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Key: Operations

E-commerce
Working Capital

Difference between current assets and current liabilities.

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E-commerce
Operating expenses

Expense of carrying on the day- to-day activities that do not involve production or sales.

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E-commerce
Business License

You may need a local, county, state or federal license – or none at all. Where your company is located will determine the type of license you need and where to obtain it.

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E-commerce
Opportunity Cost

It’s a value of the road not taken.

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E-commerce
Overhead Costs

Associated with running a business that can’t be linked to creating or producing a product or service

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E-commerce
Human Resources (HR)

Recruiting, vetting, selecting, hiring, onboarding, training, promoting, paying, and firing employees

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E-commerce
Barrier To Entry

Can include government regulations, the need for licenses, and having to compete with a large corporation as a small business startup.

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Taxes
Tariff

A tax imposed by a government on goods and services imported from other countries

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E-commerce
Small Business

Officially qualifying as a small business can help a company compete for government contracts, if it so desires

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E-commerce
Business Operations

Often include a section dedicated to operations so that company founders understand the systems, equipment, people, and processes

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E-commerce
Distribution Channel

Network used to get a product from the manufacturer or creator to the end user.

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