My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Back to Encyclopedia

Management

Family Businesses

Definition: A business actively owned and/or managed by more than one member of the same family
Read More

Advisory Boards

Definition: A group of individuals who've been selected to help advise a business owner regarding any number of business issues, including marketing, sales, financing, expansion and so on; a body that advises the board of directors and management of a corporation but does not have authority to vote on corporate matters
Read More

Corporate Culture

Definition: A blend of the values, beliefs, taboos, symbols, rituals and myths all companies develop over time
Read More

Government Contracts

Definition: Agreements that outline business transactions between companies and government entities
Read More

Benchmark

Definition: A standard or point of reference in measuring or judging the current value or success of your company in order to determine your future business plans
Read More

Delegation

Definition: The assignment to others of the authority for particular functions, tasks and decisions
Read More

Exit Strategy

Definition: The planned exit of an owner from their business
Read More

Mission Statement

Definition: A sentence describing a company's function, markets and competitive advantages; a short written statement of your business goals and philosophies
Read More

Trade Association

Definition: An organization that represents the interests of the member firms of an industry
Read More

Owner's Salary

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

Selling Your Business

Definition: The process of putting your business up for sale by an individual or other company
Read More

Social Responsibility

Definition: Acting with concern and sensitivity, aware of the impact of your actions on others, particularly the disadvantaged
Read More

Succession Plan

Definition: The process of planning for the day a business owner decides to step down from their leadership role
Read More

POPULAR ARTICLES

inefficiency

How to Ditch the Inefficiencies That Are Eating Your Revenue

These four changes can help you zap revenue-sapping inefficiencies.
Founders

The Secret Weapon 2 Famous Founders Deployed to Build Their Mega-Successful Companies

As Steve Jobs and Jeff Bezos found, success comes when you turn your business into a reflection of your values.
Ice Cream

Why Phil Mickelson Just Invested in Frozen Yogurt-Making Robots

The five-time major champion and his business partner has just signed on to open 30 Reis & Irvy's locations in San Diego.