There are hundreds of Latin words that have been incorporated in everyday English including the words memo, alibi, et cetera, census, via and versus, among others. There are also entire Latin phrases that have been naturally embedded in English. For example, these phrases such as bona fide (in good faith) and carpe diem (seize the day) are often used in full and without any second thought, Mental Floss noted. But did you know Latin phrases can also be useful in business?

Have you ever thought about what do great men like Benjamin Franklin, Teddy Roosevelt and Winston Churchill have in common? Well, these men were all fluent and proficient in Latin. While Latin's central significance in education has slowly chipped away for hundreds of years, it's still a great subject to study. And there is a myriad of reasons why you should, at least, have a rudimentary knowledge of the language, Audio Design Inc. Project Manager Ryan Tallman said.

Speaking of Latin words and phrases, here are the top 5 best Latin phrases for entrepreneurs, as listed by Forbes.   

1. Ad Hominem (To the man or At the man)

It is the process of criticizing the person, instead of their ideas in a debate, in an attempt win the argument. It is also the idea that weakening the perception of the person weakens the argument.

2. Bona Fide (In good faith)

It refers to the sincere, honest, intentions of a person. Remember, adding an -s does not make it plural, but changes the meaning to Bona Fides, which are credentials attesting to identity.

3. Caveat Emptor (Let the buyer beware)

These words are typically used to denote who has the burden of research and that there may be no expressed warranty, like in real estate transactions, but can we used to help draw awareness to risk for business leaders.

4. Eo Ipso (By this act or fact, also similar "Ipso Facto")

It is about consequence and can be used as a substitution for therefore.

5. Exempli Gratia (For example or e.g.)

For the correct usage, use e.g when you have a series of examples to prove the point while i.e is used when you want to state that same point in other words.

Since the success of the business ultimately lies on the shoulders of every entrepreneur, the pressure and stress can sometimes be overwhelming. But every great leader surpassed a challenge that defined their greatness. That's why we often seek their advice when needed. And listed below are 5 inspirational quotes on leadership, as quoted by Entrepreneur.

1. "A leader takes people where they want to go. A great leader takes people where they don't necessarily want to go, but ought to be." - Rosalynn Carter

2. "A leader...is like a shepherd. He stays behind the flock, letting the most nimble go out ahead, whereupon the others follow, not realizing that all along they are being directed from behind." - Nelson Mandela

3. "The ultimate measure of a man is not where he stands in moments of comfort, but where he stands at times of challenge and controversy." - Martin Luther King, Jr.

4. "My job is not to be easy on people. My job is to take these great people we have and to push them and make them even better." - Steve Jobs

5. "As we look ahead into the next century, leaders will be those who empower others." - Bill Gates