Know Business and Do it

       What is business?

                        How is it done?

Any one can answer this question.. The only thing that differs is the in depth understanding or the real meaning of it. A child may say that business is what my fathers does throughout the day- moving here and there and selling goods to people.. Whereas a grown up adult can have a different definition of it.. S/he may say that "A business is an organization or firm engaged in the trade of goods, services or both to consumers ." But do you think what really business? Even i do not know what really it is.. To me business is the sector which may help me to get my name in FORBES list of billionaires. This may sound funny to you. But to me it is a real thing and to many of you also. 

 So, lets know what actually business is and how is it done? This is not my definition nor your's.. This is the definition from the professionals . 

According to businessdictionary.com                                                                            

An economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a sufficient number of customers to whom its output can be sold at profit on a consistent basis."

         

      And now this is : How business is done?

Conversation between Mrs. X & her son Y.
X: I want you to marry a girl of my choice
Y : "I will choose my own bride!"
X: "But the girl is Bill Gates's daughter."
Y : "Well, in that case...ok"
Next Mrs.X approaches Bill Gates.
X: "I have a husband for your daughter."
Bill Gates: "But my daughter is too young to marry!"               

         X: "But this young man is a vice-president of the World Bank."
         Bill Gates: "Ah, in that case...ok"
         Finally X goes to see the president of the World Bank.
         X: "I have a young man to be recommended as a vice-president."
         President: "But I already have more vice- presidents than I need!"
         X: "But this young man is Bill Gates's son-in-law."
         President: "Ah, in that case...ok"

         This is how business is done!!

               So enjoy your world of business.. 

Know how to start a business

          "How to start my business?" 
This is the question that arises to almost all of those who want to start their own business. Starting business is not an easy task. Even if people start their own business, to be able to sustain in the market is a difficult job. So here are some of the things that will help you to gain some knowledge on what are the things needed to start your own business:

1. Unique Ideas: All the successful business in the present days had great and unique ideas during their beginning days. Mark  Zuckerburg had an idea of creating a social network -Facebook, Steve jobs had an idea of making i phone, i pod and i pad. So, be sure that you have a unique idea before you start a new business.

2.Capital:After you have your ideas, you need capital to invest in your business. You can invest your own capital or that of the potential investor to start your business.

3.Location:You should think about a site where you can start your business and grab the attention of the customers.

4.Market situation:Operate your business in such market where you think your product or service will work out. Do not operate your business in such markets where there is the monopoly power of other firms. Operate your business in such markets where there are few number of competitors.

5. Economy of the country:You should know about the economic situation of the country , whether there is inflation or recession and make your plan according to it.

6.Interest of customer:Customers are the god of every business.They are the one who decides the future of the business. So, you should be able to design such goods and services that will be able gain the attention of the customers.

Being entrepreneur in just 5 steps.

First of all, let me define what exactly does the word "Entrepreneur"means.An "Entrepreneur" refers to enterprising individual who is willing to launch a new venture or enterprise, who builds capital through risk and/or initiative and is prepared to accept full responsibility of the outcome.Some of the famous entrepreneurs turned business tycoons are Bill Gates, Richard Branson,Guy Kawasaki and so on.So for those young guys who aspire to be an entrepreneur in coming days, here are some of the few steps that you need to follow :

1. Take your time and think about a great and unique idea.

2. Write about your business plans and ideas clearly .

3. Present your ideas to any of the potential investors to get money to start your new business.

4.Sell and distribute your products in the domestic market.

5. Enjoy your life hanging around with entrepreneurs.