What is Business?

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  WHAT IS BUSINESS?


                  
                      
A business is an organization where people work together as a group. In a business, people work to make and sell products or services. The consumers buy the products and services. A business can earn the profit for the products and services it offers. The word BUSINESS comes from the word ‘busy’ and means doing things. A business is mostly customer-centric i.e. the management studies the behaviour of customers and then the product is introduced in front of them. 
There is a deep study for consumer behaviour that a company initiate. In business, the company has a board which takes the decision for the sake of company.

There is a big difference between entrepreneurs and businessmen. Entrepreneur is a person who comes with a unique business idea and starts his own startup company on that idea whereas a businessman is a person who starts his company using an old business concept or an idea. For example, would I call Mukesh Ambani an entrepreneur? The answer is NO. He is a very good businessman, not an entrepreneur. Sunil Mittal is an entrepreneur. That’s the difference.

 It’s easy to mix entrepreneur and businessmen but they are different. “Entrepreneur” is a creative person and makes his path to start any business or setup a company. On the other hand, a “Businessman” is a person whose commercial and industrial purpose surrounds all activities. An entrepreneur is customer oriented while a businessman is both customer and profit oriented.

At the very present, many people are becoming financially independent. People want to open their own income source rather than taking a job. This has led to an increase in start-ups and various businesses. In this era of technology and internet one can easily start his/her own start-up or business.
                                                                                    
KEY TAKEAWAY
·       A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
·       Most of the business are profit oriented that operate to fulfill a charitable mission or further a social cause.
·       Entrepreneurs and businessmen are not the same.
·       Entrepreneurs often work as individual but business is run by a group of people.

Behind every successful business and start-up there is a strategy. There is a deep study about current conditions in markets, behaviour of consumers, political influence, etc. Every businessman makes a full proof strategy before launching any product in market. And the present generation needs to know these strategies for their success in business and start-up.

I am going to share some of the most successful strategies with you guys in my further blogs. So stay tuned!
                 
If you have read this blog till this end then you must be interested in starting your own business or startup. So keep reading and stay tuned. Business Strategies are on the way...


 Let me know your views about this blog. Comment down below.    





Location: India

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