BUDGET
An estimate of income and expenditure for a set period of time.
BUSINESS PLAN
A document setting out a business’s future objectives and strategies for achieving them.
BUSINESS MODEL
A structure for the successful operation of a business, identifying revenue sources, customer base, products, and distribution.
CASH FLOW
The total amount of money being transferred into and out of a business, especially as affecting liquidity.
CO-OPERATIVE
A farm, business, or other organization which is owned and run jointly by its members, who share the profits or benefits.
CORPORATION
A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
CROWDFUNDING
The practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the internet.
FIXED COSTS
Business costs, such as rent, that are constant whatever the quantity of goods or services produced.
GRANTS
Non-repayable funds given by one party, often a government department, to a recipient.
GST
General Sales Tax.
HST
Harmonized Sales Tax.
INCOME TAXES
Annual taxes levied by a government directly on income.
INSURANCE
A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.