The
first is a commercial, professional or industrial
organization or enterprise, generally referred
to as "a business." The second is
commercial, professional, and industrial activity
generally, as in "business continues
to evolve as markets change." Finally,
business can be used to refer to a particular
area of economic activity, such as the "record
business" or the "computer business"
(see Industry). This article is concerned
primarily with the first definition of individual
businesses, but also contains links to general
business and management topics, in the sense
of the second definition.
Individual
businesses are established in order to perform
economic activities. With some exceptions
(such as cooperatives, non-profit organizations
and generally, institutions of government),
businesses exist to produce profit. In other
words, the owners and operators of a business
have as one of their main objectives the receipt
or generation of a financial return in exchange
for expending time, effort and capital.
Small Business
A
small business may be defined as a business
with a small number of employees. The legal
definition of "small" often varies
by country and industry, but is generally
under 100 employees. These businesses are
normally privately owned corporations, partnerships,
or sole proprietorships.
Small
businesses are common in many countries, depending
on the economic system in operation. Typical
examples include: small shops, hairdressers,
tradesmen, solicitors, lawyers, accountants,
restaurants, guest houses, photographers,
small-scale manufacturing etc. The smallest
businesses, often located in private homes,
are called micro businesses.From
Business_Coaching-Wikipedia (Licensed
under the GNU
FDL)
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