Small Business Jargon Decoder

What is a Record?

Small Business Jargon Decoder

The Technical Definition

A record is a single, organized collection of related data that is stored in a database. It typically consists of fields, each holding a specific piece of information, such as names, addresses, or dates. A record represents one unique entity or item within a dataset, such as a customer in a customer database or a product in an inventory system. In a relational database, records are stored in rows within a table, and each record is identified by a unique key or identifier. This helps to efficiently manage, retrieve, and update information as needed.

In English, Please

Imagine a record as one complete entry in your spreadsheet. For instance, in your customer list, a record would be everything about one customer—name, email, phone number, etc.—all grouped together.

Do Small Businesses Really Need to Worry About Records?

For most small businesses, keeping good records is important, but you don’t need to stress over the technical details unless you have a specific reason to—like building a new database, trying to make smarter data-driven decisions, or dealing with messy, inaccurate information. Having a well-organized system makes it easier to find what you need, track what’s working, and avoid costly mistakes. The best approach is to store important records in a system that helps you analyze your business without extra hassle. You don’t need to be a data expert, but setting up reliable records early can save you major headaches as your business grows.

Common Misconceptions

  • One record is not a big deal. Missing or incorrect records can lead to errors in decision-making.
  • Records are just about data storage. Records are not just about storing data; they are about organizing and structuring information in a way that makes it easy to access, update, and analyze.
  • All records are the same. Different records may require different fields. It’s important to be accurate and consistent.