8 Common Business Finance Terms Explained
Finance & Funding
Key Learnings...
- Jargon is a useful shorthand in business and there are lots of words and phrases that are specific to a business, sector, skill set, or task.
- Ensuring you have a general understanding of business abbreviations, outside of your own skill set, will make things easier all around.
- When speaking with stakeholders, take the time to ensure you don’t use your own abbreviations, not everyone understands your sector or skill set.
Every industry has jargon, those words and phrases that are specific to that business, sector, skill set, or task. Once you've learned it and become immersed in it, there's no question that jargon can be a useful shorthand. It's also true though, that the overuse of these context-specific terms can be a real barrier to understanding some pretty important concepts for anyone who needs to be more casually acquainted with them. Here, Transmit Startups demystify some common terms.
Learn more about;
- Accounts payable
- Profit and loss
- Balance sheets
- Cash flow
- Gross and net profit.
Gain deeper understanding of finance jargon as these terms are clearly explained and defined.
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