9.      +Define+a+business.

9. Define a business.

Business is a person, partnership or corporation engaged in commercial, industrial, or professional dealings. Businesses include everything from a small owner-operated company such as a family restaurant, to a multinational company. A business can be a for-profit entity or a non-profit organization. A for-profit entity is administered to earn profit to increase the wealth of their owners, such as a publicly-traded corporation. In this case, it requires some form of investment and a sufficient number of customers to achieve this profit. However, a non-profit organization engages in business activities that don’t seek to achieve profits, such as an agricultural cooperative.

A church is a business. It seeks to cover the costs of running the church and pays its employees. However, the goal of the church (or rather, it should be the goal of the church) is not to create a profit. So, a church is a not-for-profit business.

A business needs to be started through some sort of entrepreneurial effort. It takes an idea and intention to start a business.