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:

Checklist

  • 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

View All Steps

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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