Category: Business

Your business is your job. It is your business to clean the kitchen sink today. It is your business to clean the bathroom floor after a shower today. It is your business – it is your job! But you are not doing your job as you should. You are not doing your job because you think it is your job. The truth is that, as a Business Owner and Entrepreneur, you must think that you have more important things to do in your business than to clean the sinks. It…

A business is often defined as a legal entity or business entity established for the purpose of conducting commercial, corporate, or administrative activities. Businesses may be either for-profit enterprises or non-profitable ones. They can be public or private entities. A business can either be a sole proprietorship or a partnership. The most common types of businesses are: proprietary enterprises, for-profit and the term business. A proprietary enterprise is one in which profit is generated primarily from the exploitation of a natural resource, the production of which is not licensed to…

A business is defined by the IRS as an entity or organization that conducts commercial, professional, or industrial activities for profit. Most businesses are either for-profit organizations or non-for-profit enterprises that conduct to meet a social purpose or further a humanitarian cause. Examples of a business are corporations, partnerships, joint ventures, and unincorporated associations. The sole purpose of a business is to make money. For-Profit Organizations: Under the laws of most states, for-profit businesses may include cooperatives, shops, stores, franchises, and other cooperatives. For-profit businesses have separate taxation from other…

The first aim of a company is to maximizes profits for its stakeholders or owners while keeping ethical business practice in the process. Such economic value added means that there is often a high primary challenge for an organization to effectively balance the interests of various other external parties affected by the business. These may include employees, suppliers, investors, government officials and regulatory agencies. Thus, for any firm to remain competitive and survive long term in the marketplace, it has to find ways to address and minimize some of these…

The word business often refers to any organization or entrepreneur engaged in professional, commercial, or agricultural activities for the benefit of others. Businesses may be for-profit corporations or non-profitable organizations that conduct charity activities or further a public social good. The activities of business, therefore, allow for the development of society and the world as a whole. The profits of businesses, therefore, allow the society and the world at large to function properly and for the economic advantage of all individuals. Many types of businesses exist in the world today.…