Glossary and FAQ
A to Z list of common words and terms associated with consulting, freelancing and small business.
KPI
Find the definition for KPI.
Letter of Understanding
Find the defintion of LOU or Letter of Understanding.
Consulting Agreement
Find the definition for consulting agreement.
Royalties
Find the definition for royalties.
Sarbanes-Oxley Act
What is the Sarbanes-Oxley Act? Learn more about Sarbanes-Oxley Act (SOX).
Force Majeure
Definition of force majeure.
Bail-out Clause
Find the definition for bail-out clause.
Product Life Cycle
Find the definition for Product Life Cycle model.
Purchase Orders
Find the definition of Purchase Order.
Scope Creep
Find the definition of scope creep.
Barriers to Entry
Definition for Barriers to Entry
Outsource
Find the definition for outsourcing.
Request for Quote
Find the definition of RFQ, or Request for Quotes
SWOT Analysis
Find the definition of SWOT analysis.
Permalancer
Learn the difference between a freelancer and a permalancer.
Balanced Scorecard
Find the definition of Balanced Scorecard, a popular measurement system used in consulting.
Benchmarking
What is benchmarking? Get the definition and how benchmarking is used by consultants.
SEO Consultant
What is an SEO Consultant? Find out what an SEO Consultant does.
Retainer Fee
Definition of retainer fee.
Contingency Fees
Should you accept work on contingency? Learn what contingency fees means.
Non-disclosure Agreement
Definition of a Non-disclosure agreement (NDA)or confidentiality agreement.
Phishing Scams
Phishing scams
Royalty Fee
View the definition of royalty fee.
URL
What is a URL? Get the definition and find out if you need a URL of your own.
Relationship-Based Pricing
Find out how relationships impact pricing.
Webinar
What is a webinar? Find out here.
Knowledge Process Outsourcing
Definition of Knowledge Process Outsourcing or KPO.
Word of Mouth Marketing
Learn the definition of Word of Mouth Marketing and find out what has customers talking.
Business Process Outsourcing
Clients are seeking business process outsourcing as a cost-effective means to provide support to their businesses.
Identity Theft
What is identity theft? You may be at risk.
SE Tax
Learn whether or not you should pay SE taxes on your freelance earnings.
1099 Form
Learn what forms are required by the IRS to show earnings as a freelancer.
Guerilla Marketing
Increase results of your marketing efforts by learning what it means to use guerilla marketing techniques.
Indepedent Contractor
Distinguishing between an employee and an independent contractor is essential. The IRS can tack on steep fees if you don't know the difference between the two.
Request for Proposal
Request for Proposal
RFP
RFP