As a beginner in the world of business, understanding financial terminologies is crucial for the success of your business; so I am going to do a quick run through of those terms. Understanding these financial terms is essential for anyone who wants to start a business, pitch to investors or even invest in the stock market.

By familiarizing yourself with these concepts, you can make better financial decisions and avoid common pitfalls that can derail your business. If it seems daunting at first, fret not! Take it one step at a time and correlate it to your current business model(s) and your accounting system.

So as you are ready to navigate the world of both personal and business finance, here are some of the terms that will help you make informed decisions about your money and your time. We will discuss 45 concepts divided into 8 specific sections to help you categorize them as you run your finances.

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