define back office ... internal
operations not open to the public
define back-to-back ... consecutive, following
immediately one after the other
define back-to-back escrow
define back-to-back
lease ... under the definition of back-to-back escrow
define balance sheet ... a financial
statement showing assets and liabilities
define baloon / baloon payment
... an installment payment agreement
granting the payee the right to make a lump-sum payment
at the end of a series
of scheduled payments of smaller amounts
bankroll:
... to provide the funds needed, as if
to hand someone a roll of paper money. One who supplies
the capital for,
say, a new venture startup may be referred to as a
bankroller.
bankruptcy:
... the point at which liabilities
exceed assets and there's
no way to pay current debts.
basin:
... a area into which a watershed drains.
basis:
... the stated value of an asset used to determine annual
depreciation or cost.
basis point:
... one-hundredth of one percent as used
to describe the amount of change in the market price of
a bond or any other
debt
instrument.
B2B
... Business
To Business.
B2C
... Business
To Consumer.
bench mark:
... a surveyor's permanent reference
(PRM) affixed to a durable object and used to establish
elevation and
altitude
above sea level.
benchmark:
... a standard or base of reference from
which specific estimates are made, a point, precedent or
guideline used for making
decisions. For example, benchmark points on a project timeline make
it easy for all concerned to know when critical decisions
need to be made. Benchmarking is
the on-going internal process of measuring
what
one enterprise operation
is doing
as compared to another. What
is benchmarking? CLICK
HERE for an answer.
best practice approach:
... adherence to a strategy, method,
process or set of techniques by an individual or organization
that, based
on research or experience, can reasonably be expected to
result in a high level of satisfaction or excellence in
achieving the aims of an endeavor. If interested
in more information and resources for making a best practice
approach, CLICK
HERE.
best practices:
... guidelines for approaching purposeful
or industrious undertakings with high standards and applications
of improvement techniques
as opportunities present themselves, i.e., strive for excellence at
all times; having best
practice initiates in place ... a best
practice approach.
biannual
... occurring twice
per year; semiannual.
biennial
... occurring every two years.
binder:
... that which brings
together in an agreement. It makes a binding agreement.
For example, a binder is formed by a third party receiving earnest
money to be held in trust on behalf of a seller
as evidence that the purchaser, in good faith, intends
to complete his part of a contract.
bird dog:
... to be vigilant in looking after something,
for example, a business developer who
doggedly networks
for information about what is going on with a suspect.
It is colloquial to business people familiar with using
dogs to track game birds by scent and, therefore, applied
as an analogy for the act of tenaciously seeking out prospects
or suspected business opportunities.
blind address
... a receiving point that doesn't reveal
the identity of who visits or picks up from it, often
a post office box or temporary email address. A blind address
is used for confidentiality protection. In
a world of controls and aggressive competition where there
are peering
eyes and spies all around, it is good idea
not to have a discreet pickup point so
nearby that one can make an association. People not identifiable
with you or your organization should
be used to pick up from a blind address. The same goes
for
vehicles or things that display an identity,
such
as logos on jackets or lapel pins. Perhaps the most
secure
approach
is to hire
a service, for example, The
Site Selection Directory of
The
Network is supported by a information collection
service that can be a go-between to protect identities
and things
confidential.
body of knowledge:
... the aggregate of what is known
and understood about an endeavor, subject or situation;
a topic-specific collection of available knowledge and
material for learning (for example).
boiler plate:
... fixed language used in contracts
or advertising copy; standard stuff that's used over and
over again without
change but is nevertheless necessary, for example in a
legal document. Putting together a community
profile with boiler
plate location
data means using site
selection standards to organize sections of information
so that most economic
development prospects can quickly spot what they
want adhering
to a set of standards for publishing location data
also means making
it easy for site selectors to compare places
of interest.
bond
... a promissory
note, which is a signed
agreement promising payment of a sum of money on demand
or at a particular time; a
certificate promising payment of a debt.
book value:
... value of an
asset as shown in the accounting records
of its owner; a net
value after liabilities have been deducted
from as sets.
bottom line:
... a statement that pragmatically sums
up and points out the essential point(s); the
upshot of
something said; the succinct point
that is the gist of
a verbal evaluation; the absolute net or
final line of a financial or income statement; the most
important point of a summary; a ruthless statement
of what is expected in terms of results from an action
or
strategic
plan. For example, in the latter case it can be said that
the bottom line charge to every site
selector is to find
a location where
the enterprise
developer takes the least
risk in choosing it.
bridge loan:
... an arrangement in which a lender
provides to a borrower with money to be used to span the
period
between loans,
for example, between a construction
loan and permanent
loan.
broadcast:
... to announce, send out or otherwise
make a request to a general recipient group or audience
as in
the case of a enterprise
developer with a tentative
project using the Site
Selection Directory to publish a request
for introductions from contacts along
with informational input. This definition stems for radio
and television broadcasting.
Today we have Internet radio and television broadcasting
also. To say one broadcasts online may suggest spam to
some but there is
no
connection
to this definition. To
broadcast online by publishing a request for responses
from all who find it and want to do so is not a ...
flooding the Internet with many copies of the same message,
in an
attempt to force the message on people who would not otherwise
choose to receive it. (source
of quote; also, see
the definition of email
spam). To
read about broadcasting online requests for input
from location
data suppliers or other resource
and service providers engaged in enterprise and
economic development CLICK
HERE.
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broken link:
... a hyperlink that
doesn't work. As you see on this page of
definitions,
we use links extensively so that, if wanted, you have access
to more information. This means you are likely
to run across broken
links in spite of our best efforts.
Personal
assistance is readily available to help you overcome
any situation where you
find a broken
link or otherwise see yourself at
a dead end. We offer this
promise of help with regrets
for any inconvenience.
broker:
... an intermediary in a sale or transaction
who receives a fee; an arranger of a deal for a fee or
percentagereal
estate brokers act as representatives of owners while real
estate consultants represent clients engaged in site selection.
Also, see the definition of
data
broker.
brownfield:
... an abandoned, used, real estate site.
The term is often associated with the
reuse
of land that presents environmental challenges, especially
stemming from industrial waste disposal. The term rust
belt, which is passé, is associated with
brownfields because it implies that property is abandoned
and left to rust on its site.
Resources and links published in the .network library
under
Brownfield
Redevelopment.
budget:
... an itemized list of projected expenditures
organized for financial management during a specified period
of time; funds approved and designated for itemized forecast
of total operational expenses; however, an operating
budget covers what it costs to run things less a capital
budget  select
and look for links to more budget definitions. See project
budget.
build-to-suit:
... a property constructed and finished-off
or retrofitted to lessee or purchaser specifications. A
build-to-suit
may be included in a lease-purchase deal, wherein a lessor contractually becomes
a seller at some point in the future.
bulk email:
... Copy and paste the phrase
definition of "bulk mail' in the search
box: at the top of this page. Bulk email is defined
here to explain that we have
instructions available (example)
for those who want to contact us.
All emails, except from those who previously contacted
us and
whose addresses
are earmarked in the Global
Registry of Contacts as acceptable,
arrive in bulk at a server where only those having a subject
line beginning with the word from are
separated and delivered. Bottom line:
Emails from spammers and
other's who don't follow instructions are cyber-flushed.
They waste their own time
and resources, not yours and ours.
define business
... as in a business
enterprise or enterprise
operations
define business attraction ... see also the
definition of business
retention
... an economic
development marketing term that refers to recruiting
efforts aimed at site
selectors; a responsibility to find enterprise
development opportunities outside of places
seeking economic development assigned
to area
and local development
business card
... the universally recognized
pocket-size item that shows how to contact
someone. As the primary tool for networking the
card used to bring attention to contact
data. Participants in
the .network mission can
offer thumbnail versions
of their cards from personal
webpages.
business classifications:
... enterprise operations,
trades, or professions in which people work identified
by types. The general classifications of types
of business include industrial
and commercial or they may be broken into for-profit
and not-for-profit (nonprofit).
The North American Industry Classification System (NAICS),
which includes such business classifications as trade,
retail, services, and information sectors is listed among
resources in Site Location Assistance.com as is NAPCS (North
American Product Classification System).
business climate:
... the general economic
environment within a community of enterprises and location(s)
they affect as seen by a government, politicos,
labor organizations and financial institutions, taking into
account such things as government regimen, taxation,
inflation statistics; the location
data category under which prospects generally
find a positive spin about an economy.
business decision maker:
... a person within an enterprise having
authority to act while taking the necessary risks to
manage or any change
agent involved
in commercial activities accepting accompany responsibilities;
a member of the target audience of The
Network or participant in its mission.
define business
development
define business development networking:
... a
new business development effort that involves direct
contact with a prospect a prospectsee
the definition of business development above and business
networking below.
business enterprise:
...
business expansion:
...
business incubation:
... a process for enterprise startup.
The glossary
at Small Business Notes.com defines the term as ... workspace
and an instructive, supportive environment to entrepreneurs
at start-up and during the early stages of businesses. Another
website with information about incubators is www.nbia.org
(National Business
Incubation Association, Athens, OH).
The NBIA website has a resource library (access).
Also, see incubate and incubation center in the Enterprise
and Economic Development Glossary you are now using.
business location work ... site
selection.
business network:
...
business networking:
... activities that lead to building
and maintaining working relationships; the essential activity
for directly promoting and exchanging information within
a business
process, for example, the enterprise
development process which
includes site
location work; the endeavor implied in the mission
statement of The Network as necessary to initiate
and carry on with a specific enterprise
and economic development effort. See Resources
for Serious Business Networkers.
business operations:
... the
process or series of actions taken that
make an enterprise functional;
the method that requires management on a day-to-day
in order to keep an enterprise in business as planned.
business plan:
... a basic management tool for guiding an enterprise into
its future. See Elements
of a Business Plan as well as more
information about them published
by Entrepreneur.com.
define business publication ...
business retention:
... the result of a place
seeking economic development taking
a best
practice approach in order to keep valued
enterprises contributing
to community vitalitysee
jobs
retention; the economic
development effort of encouraging employers
to stay put and grow where they are as valued contributors
to a local
economysee Summary
of Best Practices for Local Economic Development A
consultant, Joan
Herron, once stated to a group of area
and local development representatives that if ... a
community has only $1.00 to spend on economic development,
it should
be spent on business retention (paraphrased).
business venture:
... to set out on a venture by
placing capital and/or time at risk; an operation of enterprise with
an indication that there is a degree of risk involved;
a commercial enterprise (one connected with buying
and selling of goods and/or services); an industrial enterprise
(one connected with producing and distributing items for
a market); an entrepreneurial effort.
define business attraction ... see also the definition of business
retention
define business card
define business classifications
define business climate
define business decision maker
define business development networking
define business
enterprise
define business
expansion
define business
incubation
define business
location
define business network
define business networking
define business operation
define business
plan
define business
publication
define business retention
define business venture
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