SELLING A BUSINESS Selling a business is different than selling
any other asset because a business is more than an income-earning asset -it is
a life-style as well. Therefore, the decision to sell can be emotional.
Personal ambitions should be weighed against economic consequences in reaching
a decision.
SERVICE MARK A word, name, symbol or device used to
identify and distinguish a business that provides services rather than goods.
Like a trademark, it can be registered.
SET-ASIDE CONTRACT A "set-aside" is a Federal
contract designated for small business bidding only.
SHAREWARE Free or evaluation copies/links for use in
your business.
SHORT TERM Period usually one year or less.
SIGNAGE Effective signage is a critical component of
your retail business' success, and can contribute to the success of all
businesses. To provide in depth information about signage and your business, we
have divided signage information into categories in our Signage web area. After
you've studied these pages, we recommend you include proper signage in the
financial plans for your business. Effective signage is a key asset you'll need
to become successful. Why should I have a sign? is a question often asked by business
owners. The answer will vary depending on your business type and format. In a
highly impulse oriented business, good signage can be the difference between
the success or failure of the business. The profile of your trade area also
impacts your signage needs. Good signage can increase a business's opportunity
for success.
SIMPLE INTEREST RATE LOAN One which provides
the borrower the face value of the loan; the borrower repays the principal plus
interest at maturity.
SIZE STANDARDS The term "size standard" describes
the numerical definition of a small business. In other words, a business is
considered "small" if it meets or is below an established "size
standard."
SMALL BUSINESS A business smaller than a given size as
measured by its employment, business receipts, or business assets.
SMALL BUSINESS ACT Also see
http://www.sba.gov/library/lawroom.html
SMALL BUSINESS DEVELOPMENT CENTER (SBDC) The SBDC is a center
for the delivery of joint government, academic and private sector services for
the benefit of small business and the national welfare. It is committed to the
development and productivity of business and the economy in specific
geographical regions. (See
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