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From Wiktionary under the GNU Free Documentation License. A business (also known as a company, enterprise, and firm) is a legally recognized organization designed to provide goods or services, or both, to consumers, businesses and governmental entities. Businesses are predominant in capitalist economies. Most businesses are privately owned. A business is typically formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Businesses can also be formed not-for-profit or be state-owned. The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings. From Wikipedia under the
GNU Free Documentation License How do I start a successful retail business? Q. I need assistance to get my questions answered regarding starting a retail business: 1. Which retail business would be best to start and why: a) Specialty retail business or b) Mail order business? 2. Which type of business is more predictable and does not change often: Specialty retail or mail order? 3. Many people say that PASSION is important when it comes to starting a business because the owner will have to work long hour to make his or her business a success. I agree with that but can you explain to me why there are many people out there who started their successful businesses outside their PASSION? 4. How can I choose products and services to sell that fit my personality and are part of my values? 5. I took a Myers-Briggs… [cont.] Asked by Mikelo - Fri Apr 13 23:42:24 2007 - - 8 Answers - 1 Comments A. How about a book store, if you are looking retail? I cant say if it would work in your town, you need to do marketing research to see what would succeed in your town. Also in business .. Location, Location, Location is VERY important to success .. not only do you need the right business, you need the right location .. Passion, YES .. you do have to work long hours but passion because you believe in what you are doing. I work from home and have the utmost compassion and belief for what I do, I believe that is what brings me success .. If you don't like books, don't like to read .. then a book store probably wont make sense. Did deep .. Only you know what you really want to do. GL! Answered by lovin_2beme - Fri Apr 13 23:51:53 2007 Over 60% of small businesses fail due to a lack of planning and execution of a business plan.? Q. Over 60% of small businesses fail due to a lack of planning and execution of a business plan. When businesses are so small it is rare to have an HR manager, because of that training and follow-up is non-existent. Who would be accountable and how could management implement a training routine to make it beneficial and cost effective? Asked by babydollof4kids - Sat Sep 29 11:11:36 2007 - - 3 Answers - 3 Comments A. If you're only really asking about training, then it would depend on the size of the business. If there's only about 1 - 10 people, then it would usually be the duty of the owner to train new staff, as he or she would be the person with the most interest in ensuring that everyone knows what they are doing. If you go into 10 - 30 or so staff, you'd probably have an operational or production manager who should take care of training. Most businesses don't fail because of inadequate training though. As you pointed out, it's more about lack of planning. I ran my own small businesses for a few years, and I made sure to only hire people that didn't need any training! Is your concern that businesses fail because of no proper training programs? Answered by Jger - Sat Sep 29 11:32:40 2007 What is the ingredient of a successful business?
Q. I used to notice businesses come and go. Some retail shops opened, another closed. Not many businesses are sustainable. Yet many want to go into business in order to be business owners, hoping to earn big and become financially independent. The reality is not always that way. S, what are the good and useful tips to start and sustain a successful business? Asked by FFWPUI - Sun Jul 11 10:19:06 2010 - - 1 Answers - 0 Comments A. Most important is a passion for what you are doing. Without that, your chances for success are not high. Answered by Freddy - Sun Jul 11 10:22:09 2010 From Yahoo Answer Search: "business" Designing a new model
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From Google Blog Search: "business" Quotations about Business. In use the word may refer to many differing activities, such as the activity of buying or selling in trade, a commercial firm or enterprise, one’s personal affairs or concerns, one’s regular occupation, employment, or profession, something acquiring attention, or a situation, matter or happening. Business is the "art" of making money by selling things or services people want for more than their cost. - Patrick Dixon Sourced
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