Business is defined as “an organization or economic system where goods and services that are exchanged for one another or for money”. An individual carrying such an act is called businessman.
What is essential for any business is some sort of investment and costumers who will buy the product consistently thus offering profit to the business. Businesses can be privately owned or state-owned.
There is one basic truth that has seldom been mentioned; a person can go from rags to riches if the business he is in grows with every passing day. But when an individual works under someone or as they say has a steady job, he or she will and can definitely progress but the margin of success that is available in business is not present in jobs.
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You can look around; the richest people in world are successful businessmen for example; Bill Gates, Warren Buffet, Donald Trump, Mukesh Ambani and the like. The amount of riches a business helps in earning is unimaginable; one just needs to use the right arrow at the right time. You can go on working day and night tirelessly and earn a little more than what you actually need and you can work smart by investing your money and talent in a business you believe will be successful. But if one is scared of taking risks in life or not being secured he or she should never think of starting a business.
Growing substantially rich in a short span of 2-3 years or less involves taking huge risks at a very early stage of life. The pressure is enormous; it’s great if you succeed but if you fail it is very difficult to get up again. So think twice before investing in a business and thrice before expanding your business. If you establish a great business, there is no looking back. You are in a position when you can own the world literally.
Only big players are involved in big businesses. Apart from doing the usual business from offices, businesses can be easily conducted from home especially by the women. A home based bakery, home -made food, packing items etc. All are good examples of businesses from home itself. This does not sound as a great idea but there are such home based businesses working wonders for thousands of people.
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All the children are taught from their childhood to study hard and own a secure job in the future. Nobody tells a child to start his or her business when they grow up. Why? It is because of the reason that everyone is interested in getting a job security instead of exploring the vast range of opportunities that a business can provide. It is essential that every child must be told in his early years to choose an occupation that he or she loves. If they choose business, it might be a better idea in the long run.