Business is the economic activity associated with regular and continuous production and distribution of goods and services to meet human needs.

All we need food, clothing and shelter. We also have many other household needs to be addressed in our daily lives. We have met the requirements of the grocery store. The merchant receives from a wholesaler. Wholesaler receives from manufacturers. The dealer, wholesaler, manufacturer does business and is therefore known as a businessman.

Definitions Marketplace

Stephenson defines it as "the ordinary production or purchase and sale of goods is made in order to make money and acquire wealth by satisfying human needs."

According Dicksee, "Business refers to a type of activity carried out to make profits for the benefit of those on whose behalf the activity is conducted."

Henry Lewis defines business as "human activity to produce or acquire wealth by buying and selling of goods."

Thus, the term business: the continuous production and distribution services, as well as a profit target to uncertain market conditions.

Features square business

Features or functions within the company are discussed in the following: -

First exchange of goods and services

All activities are directly or indirectly affected by the exchange of goods or services for money or money's worth.

2. It offers a series of transactions

In business, the exchange of goods and services is a regular feature. A businessman regularly offers a number of transactions and operations, not just one or two.

The third benefit is the main purpose

The company is managed with the intention of making a profit. The result is a reward for the services of a businessman.

4. Business skills for economic success

Anyone who can not manage the company. To be a successful entrepreneur, one must have good business skills and competencies. Entrepreneurs need to have experience and knowledge to manage the company.

5. Risks and uncertainties

Activities are subject to risks and uncertainties. Some risks, like loss due to fire and theft can be insured. There are also uncertainties, such as the loss is due to changes in demand or a fall can not be guaranteed and must be a businessman.

6th buyer and seller

Each business transaction, there are at least two parts of a buyer and a seller. Business is nothing more than a contract or agreement between buyer and seller.

7. The combined

Commercial activity may be associated with the production of goods or services. In this case, it is called as industrial activity. The industry can be primary or secondary.

8. Marketing and distribution

The activity can be associated with the marketing or distribution of products when it comes to a business.

9th Offers of goods and services

In business, there must be exchange of goods and services.

The goods can be divided into two groups: -

1. Consumer goods: goods that are used by the consumer is called the consumption of consumer goods such as TV, soaps, etc.

2. Producer of goods: goods that are still producing the production is called capital goods such as machinery, equipment, services, etc. are intangible, but it can change the value, such as providing transportation, warehousing and insurance, etc.

10th In order to meet human needs

Businessman, also wants to meet human needs through the business. With the production and supply of various goods, businessmen are trying to promote consumer satisfaction.

The 11th social obligations

Modern service-oriented company. Modern business people are aware of social responsibility. In today's business is service oriented rather than profit-seeking.

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When it comes to opening a business, we have much to think that the work area, documentation, data formats, and what can be more important than you might imagine, a business plan. Its significance is great, we will strive to have a successful business.

With it you can understand how to enter the market, which is already active, which should reach the public, and the principal, which will begin this new phase of your life as an entrepreneur. And do not think it's something that will be in the drawer because it is a document that can be used to gain support from investors, banks and suppliers, proving to them that this is something that is viable and have potential in the chosen work and earn their trust.

The business plan is important not to a specific sector, but for several segments in which it is fixed, the pharmaceutical industry, industrial, retail, or whatever you want to trade, but if successful, the need that extreme it is considering not likely to give a false step, and everything to lose by not knowing how to handle an unexpected problem or something that affects many businesses, competition, which is well used, can be very encouraging and start-ups, but if not, definitely bring the new company, while the market without any difficulty.

The structure of the business plan should contain information about the company will open information, administration, the company aims to infiltrate the economy and finance, money, income, investment, expenditure planned for the first two years, the monthly flow the first year, a volume to reach the breakeven point, and the time it seeks to achieve a positive result. And, offers a menu with regard to the difficulties to be expected, the solutions can be applied and the conditions.

One of the factors that make the company does not provide the desired result, is the result of faulty business plan, or lack of one, causing the entrepreneur was surprised, and who does not know the deal with the problems that are common in some number of times an investor in the market. And the important question, which is usually the last, but when placed in the document would be one of the first, a summary, which should contain the basic information on which branch to follow, how you're going to write, as it does respond to public, and how to deal with problems such as temporary seasonal or low income. Always remember that all segments are needed to plan, smallest to largest, so they are always ready for all possible.

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