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For our study purposes here, I will define 'business' as an activity of exchanging something of value of one form for something of one or another form. If you have a job, you are exchanging your time and talent for money. If you are a merchant, you are exchanging a good or service for money. And of course, the barter system opens up all kinds of possibilities. I could put forth countless examples, but you get the idea. Over the past 45+ years, I've been privileged to have worked in many roles; as employee, employer, and in the middle, as merchant and as buyer, etc. And I've been blessed throughout my career with some tremendous successes. I've noticed that in recent years, the title (or label) lines between the components that make up a business have blurred and shifted all over the map. The same terms can mean vastly different things from one industry to another & from one company to another. For the purposes of these study articles, I offer the following definitions.
A point I will stress all along the way is the vital importance of employees. Your best advertisement is a happy employee. If you have happy employees, you will have the best chance for happy customers. |
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