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N

Naming a Business

Definition: The act of selecting a word or words by which your company will be known
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Negotiation

Definition: The act of discussing an issue between two or more parties with competing interests with an aim of coming to an agreement
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Net Worth

Definition: The amount of equity a company has, which is the difference between its total assets and total liabilities.
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Network Marketing

Definition: A business model in which a distributor network is needed to build the business. Usually such businesses are also multilevel marketing in nature in that payouts occur at more than one level.
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Networking

Definition: Developing and using contacts made in business for purposes beyond the reason for the initial contact. For example, a sales representative may ask a customer for names of others who may be interested in his product.
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Newspaper Advertising

Definition: Print ads that run in local or national, daily or weekly news publications
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Niche Marketing

Definition: A portion of a market that you've identified as having some special characteristic and that's worth marketing to
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Noncompete Clause

Definition: Contracts between you and your employees in which your employees promise not to take what they learn while working for you and use it against you while working for a competitor. A typical noncompete agreement says the employee agrees not to work for rivals, solicit business from current clients, or otherwise compete with you for some period of time, such as a year, after leaving your company.
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Nonprofit Corporation

Definition: A business organization that serves some public purpose and therefore enjoys special treatment under the law. Nonprofit corporations, contrary to their name, can make a profit but can't be designed primarily for profit-making.
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