A business is any organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses range in size and scope from sole proprietorships to large corporations. They may be for-profit entities aiming to maximize profits or non-profit organizations fulfilling a social mission. The term business is also used to refer to a particular occupation or trade:
The primary goal of any business is to earn money and profit. This can be achieved by producing or purchasing and selling goods or services. Business can also be a way to satisfy human needs, such as providing income, achieving a sense of accomplishment, or satisfying psychological or emotional needs.
In general, a business should produce and sell its products at a higher price than what it costs to manufacture or purchase the raw materials. This surplus is known as a margin or profit. A successful business will make a margin that is high enough to compensate for the initial investment and to cover operating expenses.
To be considered a business, an activity should be undertaken on a regular basis and not just for one-time sales or exchanges. A person who bakes pastries and cakes for sale in a local bakery on a daily basis is conducting a business, but an individual who sells their old car through OLX is not conducting a business. A business is not required to be profitable, but it must meet certain legal requirements to be considered a valid enterprise in most countries.
When writing a business article, it’s important to know your audience. This will determine your writing style, which can be formal or conversational. For example, if you are writing for a company’s management team, it will be appropriate to use a more formal tone.
Having your business article proofread by a colleague can help ensure that it’s free of typos and grammatical errors. In addition, it can provide a fresh set of eyes to look at the text and identify any potential issues with wording, syntax, or sentence structure.
A business article should contain concise sentences to improve readability and maintain the attention of readers. It’s also a good idea to avoid using buzzwords and industry jargon, which can be confusing for the reader. In addition, it’s helpful to include a short list of keywords that can be searched for on search engines.
If you need assistance with a business-related matter, contact a qualified attorney. Lawyers on UpCounsel have experience in a wide variety of business matters, including contracts, employment law, and corporate law. They can help you navigate the complexities of a business transaction or answer any questions you may have about starting a new business. Attorneys on UpCounsel come from top law schools, including Harvard Law and Yale Law, and have an average of 14 years of experience practicing law. They have been reviewed by multiple clients and have received high marks from their peers for their work and client service skills.