A business (also known as enterprise or firm) is an organization involved in the trade of goods, services, or
both to consumers. Businesses are predominant in capitalist economies, where 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.
The efficient and effective operation of a business, and study of this subject, is called management. The major
branches of management are financial management, marketing management, human resource management, strategic
management, production management, operations management, service management and information technology
management.
Owners engage in business administration either directly or indirectly through the employment of managers. Owner
managers, or hired managers administer to three component resources that constitute the business’ value or worth:
financial resources, capital or tangible resources, and human resources. These resources are administered to in at
least five functional areas: legal contracting, manufacturing or service production, marketing, accounting,
financing, and human resourcing.
It is difficult, but not impossible, to conduct strictly honest business. - M. Gandhi

If you think your boss is stupid, remember: you wouldn’t have a job if he was any smarter.
― John Gottman
A man without a smiling face must not open a shop. ― Chinese Proverb
Customers don’t expect you to be perfect. They do expect you to fix things when they go wrong.
― Donald Porter
Every great business is built on friendship. ― J.C. Penney
The man who will use his skill and constructive imagination to see how much he
can give for a dollar, instead of how little he can give for a dollar, is bound to succeed.
― Henry Ford
The secret to success in business, and in life, is to serve others. Put others first in all
you do. ― Kevin Stirtz
We are what we repeatedly do. Excellence then, is not a single act, but a habit.
― Aristotle
In business, three things are necessary: knowledge, temper, and time. ― Owen Fellt
Businesspeople are like sharks, not just because we're gray and slightly oily, or
because our teeth trail the innards of those we have eviscerated, but because
we must move forward or die. ― Stanley Bing
Drive your business. Let not your business drive you. ― Benjamin Franklin
The secret of business is to know something that nobody else knows. ― Aristotle
No enterprise is more likely to succeed than one concealed from the enemy until it
is ripe for execution. ― Niccolo Machiavelli

And while the law of competition may be sometimes hard for the individual, it is best for the
race, because it ensures the survival of the fittest in every department. ― Andrew Carnegie
An economist is an expert who will know tomorrow why the things he predicted yesterday
didn't happen today. ― Laurence J. Peter
The golden rule for every business man is this: “Put yourself in your customer’s place.
― Orison Swett Marden
Business opportunities are like buses, there’s always another one coming. ― Richard Branson
A man should never neglect his family for business. ― Walt Disney
The competitor to be feared is one who never bothers about you at all, but goes on
making his own business better all the time. ― Henry Ford
A business has to be involving, it has to be fun, and it has to exercise your creative
instincts. ― Richard Branson
To be successful, you have to have your heart in your business, and your business
in your heart. ― Thomas Watson, Sr.
If you work just for money, you’ll never make it, but if you love what you’re doing and
you always put the customer first, success will be yours. ― Ray Kroc
Out there in some garage is an entrepreneur who’s forging a bullet with your
company’s name on it. ― Gary Hamel
I am a man of fixed and unbending principles, the first of which is to be flexible at
all times. ― Senator Everett Dirksen
Confidence is contagious; so is lack of confidence. ― Vince Lombardi

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