WHEN BUSINESS LACKS DEFINITION

Written by
Adeniyi Oluwaseyi

The world of business had been taken to be the buy and sell stuff. Business now has no definite definition anymore. Anything enterprise at all is now termed business or trade. Some time ago, I over in the news when a group of arrested armed men call their venture a business. Sure, it is a business because it is an occupation even though it is illegal and unlawful.

The search for money, pleasure, personal interests and profits had lead many individual to define what ever enterprise they engage in that which tends to bring in small cash per time as a business which it is in the real sense. The truth remains that business cease to be one if the major purpose for establishing it is defeated or unrealistic.
Businessdictionary.com defines business as an organization or economics system where goods and services are exchanged for one another or for money. If further explained that business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

So in essence business lacks its most important ingredient once there is no goods or service to be rendered, secondly when no profit is realized in the venture. Thirdly, the world of business is beyond a personal interest, it’s now a form of advance communication which is rooted in a mutual gain.

The moment you start or involve in a venture that lacks this form of interest where the both party are mutual beneficiary then it’s time to opt out before you lose all your interests. So before you engage in any form of enterprise it’s of importance that you check whether you vision is in line with the fundamental and basics of business startup and managements.

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