What is Business?

A business (also known as company, enterprise, or firm) is a legally recognized organization designed to provide goods, services, or both to consumers or tertiary business in exchange for money. Businesses are predominant in capitalist economies, in which most businesses are privately owned and typically formed to earn profit that will increase the wealth of its owners. The owners and operators of private, for-profit businesses have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Businesses can also be formed not-for-profit or be state-owned.
Basic forms of ownership

5 key factors to ensure business success.

To create and run a successful business that is profitable is not for the faint of heart. There are reports that said that between 57% - 60% of small business will fail within the first 90 days, so the numbers are not in your favour either. Here are five key areas to focus on when you're building your business for success:

Business Success Strategies

Business success strategies that enable entrepreneurs to achieve their goals,some work very well, while others don’t work.

This is where you have to really know your product and your target customers. You need to know how to approach them so that they want to buy your product. Even better if they are so impressed with it that they almost beg you to sell it to them.

Building Business Success Strategies Into Your Plan

Think that business success strategies are what you work on after your business is up and running. While that is certainly true, that concept is not complete. From the moment you set pen to paper in preparing your business plan, you must be thinking of the strategies you will use to ensure success.

Business Sucess and Employees

Making a small business successful requires one to understand the one secret to get there. Ask any successful small business owner, "What do you do on a daily basis", they will most likely tell you, "I build my business each day".