Glossary
- Accounting
- A system of recording, reporting and analyzing financial transactions for a business.
- Angel Investor
- Individuals who invest in businesses looking for a higher return as compare to the traditional investments.
- Appraisal
- An estimate of the worth or value of something on the open market.
- Bankruptcy
- A federal law, which helps the individuals, sought out their financial crisis.
- Bootstrapping Financing
- It refers to building a business out of little or nothing with no or minimal outside capital.
- Budgeting
- The detailed financial picture of your business.
- Business Incubation
- A business support process providing an array of targeted resources and services to entrepreneurs at start-up.
- Cash Flow
- The actual movement of cash within a business or the record of a company’s money inflow and money outflow.
- Collateral
- Property used as security for a loan, so if the debt is not paid, the lender can sell the property to recover the value.
- Commute
- The process of travelling between one’s place of residence and regular place of work.
- Cyber Worker
- Employees working from home using computer and internet.
- Dot.Com
- Virtual business that is operated on the Internet and does not have traditional storefronts or office space.
- Direct Selling
- It is referred to face-to-face distribution of products or door-to-door selling.
- Depreciation
- Reduction in the value of an asset due to usage, passage of time, wear and tear, or technological outdating.
- Equity
- In a start-up business, the amount of money provided by the owner at the outset; often in conjunction with the amount borrowed as a loan.
- Extranet
- A security system that permits remote users to securely utilize the internet as an extension of a corporate computing network.
- Face Time
- It is of great significance for remote workers in term of professional development.
- Flextime
- Working hours chosen by an employee to fit his or her personal preference.
- Flexiplace
- Gives employees the opportunity to work from home or at a telecenter.
- Free Lancer
- One who doesn’t work under any long-term contractual commitments and negotiate the terms and compensation of the work on their own.
- Hotelling
- An office setup in which mobile workers do not have permanent office, but, rather, make reservations in advance for an office for the days that they commute.
- Home Based Business
- Any type of business located within your residence.
- Keogh Plan
- A federal tax law designed to encourage self-employed business people to set aside money for their retirement up to 20 percent of earnings.
- Key Man Insurance
- Insurance purchased by a company that financially protects the business from the death or disability.
- Netizen
- A citizen of the Internet.
- Netpreneur
- Home workers that make a living while working on internet from home.
- RFA
- It stands for Request for Application, a formal announcement of an opportunity to apply for a grant.
- Remote access
- Any employer accessing from any off site location.
- SOHO
- Abbreviation for “Small Office/Home Office”
- Telecommuting
- Assigning work to the employees without making them come to the work.
