View our full Glossary of accounting & payroll terms Visit full glossary Related topics How to start a business Search for another term Search for: Glossary definition What is a going concern? A going concern is a business that is functional, in that it’s actively making a profit. Recommended Next Read October 2, 2023 From bankrupt in my 20s to £5m by 30 See this term in action 25 September, 2023 23 min read I launched a business while living in a shed 18 September, 2023 19 min read Fighting copycat products 11 September, 2023 16 min read Start a business by teaching your craft Learn more about this definition and others Featured reading 15 September, 2023 4 min read Invoice tips round-up: Essential advice to help you get paid on time 20 September, 2023 7 min read What is angel investing? A definitive guide 22 September, 2023 6 min read What the Economic Crime Levy means for accountants and businesses Popular termsWhat is a credit note?What is a P11?What are drawings?What is a purchase order?