Startup, Not Pestered By It

The line between being mindfully engaged and completely consumed by your startup can become hazy over time.
Paresh Shah
6 Barriers to Referral Success
Referrals

6 Barriers to Referral Success

Implementing a referral process sounds simple in theory, but it's easier said than done. Here are the challenges -- or better put, the excuses -- that can derail your best referral intentions.
Joanne Black
6 Steps to 'Dancing' Through Conversations With Your Business Partners
Business Partnership

6 Steps to 'Dancing' Through Conversations With Your Business Partners

By having honest, respectful, productive conversations with your partner, you will find the rhythm to help you smoothly and purposefully dance your way through business relationships.
Valeh Nazemoff
6 Tips on Getting Customer Feedback and Making It Actionable
The Grind

6 Tips on Getting Customer Feedback and Making It Actionable

While qll entrepreneurs know that customer insights are invaluable to product design and continued improvement, acquiring and organizing useful feedback is easier said than done.
David Chait
Conferences Are Good for Networking but Great for Marketing
Marketing

Conferences Are Good for Networking but Great for Marketing

Even a tedious conference is a good opportunity to get you and your product in front of potential customers.
Derek Newton
Here Is the Equation for Increasing Your Sales Team's Success
Sales

Here Is the Equation for Increasing Your Sales Team's Success

The "sales velocity equation'' is a simple and ingenious formula for examining the variables you can adjust to close more deals sooner.
Andre Bourque
More Articles

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.

Ads by Google