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Discussion in 'Growing and Managing a Business' started by tusharspot, Aug 18, 2010.
business is the key of success
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.
That doesn't really take sole proprietorships and partnerships into account.
Simple put, business is the exchange of resources for profit.
Cause and effect. Process and result.
The exchange process, at its most basic level, is a relationship. (Relationships only exist to give you resources you lack. Think about it carefully.)
So business is actually relationships for profit.
Without those relationships, you're out of business. It's just sad that so many people in business don't understand that core truth.