Small Business Encyclopedia
Category: Business-expansionAcquisition
The purchase of one corporation by another, through either the purchase of its shares, or the purchase of its assets
Alliances
Joining forces with another company or individual to combine talents or strengths in order to attract more business
Franchisable Business
A business that has the potential to be sold as a franchise opportunity, generally having the following characteristics: It is established, offers a unique concept, is teachable and can provide an adequate return to potential franchisees.
Branch Office
A smaller, remotely located office that is separate from a company's corporate headquarters
Diversification
A risk-reduction strategy that involves adding product, services, location, customers and markets to your company's portfolio
Business Broker
A professional who assists in the buying and selling of businesses
Buying a Business
An alternative to starting a business from scratch or buying a business opportunity that involves purchasing an existing business for sale
Mergers
The combination of one or more corporations, LLCs, or other business entities into a single business entity; the joining of two or more companies to achieve greater efficiencies of scale and productivity
Popular Articles
At 16, She Started a Side Hustle While 'Stuck at Home.' Now It's on Track to Earn Over $3.1 Million This Year.
Evangelina Petrakis, 21, was in high school when she posted on social media for fun — then realized a business opportunity.
I'm a CEO, Founder and Father of 2 — Here Are 3 Practices That Help Me Maintain My Sanity.
This is a combination of active practices that I've put together over a decade of my intense entrepreneurial journey.
Remote Work Enthusiast Kevin O'Leary Does TV Appearance Wearing Suit Jacket, Tie and Pajama Bottoms
"Shark Tank" star Kevin O'Leary looks all business—until you see the wide view.
Are Apple Smart Glasses in the Works? Apple Is Eyeing Meta's Ran-Ban Success Story, According to a New Report.
Meta has sold more than 700,000 pairs of smart glasses, with demand even ahead of supply at one point.
The 'Richest' U.S. City Probably Isn't Where You Think It Is
It's not located in New York or California.
Hybrid Workers Were Put to the Test Against Fully In-Office Employees — Here's Who Came Out On Top
Productivity barely changed whether employees were in the office or not. However, hybrid workers reported better job satisfaction than in-office workers.