What is Business

Business is not an easy thing. It’s rather a difficult kind of human activity. It has many important elements such as money, taxes, customers, transport, banks and others. There are two general types of business: small business and big business.

Why do people do business? Why do they like small business? People do business by producing goods or providing services. They buy and sell goods. They do business for a profit. If you ask “What business is good?”, the answer will be: “All business are good”.

Production of goods is very profitable; provision of different services is profitable too. Communications are a good business too, for example, telephone, telegraph and mail services. Financial services, for example, banking and insurance work very well, too.

So, people do different types of business for a profit. Doing business has become very popular everywhere. For example, the whole families in America run small business now. At present it is very popular to be a businessman or a businesswoman. It should be noted that women, like men, successfully run a firm or a company, they prove to be good bank managers or shop keepers.

Briefly speaking, doing business is a comparatively new and perspective tendency in modern life.

There are three main types of business: a sole trader (you alone have responsibility for the business and you take all profits after paying income tax on them); a partnership (a group of between 2 or twenty people trade, as one firm, and share responsibility for debts, decision-making and the profits); a limited company (a company formed by two or more shareholders who put money into the business in return for a share of the profits).

Дата добавления: 2015-07-20