What is business?

What Does business Mean

A company is an economic-social unit , made up of human, material and technical elements, which has the objective of obtaining profits through its participation in the market for goods and services. For this, it makes use of the productive factors (labor, land and capital).

Companies can be classified according to the economic activity they carry out. Thus, we find companies in the primary sector (which obtain resources from nature, such as agriculture, fisheries or livestock), the secondary sector (dedicated to the transformation of goods, such as industrial and construction) and tertiary sector (companies engaged in the supply of services or trade).
I work in an office.
Companies according to their constitution and ownership
Another valid classification for companies is according to their legal constitution . There are individual companies (belonging to a single person ) and corporate companies (made up of several people). In this last group, the companies in turn can be anonymous , limited liability and social economy ( cooperatives ), among others.

Companies can also be defined according to the ownership of the capital . Thus, we find private companies (their capital is in the hands of individuals), public companies (controlled by the State), mixed companies (the capital is shared by individuals and by the State) and self-managed companies (the capital is owned by the workers. ).
Business administration , for its part, is a social science that is dedicated to the study of the organization of these entities, analyzing the way in which they manage their resources, processes and the results of their activities.
Industrial companies create numerous jobs.
How to start a business
Nowadays, opening a company is easier than ever, since in many cases most of the procedures can be carried out from home through the Internet . However, this does not mean that it does not require a large investment of energy and effort to grow and be successful. Perhaps the comfort that current technologies offer us often lead us to make bad decisions because of underestimating the importance of commitment.

Before taking the first step, we must define very precisely the characteristics of the company that we want to have. This encompasses its purpose and type of organization, which can be determined on the basis of 'what for', 'for whom' and 'in what way' questions. On a personal level, it is also essential to ask ourselves "why" we want to embark on it; Although this may seem irrelevant to the public, the bond that exists between the founder and his company will depend on several factors that make up his growth, his vision and his dealings with consumers .
Knowing the company's market
Once we are clear about these issues, we must do a market study , more or less formal, to find out if there are already similar companies. If so, it is important to know if the market is saturated with them or if there is still a space in which we could locate ourselves. Going forward with a project for the mere whim of satisfying the need usually leads to a resounding failure that could be avoided with humility: if our idea is not appropriate for the economic and social context of the moment, we should go back a step and look for a new one. .
These are the rudiments of the birth of a company, but none of the technical aspects compare in difficulty as the patience necessary to see it grow from a paper project to a constant and reliable source of money , especially if we intend to make it our only support economical to meet all expenses. We must arm ourselves with the strength to overcome various administrative obstacles and know that we may not receive money for several months or even more than a year.

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