Terminology
Glossaries
Term | Definition |
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Owner Role |
When you're making strategic decisions about sustainability, profitability, and creating a business that runs independently of you.
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Performance Metrics | Key indicators used to measure and evaluate a business’s financial, operational, and customer-related performance. |
Process Automation | The use of technology to automate repetitive tasks in business, such as invoicing, customer follow-ups, and data entry. |
Process Optimization | The practice of improving business workflows and systems to increase efficiency and reduce waste. |
Psychographic Profiling | The study of consumers based on their activities, interests, and opinions (AIOs). It goes beyond demographics to look at the psychological aspects influencing consumer behavior. |
Risk Assessment | The process of identifying, analyzing, and preparing for potential internal and external risks that could impact a business. |
Role Awareness | |
Role Clarity |
Understanding and intentionally defining the distinct roles within a business to improve decision-making, delegation, and growth.
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Role-Based Batching |
Grouping similar tasks together according to role to reduce context switching and increase focus.
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Search Engine Indexing | The process by which search engines organize information from websites to serve relevant results in response to search queries. |
Shared Hosting | A hosting environment where multiple websites share the same server resources, offering an affordable solution for small websites. It comes with limitations in terms of performance and scalability. |
Sitemap | A file that lists all the pages of a website, helping search engines understand its structure and quickly find all content. |
Small Business Growth Path |
The natural evolution of a business owner from Operator to Owner, often passing through Manager and Leader stages to achieve sustainability.
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SSL (Secure Sockets Layer) | A security protocol that encrypts data exchanged between a website and its users, ensuring data privacy and security. Websites with SSL certification appear as "https" and are often favored by search engines for ranking. |
Stakeholder Input | Feedback and insights gathered from employees, customers, and leadership to inform business decisions and strategies. |