Saturday, January 11, 2014

Benefits of Internet Marketing to Businesses

Currently consumers can find stuff on the internet anywhere and anytime. in addition they can use the internet anytime as they wish, but they can also compare the brand, price and purchase goods and services without having to face direct sales! This allows them to make decisions independently of a sales pitch or emotional persuasion. Buying over the Internet is fast, convenient and more personal. No need to travel to the destination, do not need a parking lot, or queued in the consumer crowd. And it is because of lower overhead for companies selling on the Internet, consumers can benefit from lower prices as lower costs are often passed on to consumers in the form of price discounts.

Reaching the Internet provides businesses with the means to reach out to prospective customers that they usually can not be achieved so quickly and cheaply. Opportunity to learn about the needs and desires of customers after they have reached the customer, the Internet offers the opportunity to learn about the needs and wants of customers by interacting with customers and get valuable feedback from them. Thus, the company is then able to better target the products and services to their customers needs and wants. Typically, perform market research of this nature would be a costly exercise for any company and here is a sales medium that allows the type of market research that will be built inside.

Benefits of Internet marketing for businesses/ small companies as diverse. Small companies can now market their goods and services globally. Before the days of the Internet, small companies would be unlikely to have been able to have access to the global market without spending huge amount of money. The following are some of the advantages or benefits of internet marketing:
  1. You only need very little capital to start an internet marketing business. In fact it could also free. You do not need to rush to begin with that paid in this business. Learning with the first free, then set aside your funds if you have started proficient. Because little by little long into the hill instead?
  2. Free from standstill. Especially if you work for a big city. Surely every morning you have to leave on time to avoid jams that can make you stress.
  3. Free from fire and flood. Internet marketing business is run online. So this business has no physical form that can be damaged. Unless there is a great natural disaster that decides an internet connection worldwide.
  4. Runs automatically for 24 hours per day. Internet marketing business never closes. Your business will always be open worldwide for 24 hours per day.
  5. Time more flexible. You can choose your own working hours. You are no longer tied to a specific schedule like if you work in an office.
  6. Flexible workplace. You can do business anywhere as long as you have a computer connected to the Internet.
  7. Greater income. If you are an employee, perhaps at the beginning of your run this business your income is less than 100% of your salary. However, if you are proficient and know how internet marketing business then your income is guaranteed 100% greater than your salary.

The benefits of marketing on the Internet very much. However, this does not mean that every company should market their goods and services on the Internet. Thought must be given to the target market and the goods and services sold.

Is your target market might be searching on the Internet for goods and services, or whether they would be more likely to take the Telephone Directory?
There are, of course, costs involved in marketing on the Internet and they can vary considerably. For each company starting the course, I would say that one of the most important factor is that you have good support from your Web Designer and Internet Marketing company, otherwise you could find yourself going to a website that is outdated and inaccurate and it would cause more harm than good.

Internet Marketing Definition

Of course we have heard of internet marketing. In a simple internet marketing is marketing and selling a product that is made ​​online. In this process the consumer does not have to leave the house to get a goods and services he wants, but rather sit back in front of the computer while drinking juice. In today's world, internet sales has been done, both for product information, goods or services. This is certainly influenced by the internet community needs increased dramatically. It is this factor that makes internet marketing (internet marketing) becomes a lifestyle in the process of buying and selling products. For example, sites that use the system Internet marketing in marketing and selling the products is Amazon and ClickBank.

According to Boone and Kurtz (2005) e-marketing is one of the components in e-commerce with a special interest by marketers, the strategy-making process, distribution, promotion, and pricing of goods and services to market share the Internet or through other digital equipment.

Meanwhile, according to Strauss and Frost (2001) e-marketing is the use of electronic data and applications to the planning and implementation of the concept, distribution, promotion, and pricing to create exchanges that satisfy individual and organizational objectives.

Online Business and Internet Marketing have the same meaning or the same meaning that is the same - each has a goal to earn revenue through cyberspace. But for Internet Marketing is more oriented towards knowledge or techniques - techniques to get money from the online business. So it can be concluded that Internet Marketing is a science that shall be used for each person who wants to develop a business or earned income from the internet. By knowing how and Internet Marketing strategy right then you will understand the basics of marketing through the internet.

Just like conventional marketing activities, the activities carried out in Internet Marketing is generally not far from matters relating to the supply of products, advertising, the prospect of prospective buyers / customers, as well as writing sentences offers (sales letter) and so on. The difference is the medium, ie, by utilizing the existing facilities on the Internet, both paid and free facilities.

There are various steps that can be done in internet marketing, such as SEO (search engine optimization), social media and forum marketing, video marketing, and blog reviews. There are other advantages of internet marketing, which we will be assigned the prospective buyer really targeted (they are really looking for or like products or services that we have).

For example, if you have the skill or ability to sell the product - the product of a manufacturer or a more familiar Affiliates. Then you certainly need what is called a place or container to promote. Then you create a blog or website and you develop the blog with a variety of techniques to bring visitors so that they (visitors) to buy products from you. By creating and developing this blog you are applying the techniques of Internet Marketing. And many other Internet Marketing techniques not only to create and develop a blog, I give you an example to promote through the forum - forums, through social networks, websites classified ads, online chat, etc.

So little knowledge about Understanding Business Online and Internet Marketing can I pour in this paper. Maybe if there are colleagues - colleagues who has an idea or other ideas about online business go ahead to write in the comment box below. So and Hopefully Helpful.

Investment and Risks Investment Definition

Developments in all sectors of business either, communications, business, agriculture, and even investment seems increasingly rapid progress over time. Easy-paced modern era offers workmanship, use, and very practical use. It does not escape from the world of investment. Investment is to spend some money or save money on something with the hope that the financial benefit.

Examples of investment is the purchase of a financial asset such as bonds, stocks, insurance. Can also purchase items such as a car or a property such as a house or land. More breadth of investment can mean the purchase of capital goods production in an effort to purchase the machine for example. Even the provision of education and training for employees who make more proficient in the work can be regarded as an investment. The similarity of all the above investment is hope of gain at a later date.

Investment is often also called investment or capital formation. So an expenditure can be regarded as an investment if it is intended to increase production capability. Investment is important in the economy. In economic terms there is "there is no (economic) growth without investment". This statement implies that the investment has a very important role in economic development, even if the investment is not the only component of economic growth. In economic development, investment has two important roles.

First, the role in the short-term form of influence on aggregate demand which will lead to greater output and employment. Second, the effects on capital formation. The investment will add to the variety of equipment, machinery, buildings and so on. In the long term, this will increase the potential output and encourage sustainable economic growth.

Ownership of financial assets in order to invest in an institution / company can be done in two ways:
  1. Direct investment (direct investing) Interpreted as an ownership of securities directly in an institution / company that has been officially specified in going public with the purpose of obtaining a profit rate of dividends and capital gains.
  2. Indirect investment (indirect investing) Occurs when a traded securities held back by investment companies that serve as intermediaries. Ownership of assets is done indirectly through financial institutions listed, which acts as an intermediary. In his role as an indirect investor, middlemen get dividends as well as in direct investments and capital gains or portfolio trading results does.
Investment theory, is the theory of demand for capital. Some of the application of the theory is still in business investment, residential investment, and inventory investment. First, it must understand the dynamics of investment and capital is determined by the "stylized fact": the investment flows are too small compared to the capital stock. Investing often refers to the purchase of financial assets or physical, we say someone "invest" in stocks, bonds, and home when he bought the asset.

All types of investment always has the risks, there is no risk-free investment, the risk is always inherent in any large or small investment and can also be said that high yields are also high risk thus required an understanding of the risks associated with alternative investment vehicles which may consist of risk liquidity, uncertainty of outcome, yield loss, impairment of investments until the investment is risk of loss of capital.

Thursday, January 9, 2014

Tips on Finding Business Partners

Besides done alone, building a business can be done by cooperating partners. This is usually done by businessmen who are not so consuming that will be run businesses or businesses that need capital while building his business venture. To choose the right business partner of course you need a strategy. Here are some things to consider when looking for a business partner:

Networking
How to find suitable business partners is through the network, so you have to start putting ourselves in a professional community that suits your area of ​​business. Try to meet more people, could be from a former co-worker, a friend who introduced friends, or clients in your place of work today. The point should never stop networking, because it could have been one of them offers the opportunity could be interesting or even business partners.

Suitability

When searching for a business partner, just as you are looking for a life partner, the key is a match. One way to find out is to talk about the vision and mission of your business, refer to the ability to work, and also ask about his work ethic.

Clear division of tasks
You also have to explain about the tasks that will be undertaken and the business partner you. For example, you would hold production problems, while the partners will take care of the logistics. Instead, make a clear division of tasks in the beginning, in order to avoid problems later on. It would be better if the job description is based on interest, because you and he will do it with a vengeance.

It is certain you will need to choose a partner who also understands what business would you and your partner will wake up later. Is not very good if you are just looking for a partner for needing funds because usually cooperative business model like this will end with the destruction because not all understand what is being done.

Avoiding Fault Business Strategy

With the approach of the recovery period, many companies began to feel less defensive and need to be more skilled in strategy. When you get ready to welcome new things, beware the strategic mistakes that are commonly found in many large and small companies both in times of crisis or their heyday.

Retain part of the result is bad business
The majority of companies have a business section, whether it's divisions or departments or subsidiaries, that they should leave. Think more dynamic by leaving parts instead become a burden for the company as a whole so that you will be able to devote more thought, effort and funds on more business fields provide bright opportunities.

Encouraging growth
However, more promising prospects may not mean there will be more income. Rather than focusing on expansion and growth, consider focusing on the means and methods so that you can strengthen existing business and strengthen its position in the niche market.

Underestimate the effort downsize

When conditions improved, many companies began to loosen his belt and began to leave the awareness of the economic conditions that have not been fully stabilized and there are even some who boldly increasing the number of shopping. Do not stop to save money if possible. Keep downsize although conditions have somewhat improved. The simplicity becomes an asset in any market.

Lack of Adequate Insurance and Risk Management
Lack of planning for worst-case scenarios can be disastrous, both in business and personal life. Select the best legal entity to limit your personal liability. Use insurance to transfer the risk. Also, do not forget to allocate funds to protect your digital assets and physical.

If you are struggling in the business success of the internet and has not approached you, it's good to listen to this first article. How many Internet businesses are already working very hard, even spend the most money and time to achieve success, but the results are not as expected. On the contrary, they actually lost a lot of money, lost family time wasted, while the imagined success has not been achieved.

Tuesday, January 7, 2014

7 Types of Entrepreneurs

Many people say, if we have the desire of business start right away! Though of course that we must prepare for it with the concept or good planning. It would be better if we make a different concept from existing concepts. But do not need to be complicated and hard to reach or run. Create a concept with a simple yet direct approach towards solving the problem, so that the products or services readily accepted by the market.

Many questions arise when creating a business concept. Who is the target market? What is the magnitude of the market that we will achieve? What is a good margin for the product to be accepted by the market? What is the condition of our competitors?
Of course we needed foresight as a potential businessman, products or services that we sell can be accepted by the market.

There are several types of Entrepreneurs/ businessesman, among others:

Early Birds

This type has been projecting himself since the school aspired to be entrepreneurs. So for them, ready not ready for the future after they finish school, they do not want to work on others, but otherwise great desire becomes an employer. It was so beautiful that many of the entrepreneurs had a dozen years old.

Smooth Lander
They are professionals who continue to hone his abilities, as he pursued his career to the highest level. They look forward to a golden opportunity where investors want to give them the opportunity to run a business.

Amphibious
They are full of young professionals with a passion, but just be careful in running a business adventure. Immediately after the basic needs are met, they began to perform various forms of guerilla. Ranging from less smooth like moonlight or steal time and opportunity, or elegant enough to start building a home-based business, online business, or business network. They may pay for his family to operate a business beginner. They also may open a stall or take advantage of his garage. They also may build alliances with fellow workers, set up a new company that has not acted in total.

Free Diver
This one is really adventurous. They do not really care about the safety of reserves and resources. They really rely on dreams and the power of the will. They only know one thing, namely desire, aspiration, or obsessions and their ideals.

Ships Burner
They are the ones who early on had devoted his life to the business world. It may be that they never even received his formal education bench. Their school is the real business world. They move and operate a business for the sake of business. If a business has not run as expected, they will not hesitate to leave the business world and jump in another, even if the new business world was still dark enough for them. If a business turns bringing bankruptcy or undeveloped, after a rescue attempt was enough, and it was not considered successful, they will not hesitate to "burn" their ship. They will build a new ship, and sailed the oceans back soon.

Slow Surfer
They are business people who believe in the saying "little by little, long into the hills". They did not hesitate to build a business that is considered to be minor or trivial others. They are more focused on learning patterns. They believe that no matter how small it is, if it occupied will surely bring results.

Revolutionist

They are the ones who have a little more soul gambler (in a positive context, of course). They believe this one: "It takes only one success, to create a series of up to seven generations of success".

If you have found out which type you are, then start doing modeling with top business concept. Observe, Imitate, Modify. All types of entrepreneurs in the above is not set in stone. For you, it may discover and develop your own type and manner, to become a true businessman.

Create a Strategic Business Plan

Talking about business is no different to talk strategy, the first step to building a good business is large or small-scale business, create a business plan is mandatory, a business plan is a strategic plan that will be carried out to achieve the target. You must have the ability to create a business plan with real business design and accurate course. later than that capital are a staple of all when you want to establish or build a business.

Business Plan becomes an important part of a successful business, because the business plan as a supporting tool to perform projections and analysis for decision makers and policy in the future. Business plan is also a strategic guidance to achieve all desired and to sharpen plans are expected to determine the direction of the goal and how to achieve the goals that you want.

In Business Concept Building a Business, the following is Create a Strategic Business Plan:

1. Business Concept
The business concept is the idea of ​​writing a business that provides a vision of the mission of the business, and the value of the products or services that will be provided to the customer. Business concept also explains why very competent businessmen to offer.

2. Market / Market
An analysis of the market situation: Customers, competitors, distribution processes, and promotion. In this case needs to be made a thorough marketing plan that outlines the marketing plan which will be executed in order to win the competition, and achieve the set targets. Marketing Plan consists of the existing market conditions, a review of competitors, marketing strategies, and pricing strategies. Existing market conditions revealed the presence of massive market demand for the products or services being offered as a whole or per segment. Key to the initial success of the marketing plan is to know how far the company prospective customers, what is needed, which is not cool, and the expected customers.

3. Financial

Explaining about the financial situation which consists of Income statement, balance sheet, cash flow, and ratios. Financial analysis and strategy is crucial in developing a business plan in order to provide a systematic overview of the steps to be taken to achieve expected profitability. Financial Plan is prepared by determining the actual amount of funds needed to start the business activities and the funds necessary for the operations of the company.

Strategic business plan in determining the key points in the business, then the potential for the success of the business because of the clarity of purpose and direction of the business vision, mission, preparations are more mature in dealing with problems / risks that would happen, clarity and potential market opportunities, can prioritize resources required as a handle or a basic control functions etc.

Monday, January 6, 2014

New Business Ideas for 2014

Before starting a business, an entrepreneurship should consider several things. If you're looking for business opportunities for 2014, it helps you read this post completely. Maybe you'll get a new business idea and help you determine which business opportunities will you choose. Paradigm business and your business will surely find new insights when you see that people do business which can run well. Those things are:

See your business character and customize to your personal character
You need to recognize the character of your line of business. The goal is to see if your basic character according to the character of your business.

See if you like the effort

Is an absolute requirement that a person must love the effort that will they do. The fact shows that taste like the effort will make a person more active, diligent, and never give up the run so it will produce good results. Here, start a business from a hobby can be your consideration. Because the hobby is something that is usually preferred, then the hobby could potentially be a successful venture. Of course, with a range of other additional analysis.

Opportunity or the right time that should be taken or used for the benefit of entrepreneurs someone
.
Many opportunities in waste, so go away because not everyone can see the opportunity and are not necessarily see dare take advantage of these opportunities. Only an entrepreneur who can think creatively and take risks that are responsive and quick to take advantage of opportunities. Business opportunities that have been taken will certainly have consequences for decision makers. If it works can be said to have benefited, but if it fails then it's part of the risk that must be faced. Nevertheless, it can be a very rewarding experience.

See if you are able to run the business.

Before starting a business, it helps us to make observations about the needs of the market for products that we wrestled. This observation is very useful for the long life of the business whether or not you will create.

Creating new innovations
It is highly and always needs to be done by an entrepreneur is to innovate to do for a product that will be undertaken.

In accordance expertise

The work done by the expertise of the results will be satisfying a businessman.

Adjusting to the needs around
Customizing the operating environment that will be undertaken with local needs will affect the market demand, particularly nearby markets easy reach.

Leveraging connections and relationships

Connections and relationships that we have is also very useful, both in terms of promotion and business development.

Observing trends
Observations of trends that occur in the market will also help to improve the business activity has just begun.

Observing the shortcomings of existing products and services
Observation of the products or services also is the most important thing that should be done by entrepreneurs that deficiency in the products or services produced can be improved. So that satisfactory results can be generated.

Utilization of products from other companies
Utilizing the products of other companies can also be made to be supporting material in the products or services produced.

Heritage Enterprises
A business can also represent an effort for generations.

Try this in 2014, you glance at the plan online business opportunities. With a realistic attitude, where the business is also a continuous learning process, certainly the effort will bear fruit someday sweet, much sweeter than if the same energy and cost transferred in the form of offline business.

Top Business Ideas and Opportunities

We often hear the word business in everyday life. Said business is very commonly used by the public. Nevertheless, the understanding and definition of the business in everyday life and in the world of science has a very significant difference. Business or can also be called an enterprise is a form of conducting business regularly and continuously with the aim of gaining profits, whether held by individuals or businesses in the form of a legal entity or legal entity, incorporated and domiciled in an area in a country.

Businesses in daily life - the human being can be interpreted as an attempt to do something in order to achieve certain goals, Businesses in science is defined as the force exerted by an object so that it can change the position of the object. Understanding the business does not have to always be associated with muscle, but the resultant force acting on an object so that the object moves and the displacement of the position of mean force has been doing business objects.

When in question is an example of a promising business opportunity, then the business must have the potential to grow into a big business but at the beginning - for example - only with the cart!. So in this article will not discuss examples of businesses that "fad" such as pulse counters, rental, laundry kilogram difficult parr the potential for an expansion of its business. Which will be discussed of course is a business that can be started with little capital, but then can grow into a large - and can make a significant income culprit. The following are some Top business ideas and opportunities that you can consider in 2014:

Food businesses
Very, very many people who changed his life to become a millionaire only with selling food. Without any education, the origin of the menu offerings can drag people to come again - and recommend to their friends - can certainly make the food business into barns money. For matters of food / culinary, the other side not required aspects for example management, strategic location, convenient place etc.. There are many popular culinary tour only, yes ONLY rely TASTE, and proved to be very crowded even visited the location of the residence away though.

Business Multi Level Marketing (MLM) / Network Marketing

Despite negative public already branded the MLM business, but the fact is that this business can provide an excellent quality of life for those who are seriously at it. These small business capital as well, but can give unlimited income as well. Noteworthy is the fact that in the selection of the correct MLM. Because there are many businesses who "like" but actually is not MLM network marketing. And the business usually leads to a scam.

Internet Business

Base allows internet business development beyond the limitations of time and geography - two problems in the offline business. So the potential business that uses the internet very, very well, especially now all been paced online. You can begin to learn the various types of Internet business by googling about it. The more interesting, generally an internet business can be done from anywhere, so it could be classed as a home-based business opportunity.

Every Business will be newly constructed course will have different types of problems. And every problem there is a solution that is also offered. It's important for us to measure the ability of self in order to see whether we are able to run the business. We can measure our ability to conduct some analysis or simple research about the enterprise, then the results are compared with our ability.

Saturday, January 4, 2014

Objective of Business Policy

The role of business is very important in people's lives, because through the business activities of a company will be able to meet any needs of diverse consumers, so that consumers feel satisfied. Any company that is performing well then able to provide satisfactory services to its customers. Business opening a new field for the local community, so as to reduce the amount of unemployment there.

In the Scope of business there is definitely a Objective of Business Policy, among others:

Protect small and medium enterprises.
Business policies designed to protect small and medium enterprises, because the majority of business in our country is dominated by medium businesses upwards. This policy allows u To ​​prevent small businesses do not have knocked and tried to land or territory. Though it is small businesses that need to be developed so that it can be bigger and have a competitive edge.

Protect the surrounding environment.
Doing business or businesses in our country has rules, and it is required. The rules include the goal to not damage or negative impact on the environment around the area where the business is. Not be justified if the place to dispose of waste utilized by people around, like a river. Given this policy, then the business will also minimize the negative impact that would impact the residents and the surrounding environment.

Protecting consumers.
Good business is a business that emphasizes service to consumers. Consumer is the king who needs to be protected. Consumers do not get hurt or let down by the ingestion of services or goods produced from these businesses. All consumers should be given to the best and the maid had to prime. If consumers are protected and get the best out of these businesses, consumers did not hesitate to work together again.

Government revenue.
The number of businesses operating in our country is of course also provide benefits for our country as well. Beroperassi business has an obligation to pay taxes to the government. This is what we often call the exchange. The more profit / effort profits from a business, the greater the tax he had to pay state and vice versa. Foreign exchange earned is used again by the government to carry out development in each region.

It is inevitable, that the business requires skill, talent, and habits. Expertise is needed because there is no one who can master the whole thing. If you want to go into business, learn from real business people, people who are struggling in business, and have the expertise and successful business in the field. That is why, it is important to learn business practice, as will many other knowledge that can be gained in the course in business.

Four Types of Business Markets

In all aspects of the business to deliver the goods through a productive channel of purchase by selling raw materials to finished goods. In capitalist economies, where most businesses are owned by private parties, business formed to make a profit and increase the prosperity of their owners. The owners and operators of a business get rewarded according to the time, effort, capital they provide. But not all businesses pursuing this advantage, such as business co-operative that aims to improve the welfare of the people. This business model contrasts with the socialistic system, where big businesses are mostly owned by the government, the public, or the union.

The word business itself has three uses, depending on the use of the singular word can refer to business entities, namely the unity of the juridical (legal), technical and economic aims for profit or gain. Wider use may refer to all activities undertaken by community providers of goods and services

Based on the type, the business consists of 4 different types of businesses monopsony, oligopoly, Oligopsony, and Monopoly. Here is a further explanation of the four types of business:

Monopsony
Monopsony, is a state in which the business actors controls the supply or acceptance into a single purchaser of goods and / or services in a commodity market. Monopsony conditions often occur in areas of industrial plantations and animal pieces (chicken), so the bargaining power in price for farmers is moonshine. Needs to be further studied the impact of this phenomenon, whether there are other factors that lead to monopsony that affect the welfare of farmers.

Oligopoly
Oligopoly market is a market in which the supply of one type of goods controlled by a few companies. Generally, the number of firms is more than two but less than ten. In an oligopoly market, each company is positioning itself as a part of the game tied with the market, where profits they get depends on the behavior of their competitors. So that all promotional efforts, advertising, new product introductions, price changes, and so on is done with the aim to keep customers from their competitors.

Oligopsony
Oligopsony, is a state in which two or more business actors to control the supply or acceptance into a single purchaser of goods and/ or services in a commodity market.

Monopoly
Market monopoly is a market form in which there is only one seller that dominate the market. Determinants of prices in this market is a seller or often referred to as a "monopolist". As a determinant of prices (price-maker), a monopolist can raise or reduce prices by determining the amount of goods to be produced. the fewer goods are produced, the more expensive the price of the goods, and vice versa. However, the seller also has a limitation in pricing. If the pricing is too expensive, then people will postpone purchases or trying to find or make a substitution goods (substitutes) the product or even worse look for it on the black market (black market).

The nature of business is real altruism. It's not just the concept of glory and spirituality. This business concept. Even the business itself is essentially spiritual. True business must be based on spirituality and will result in a higher level of spirituality, both for the actors and customers. People who serve others with high expertise will be an important and valuable person.


Friday, January 3, 2014

Understanding Business Ethics

Ethics is derived from the Greek word ethos which means shelter, pastures, stables, habits, customs, character, feelings, attitudes, ways of thinking. The plurality is taetha, which means customs. In this case, the word with the same understanding of moral ethics.

Ethics as a Practical
Values ​​and moral norms as far as practicable or it is not practiced although should be practiced.
What to do as far as appropriate or not in accordance with the values ​​and moral norms.

Ethics as Reflection
Moral reasoning to think about what it does and especially about what to do or not to do.
Speaking of ethics as praxis or taking ethical praxis as its object.
Highlight and assess the good and bad behavior.
Can be run on the popular level as well as scientific

Business ethics are ways to perform business activities, which covers all aspects relating to individuals, companies, industries and communities. All of this includes how we run our business fairly, in accordance with applicable law, and does not depend on the position of the individual or company in the community.

Business ethics is broader than the requirements prescribed by law, an even higher standard than the minimum standards required by law, because the business activities often we find the gray areas that are not regulated by law.

Basic Business Definition

In economics, business is an organization that sells goods or services to consumers or other businesses, to make a profit. Historically the business word of English business, busy from the word which means "busy" in the context of the individual, community, or society. In that sense, busy with activity and profitable work.

In capitalist economies, where most businesses are owned by private parties, business formed to make a profit and increase the prosperity of their owners. The owners and operators of a business get rewarded according to the time, effort, or capital they provide. But not all businesses pursuing this advantage, such as business co-operative that aims to improve the welfare of all its members or institutions that aim at improving the welfare of the people. This business model contrasts with the socialistic system, where big businesses are mostly owned by the government, the public, or the union.

Etymologically, means business circumstances in which a person or group of people busy do work that generates profit. The word "business" itself has three uses, singular use of the word can refer to business entities, namely the unity of the juridical (legal), technical, and economic aims for profit or gain. Wider use may refer to a particular market sector, such as "television business." Using the most widely refers to all activities undertaken by community providers of goods and services. Nevertheless, the definition of "business" right is still a matter of debate to this day.

So business in the broadest sense is a general term that describes all the activities and institutions that produce goods and services in everyday life. Business as a system that produces goods and services to satisfy the needs of the community.