Classifications of Business

• Agriculture and mining businesses are concerned with the production of raw material, such as plants or minerals.
• Financial businesses include banks and other companies that generate profit through investment and management of capital.
• Information businesses generate profits primarily from the resale of intellectual property and include movie studios, publishers and packaged software companies.
• Manufacturers produce products, from raw materials or component parts, which they then sell at a profit. Companies that make physical goods, such as cars or pipes, are considered manufacturers.
• Real estate businesses generate profit from the selling, renting, and development of properties, homes, and buildings.
• Retailers and distributors act as middle-men in getting goods produced by manufacturers to the intended consumer, generating a profit as a result of providing sales or distribution services. Most consumer-oriented stores and catalog companies are distributors or retailers.
• Service businesses offer intangible goods or services and typically generate a profit by charging for labor or other services provided to government, other businesses, or consumers. Organizations ranging from house decorators to consulting firms, restaurants, and even entertainers are types of service businesses.
• Transportation businesses deliver goods and individuals from location to location, generating a profit on the transportation costs.
• Utilities produce public services such as electricity or sewage treatment, usually under a government charter.

There are many other divisions and subdivisions of businesses. The authoritative list of business types for North America is generally considered to be the North American Industry Classification System, or NAICS. The equivalent European Union list is the Statistical Classification of Economic Activities in the European Community (NACE).Mill,

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Basic forms of ownership

Although forms of business ownership vary by jurisdiction, there are several common forms:
Sole proprietorship: A sole proprietorship is a for-profit business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has unlimited liability for the debts incurred by the business.

Partnership: A partnership is a for-profit business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three typical classifications of partnerships are general partnerships, limited partnerships, and limited liability partnerships.
Corporation: A corporation is a limited liability business that has a separate legal personality from its members. Corporations can be either government-owned or privately-owned, and privately-owned corporations can organize either for-profit or not-for-profit. A for-profit corporation is owned by shareholders who elect a board of directors to direct the corporation and hire its managerial staff. A for-profit corporation can be either privately held or publicly held.

Cooperative: Often referred to as a "co-op", a cooperative is a limited liability business that can organize for-profit or not-for-profit. A cooperative differs from a for-profit corporation in that it has members, as opposed to shareholders, who share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.

Business

A business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers.[1] Businesses are predominant in capitalist economies, in which most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.

The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.

4 Tips For The Successful Businessman

I have a passion for the bald eagle or Haliaeetus Leucocephalus
according to his scientific name. I have this passion as long as
I can remember. But it is not a logical passion. I am Dutch and
a passion for a bird of prey that is common in The Netherlands
would be more obvious. But life is full of inexplicable surprises
and left me with this passion for the bald eagle, the national
symbol of the United States of America. I have seen the
eagles only once in my life in their natural habitat and that
was during a holiday in British Columbia in Canada.

When I read about bald eagles and about the way they live, I
always start thinking about what a businessman can learn from
them in order to become successful and that is what this article
is about.

1. Vision
Bald eagles are birds that can often be found on very high
altitudes. There they soar and with their very sharp eyesight
they have a clear view on the world below them and especially
on the prey they want to catch; fish, that is what they like
most.They can see the milky white spot in the water from a
distance of many miles. In high places they build their nests.
On a rock, on the top of a tree but always on a spot where they
have a good view on the world that surrounds them. And from
their castle they see what is happening around them and that
gives security.

The businessman should also have a clear view on what is
happening in the market. From very far he should recognize his
potential customers and "attack" them at the right moment. At
the same time he should be aware of the dangers that surround
him, anticipate, absorb the environment and be prepared to act
immediately.

2. Knowledge
Bald eagles are confined to their territories. With the seasons
some migrate but you find bald eagles only in a specific habitat
namely forests, mountains and near sea and rivers. You won't
find them in the desert. In their habitat they know what to do,
where they can find prey and which dangers surround them. By
instinct and by learning they have knowledge about the way they
have to conduct their lives and about how they have to behave
in this habitat. They will never go beyond the limitations of this
frame work. If they do, they die.

This holds a lesson for the businessman. He should know
everything about his business and when I say everything, I mean
everything. He should know all about the products he sells from
beginning to end, every detail should be an open book to him.
He can never be surprised with questions on which he has no
answers. He should know about marketing techniques, the
position and plans of competitors etc., etc. And if he doesn't
possess this knowledge by nature, he has to learn it.

3. Enough is enough
When Bald Eagles catch prey, they will catch only one fish at a
time. It is not possible for them to catch more. But they know
precisely how to catch this one fish. Their flying skills, their
strong talons and their eyesight are extremely well developed
and fit for the job. Almost every attempt to catch a prey is
successful.

This phenomenom also holds a wise lesson for the businessman.
He has to restrict himself to a number of products he can handle
and products that matches his skills and abilities. To stay in
the animal world: if you are a cow don't try to jump fences like
a horse. People will only laugh at you. It is better to sell one
product very well than ten without a satisfying result.

4. Courage
Bald eagles mate for life and they are absolutely loyal to each
other. From high altitudes the two birds tumble down in a
dangerous free fall. Mocking the laws of gravity they unite.
Only just above the tree tops they separate and fly wing by wing
to the nest. This spectacular show requires great courage. A
businessman also needs courage to be successful. He has to make
decisions about difficult and uncertain subjects. And he also
needs to know when to stop his free fall. Having courage to make
difficult decisions is not synonymous for being reckless. A
decision that leads to disaster is not a decision, but a wild
guess.

You see....the businessman can learn a great deal from this
majestic bird that embodies not only beauty, strength and
freedom but that possesses also the essential conditions and
abilities to survive.

The beginning businessman as well, who is maybe starting his
business in great uncertainty about the future, can learn from
the bald eagle:

Flying high starts with spreading your wings!

How to Act Like a Businessman

So, you want to look important? Successful? Busy? Then you want to be like the businessmen you see all around you. The one walking to the boardroom. The one sitting in the first class lounge at the airport. Or the one getting into the BMW. You have come to the right place! Not everyone has the same keen business sense Donald Trump has been blessed with, but we can all look like we do!

Steps

1. 1
   Buy a suit. It doesn't have to break the bank, just one that's smart, and preferably a dark one. Also, the tie should be silk or of a similar material that makes you look wealthy.
   
   
2. 2
   Obtain a mobile phone or PDA. Again, it doesn't have to be expensive, but make it chic. Get one in black or silver, not pink. And when you are around people, make sure you are on it a lot.
3. 3
   Buy an analogue watch. Business men are never late, ever. If you are meeting someone, then be on time, not too early, not too late. Just on time. Try to get a watch that looks good and matches your suit.
4. 4
   Buy a pair of shoes that matches your suit, and care for it well.
5. 5
   Get some cuff links that aren't showy, but make people think "Oh, they are nice."
6. 6
   Buying a briefcase and filofax isn't necessary, but it conveys importance and a busy schedule.
7. 7
   Wash and be well groomed. Rich, successful businessmen do not walk around looking like tramps. Shave and comb your hair.
8. 8
   Smile, but not as if you are hiding something. Walk in a determined manner, not fast but not slow. Walk as if you have somewhere to be.
9. 9
   If you really want to look good, get a nice car, like a Mercedes or BMW. This isn't necessary, though.
10. 10
    Speak with Confidence. Do not be over bearing, but always sound confident in your speech. If you do not know an answer do not attempt to pretend. Just state confidently, "I do not know, but I will find out for you."
11. 11
    Learn how to play golf. This is an important game in the business world, and is something you can take clients out to do.
    
    

Business Management

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a pre-requisite to attempting to manage others.