Business A to Z

Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.

Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.

Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.

38 terms filed under B, showing 31–38 (page 4 of 4).

B

Business model canvas

A one-page framework for describing a business model.

Business networking

Meeting people who might buy from you or refer you. A channel with a real cost.

Business plan

The document explaining what the business does and why it will work.

Business process mapping

Drawing how work actually flows, step by step.

Business rates

Also called Non-domestic rates, NNDR

A property tax on most commercial premises, based on a valuation set centrally and collected by the council.

Business rates relief

Reductions to your business rates bill. Several exist and some are not automatic.

Business rates revaluation

Periodic reassessment of rateable values. Bills change, and appeals have a process.

Business valuation methods

The main ways a business is valued, and when each applies.

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