Business & Financial Literacy

As you develop your business plan it’s important to understand the financial landscape of running a business. This means not only understanding certain terms and concepts but also knowing how to apply them to your day-to-day business operations and long-term strategic planning.

Glossary of business and financial terms

The Franklin County Food Business Portal offers a search function that includes a glossary of business and financial terms.

The glossary definitions were curated, in part, from the following sources:

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Improve your knowledge about business and financial terms

Identify helpful business and financial literacy resources

Create financial projections for your business plan

Identify a financial institution for business banking services

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Glossary

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Additional Business & Financial Literacy Resources

Bplans (For-Profit) - Free resources and articles across a broad range of business and financial topics
Consumer Financial Protection Bureau (CFPB) (Federal Government) - Regulates consumer financial products and educates the public through various tools and resources
Council of Development Finance Agencies (CDFA) - Resources (Nonprofit) - Information and resources for understanding and using development finance tools
FUEL Franklinton - Financial Life-Skills Class (Nonprofit) - Free financial literacy classes for west side residents
Investopedia - A wealth of financial literacy resources, including an extensive glossary, overview of economic concepts, budgeting and saving, and banking
Kauffman Entrepreneurs (Nonprofit) - Diverse collection of educational resources for entrepreneurs developed by the Kauffman Foundation
Kauffman FastTrac (Nonprofit) - Self-paced training opportunities for aspiring entrepreneurs developed by the Kauffman Foundation
OSU Extension - Money Management (Public University) - Free money management workshops for Franklin County residents
National Young Farmers Coalition - Finding Farmland Calculator (Nonprofit) - Teaches farmers about financing options and creditworthiness when purchasing farmland
Ohio Employee Ownership Center (OEOC) (Nonprofit) - Provides outreach, information, and preliminary technical assistance to Ohio employees and business owners interested in exploring employee ownership, including education on business finances.

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Business & Financial Literacy