Sample Sidebar Module

This is a sample module published to the sidebar_top position, using the -sidebar module class suffix. There is also a sidebar_bottom position below the menu.

Sample Sidebar Module

This is a sample module published to the sidebar_bottom position, using the -sidebar module class suffix. There is also a sidebar_top position below the search.
Business Terms
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A

    Accounts Payable

    Money that you must pay. The amounts you owe to your suppliers that are due for payment at some point in the future.

    Accounts Receivable

    Money that you are expecting to get. The customer has not yet paid for the sales you made.

    Agreement

    A collective decision made by two or more persons or parties to legally follow the agreed decision.

B

    Bond

    A Bond is a protection purchased by a business for the protection of customers. It is different from insurance as insurance protects the business. Bonds are to protect consumers from harmful, unethical, or otherwise poor business practices. There are two primary types of bonds—fidelity bonds and surety bonds. 

    • Fidelity Bonds: A fidelity bond can be considered a supplement to business insurance because it provides protection for both the customer and the business from theft, misconduct, or fraud on the part of the company's employees.

    • Surety Bonds: A surety bond, which can also be called a performance bond, provides the customer with a guaranteed assurance that the services will be provided as agreed.

    For example, a self-employed house cleaner can obtain a coverage to protect against damage to the customer's home. Businesses and self-employed workers use bonding in advertising when listing the attributes of the company.

    Building Permit

    Gives authorization to straight, demolish, relocate, change or repair a building, or change the use or occupancy of a space.

    Business Competition

    Business competition is the process of businesses and individuals selling to the same customers with similar products and services.

    Business ID

    A unique identification number required by all businesses operating within the City of Calgary.

    Business Idea

    A description of the business.

    Business license

    A license issued by The City of Calgary to a business owner confirming the lawful operation of a business in the city. A business license ensures that measures are in place to protect consumers and ensure public safety. Not all businesses require a business license.

    Business Plan

    A business plan is an essential step in setting up a business. Its key function is to provide a map of the necessary steps to operate one’s own business.

C

    Cash in Hand

    This is cash that you currently have available for use of your business.

    Cash Inflows

    Any money that is coming into business accounts. The sources of cash coming to your business could be through bank loans, sale of product or service, tax refunds, etc.

    Cash Outflows

    Any cash that is going out from the business account. This can be paid for inventory, salaries, taxes, legal fees, or packaging fees, etc. Anything that you pay for your investment, loans, or expenses.

    Cleaning Service

    The business of supplying janitorial or caretaker services.

    Corporation

    A legal entity that is separate from its owners, the shareholders. The corporation name may be identified by the terms Limited, Ltd, Incorporated, Inc, Corporation, or Corp.

    Credit Union

    A non-profit cooperative whose members can borrow from pooled deposits at low-interest rates.

D

    Development Permit

    Authorization from The City of Calgary for a proposed development including the design, location, and use of a building or structure.

E

F

    Fidelity Bonds

    A fidelity bond can be considered a supplement to business insurance because it provides protection for both the customer and the business from theft, misconduct, or fraud on the part of the company's employees.

    Financial Institutions

    A financial institution (FI) is a company engaged in the business of dealing with financial and money transactions such as deposits, loans, savings, and currency exchange. Financial institutions include a wide range of business actions within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers.

    Full-Time Employment

    Working an average of at least 30 hours per week, earning at least minimum wage with non-subsidized earnings. (See also part-time employment)

I

    Inventory

    Supplies or products that your business keeps on hand to meet sales demands.

L

    Land Use Approval

    Approval from The City of Calgary to operate at a given location; often required as part of the approval process. Land use district is a designation or zoning term given to parcels of land within the city. Either it describes uses that are permitted or discretionary as well as specific rules for these districts as explained in the Calgary Land Use Bylaw.

    License of Occupation

    A legal agreement that includes terms and conditions, where a business or organization may lease City-owned land Examples include sidewalk cafés and community association buildings.

    License Violation

    Breaking a rule of the business license bylaws.

M

    Market Research

    Includes customer/community/competition analysis, market estimate, and local analysis.

    Marketing Plan

    The plan to promote the business including the target market, strategy, audience, and budget.

    Massage Practitioner

    A registered member of an approved massage association who administers a massage for a fee.

O

    Observe

    To notice or pay attention to something.

    Operations

    Internal organizational structure and staff required to operate the business, purchasing, quality control, inventory, customer service policies, procedures, and record-keeping.

    Organizational Documents

    Any legal forms required for a business including insurance, bonding, and business license requirements.

P

    Part-Time Employment

    A part-time job is a form of employment that carries fewer hours per week than a full-time job. They work in shifts. The shifts are often rotational. Workers are considered part-time if they commonly work fewer than 30 hours per week.

    Partnership

    A business owned by two or more people on business registration documents. Partner names are mentioned. Profit and loss are divided based on each partner’s financial and physical contribution to the business. Partnerships can also be understood as an agreement in which two or more persons combine their resources in a business.

    Partnership Deed

    Partnership deed is a legal document in which all business partners define their contributions, roles, and responsibilities. This is mostly written before the registration of the business.

    Personal Service

    The business of providing services related to body care and appearance or a therapeutic treatment not recognized by the laws of the Province of Alberta. Services include body or ear piercing, removing hair by electrolysis, esthetics services, hairstyling, and tattooing.

R

    Red Seal

    A recognized standard in Canada for trade occupations. Red seal certificates are acceptable across Canada.

    Residential Building

    Buildings planned for private occupancy whether on a permanent basis or not. Dwellings are divided into the following types: single-family, mobile, cottage, semi-detached, row house, an apartment building.

    Retail Delaer-No Premises

    The business of retail sales operated from a mobile business unit that does not include a distribution manager.

    Retail-Delaer

    Premises: the business of retail sales from a fixed location.

S

    Search Engine Strategies

    a plan to ensure that your website or page is easy to find in internet searches. Webpages like google or any other search site will show webpage suggestions or recommendations.

    Self-Employment

    to organize, manage and assume the risk to start a business or enterprise that ultimately creates a job for the individual and others. A self-employed person is also called an entrepreneur.

    Sole Proprietorship

    a business owned by one person, hence the word sole, meaning one and only one.

    Surety Bonds

    A surety bond, which can also be called a performance bond, provides the customer with a guaranteed assurance that the services will be provided as agreed.

    For example, a self-employed house cleaner can obtain a coverage to protect against damage to the customer's home. Businesses and self-employed workers use bonding in advertising when listing the attributes of the company.

T

    Trade Show

    The business of organizing a commercial exhibition of 10 or more participants, less than one month in duration, for the purpose of having the participants demonstrate and sell products or services.

V

    Venture
    A business venture may also be considered a small business. Most business ventures are created based on the needs of customers.
    Viable Business Idea

    A business idea that supports the needs of the local economy and where there is a reasonable chance for the person to become self-sufficient because of his/her business.

W

    Warehousing
    The business of renting or leasing a space in premises for the storing of goods, wares or merchandise excluding food or food products.
    Wholesaler
    A business that sells goods to other businesses