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

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5 Ways to Get Your ROI With Your Company's Social Media

Take these key factors into account as you build your social media presence to optimize your brand and ensure maximum visibility.
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The Importance of Portfolio Diversification for Your Investments
Business Moving Forward

The Importance of Portfolio Diversification for Your Investments

Diversifying your portfolio won't bring you quick riches, but it will steadily build wealth over time.
Samuel Edwards
3 Tools That Keep Online Prospects Engaged and Alert
Business Moving Forward

3 Tools That Keep Online Prospects Engaged and Alert

Users who participate in live chat are 3.5 times more likely to convert than those who aren't. So, have you looked into providing live chat?
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5 Strategies To Growth-Hack Social Engagement
Business Moving Forward

5 Strategies To Growth-Hack Social Engagement

Anyone can post on social media. Fewer people can leverage platforms to create meaningful engagement.
Aj Agrawal
The One Reason Leaders Let the Marketplace Pass Them By
Take It From The Pros

The One Reason Leaders Let the Marketplace Pass Them By

Learn to lead your business with constant evolution and growth rather than substituting poor practices with similar poor practices.
Glenn Llopis
Why Your 'Great Idea' Actually Sucks
Selling

Why Your 'Great Idea' Actually Sucks

Don't get caught up in coming up with the next big idea.
Patrick Bet-David
How to Keep Up With Social Media Updates in 10 Minutes a Day
Take It From The Pros

How to Keep Up With Social Media Updates in 10 Minutes a Day

Keeping up with new changes on the various social media platforms is essential to staying ahead on social media.
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4 Ways to Make Your Boss Like You
Navigating a Tough Boss

4 Ways to Make Your Boss Like You

Remember: Your boss is just like your customer. He (or she) is always right.
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Top 10 Tools for Maximizing Business-to-Business Sales
Sales

Top 10 Tools for Maximizing Business-to-Business Sales

Use these tech tools to improve your lead generation and improve your sales relationships.
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How to Avoid Burnout in a High-Stress Environment
Burnout

How to Avoid Burnout in a High-Stress Environment

Feeling overly cynical at work of late? Not sleeping well? Drinking too much? These are all telltale signs that you need to take action.
Jayson DeMers
8 Steps to Creating a Profitable Digital Course
Education

8 Steps to Creating a Profitable Digital Course

One of the easiest ways to scale a business is to create passive income through an online course.
Molly Marie Keyser
Notre Dame Football Legend Rudy Ruettiger Conquers Odds and Hearts
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Notre Dame Football Legend Rudy Ruettiger Conquers Odds and Hearts

Ruettiger shares how having a dream, what he calls 'the edge,' sheer determination and asking 'why not?' in the face of his critics got him where he is today.
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10 Ways to Preserve Cash as a Bootstrapped Startup
Bootstrapping

10 Ways to Preserve Cash as a Bootstrapped Startup

A guide to staying alive for early stage companies short of money.
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Policy Group Argues It's Time to End the Failed War on Drugs
Cannabis

Policy Group Argues It's Time to End the Failed War on Drugs

On a typical night in America, 133,000 people are in jail just for drug possession at vast cost to themselves and taxpayers.
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How This Company Found Success By Putting Its Customers' Dignity Ahead of Profits
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How This Company Found Success By Putting Its Customers' Dignity Ahead of Profits

Hormel Foods saw an opportunity to improve the lives of cancer sufferers and leapt into actions.
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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.

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