Business.. what is it really?

28 replies
It's amazing how we humans use words on a daily basis, but we really don't know the true meaning for most of the words we use. Don't worry, I'm not pointing any fingers because I'm guilty too But what we need to realize is if we want to be successful in business, we truly have to understand the word BUSINESS.

I have studied the process of business and financial success for 10 years now, and I want to give back. I guess I could call myself a professional researcher (similar to Napoleon Hill). People always told me I have the ability to see things other people can't. So hopefully I can share that with you today. I don't have a website or anything, so don't worry about me trying to sell you anything. I want to do one thing and one thing only in this thread. And that is define the word BUSINESS.

This thread is going to be boring to most people because most people want the quick fix. So all dreamers, greedy people, wishers, close minded and vague people please remove yourself.

Now for the big question. What is business? After all, if we cannot define business, then we are tackling something which we have only a vague idea of!! That is dangerous!! If we don't know what business is, then how can we really be successful? You do want to make a profit on this thing we call business don't you!!? And how do you do that if you don't know what business is?

Therefore............... we need to DEFINE the word business. This DEFINITION needs to be very precise, like computer language.

A computer does not know what it is doing.
A computer knows nothing and you have to give every instruction in detail.
A definition is needed that is idiot proof.

We cannot have vague definitions or else we will fall flat.

Definitions invited. Go ahead and submit your definition. But expect me to attempt to put holes in it for the purposes of perfecting your definition!! I will hold back my definition until I feel we are making progress.

Now over to you!!.............
#business
  • Profile picture of the author tsuccess
    When I think of business I think of it being somewhat similar to commerce.
    It's the way money is obtained, whether by a company of some kind or by an individual. So any set-up that offers something to people through the exchange of products or services to obtain money. So it's basically the service rendered to people.

    I would have mentioned a definition without the obtaining of money however I feel that that would qualify it as a non-profit organization.
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    • Profile picture of the author Open Minded
      Originally Posted by tsuccess View Post

      When I think of business I think of it being somewhat similar to commerce.
      It's the way money is obtained, whether by a company of some kind or by an individual. So any set-up that offers something to people through the exchange of products or services to obtain money. So it's basically the service rendered to people.

      I would have mentioned a definition without the obtaining of money however I feel that that would qualify it as a non-profit organization.
      I agree with you, but there are some key parts missing.
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  • Profile picture of the author fin
    A business is a machine that spits out money.
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    • Profile picture of the author nellterry
      Simply put, business is the delivery of products or services in exchange for a tangible reward.
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    • Profile picture of the author dadamson
      Originally Posted by fin View Post

      A business is a machine that spits out money.
      And usually people buy WSO after WSO in the hope that they will buy one of these machines for really really cheap with no work involved
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    • Profile picture of the author Open Minded
      Originally Posted by fin View Post

      A business is a machine that spits out money.
      I agree a business could spit out money, but it is impossible for it to spit out money on its own. In other words you will have to do some important things first for it to spit out the money.
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  • Profile picture of the author tamimabraham
    Actually we don't know lots of word working meaning those we using our daily life. But we frequently using this without any doubt. So, best bet should be to use them properly, isn't it?
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    • Profile picture of the author Open Minded
      Originally Posted by Richard Odell View Post

      Business is just a label we human beings give to an individual or a collective that is engaged in the trade of goods or services.

      Oops!...just gave a definition...

      ...sorry...
      Yes in business we do trade goods or services, but there are a lot more key things that happens before we could even trade in the first place.
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  • Profile picture of the author rooze
    Wikipedia - "Business" -
    A business is a hole in the ground into which we pour our money. We do so under the premise that we are passionate, optimistic, entrepreneurial, hard-working, enthusiastic and have the upper-hand on our competitors. We're all of that we're just not smart enough to recognize a hole in the ground when we see it.
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    • Profile picture of the author Open Minded
      Originally Posted by rooze View Post

      Wikipedia - "Business" -
      A business is a hole in the ground into which we pour our money. We do so under the premise that we are passionate, optimistic, entrepreneurial, hard-working, enthusiastic and have the upper-hand on our competitors. We're all of that we're just not smart enough to recognize a hole in the ground when we see it.
      If that's the definition wikipedia provides then a lot of people are in trouble if they believe that.
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  • Profile picture of the author Silent Warrior
    The exchange of time and energy.

    We buy stuff because it saves us the time and energy to create all the things we need to live everyday.

    We sell stuff to help someone else save the time and energy they would spend on creating something they need.

    Individuals and the market decide whether the products, services and information are a fair exchange.
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    • Profile picture of the author Open Minded
      Ok guys, I haven't saw any sufficient definitions so far, so I'm going to talk about what I'm noticing so far. Most people here are talking mostly about what happens at the end of the process. Money is at the end of the process. Trading goods and services is at the end of the process. There are more important things that happens before any business could make money or trade.

      This is why I believe it's very important to be clear what business really is.. Many people try to become business owners, but don't fully understand what business is. I believe once I reveal my definition things should be much clearer.. I will reveal my definition very soon.. Maybe after the holidays.
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      • Profile picture of the author Cool Hand Luke
        Originally Posted by Open Minded View Post

        Ok guys, I haven't saw any sufficient definitions so far, so I'm going to talk about what I'm noticing so far. Most people here are talking mostly about what happens at the end of the process. Money is at the end of the process. Trading goods and services is at the end of the process. There are more important things that happens before any business could make money or trade.

        This is why I believe it's very important to be clear what business really is.. Many people try to become business owners, but don't fully understand what business is. I believe once I reveal my definition things should be much clearer.. I will reveal my definition very soon.. Maybe after the holidays.
        :rolleyes:

        Let me get this straight:

        You start some vague, pointless thread about what business "is" so you can try to appear to have some deep, meaningful thoughts.

        You then don't offer any real thoughts of your own and ask for suggestions.

        You then criticize everyone who came up with answers (all much better than yours btw)

        You then say "Well, you'll never really know what business is until I tell you, maybe I'll do it after the holidays."

        You and this thread FAIL.

        Nice attempt at looking relevant, but this thread is worthless and your attitude towards Warriors less than worthless.
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        • Profile picture of the author Open Minded
          Originally Posted by Cool Hand Luke View Post

          :rolleyes:

          Let me get this straight:

          You start some vague, pointless thread about what business "is" so you can try to appear to have some deep, meaningful thoughts.

          You then don't offer any real thoughts of your own and ask for suggestions.

          You then criticize everyone who came up with answers (all much better than yours btw)

          You then say "Well, you'll never really know what business is until I tell you, maybe I'll do it after the holidays."

          You and this thread FAIL.

          Nice attempt at looking relevant, but this thread is worthless and your attitude towards Warriors less than worthless.
          I do appreciate your opinion, but it seems like you are the only one complaining. This wouldn't of have been an issue if you just had read my first post properly. I clearly said "expect me to attempt to put holes in it for the purposes of perfecting your definition!!" (Not criticize). I don't believe in criticizing and this thread isn't for everyone.

          There are different styles and ways to teach. I like to get people involved, so I could find out what other people thoughts are on certain subjects. My definition isn't the holy grail. But I do believe it might get people to approach business in a productive way. If you don't have anything positive to say then please don't post at all. I'm a very positive person, and I want this thread to be positive too.
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          • Profile picture of the author Cool Hand Luke
            Originally Posted by Open Minded View Post

            If you don't have anything positive to say then please don't post at all. I'm a very positive person, and I want this thread to be positive too.
            :rolleyes:

            This isn't your thread, so you don't make the rules or decide who gets to post. If you're going to make a pointless thread which offers NOTHING of value AND insult forum members while you're at it, you'll get called out on it.

            Nothing about you is positive btw. You did the following here:

            1. Posted "Hey guys whats the true meaning of business"
            2. Got A LOT of great answers
            3. Told every member their opinions were wrong.
            4. Said "Maybe I'll explain my worthless thread later... after the holidays maybe."

            Again, you and this thread fail hard.
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            • Profile picture of the author Ralph Moore
              Hey "Cool Hand",

              Seriously?

              For someone who is sporting the handle, you are coming across (at least to me) as kind of, well, UN-cool.

              The guy got exactly 8 different answers before you jumped him. I would expect a thread like this to go quite a while and maybe offer some very interesting observations on business - if anyone cares to continue.

              Take a 'chill-pill' and stay cool man.

              Originally Posted by Cool Hand Luke View Post

              :rolleyes:

              This isn't your thread, so you don't make the rules or decide who gets to post. If you're going to make a pointless thread which offers NOTHING of value AND insult forum members while you're at it, you'll get called out on it.

              Nothing about you is positive btw. You did the following here:

              1. Posted "Hey guys whats the true meaning of business"
              2. Got A LOT of great answers
              3. Told every member their opinions were wrong.
              4. Said "Maybe I'll explain my worthless thread later... after the holidays maybe."

              Again, you and this thread fail hard.
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              • Profile picture of the author Nexstair
                Hey - dont go to a Jargon , Its simple like Give less and get More.Is't it?
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                • Profile picture of the author Jeff Henshaw
                  Hey "Cool Hand",

                  Seriously?

                  For someone who is sporting the handle, you are coming across (at least to me) as kind of, well, UN-cool.

                  The guy got exactly 8 different answers before you jumped him. I would expect a thread like this to go quite a while and maybe offer some very interesting observations on business - if anyone cares to continue.

                  Take a 'chill-pill' and stay cool man.
                  I tend to agree with Cool Hand.

                  Have you read some of the above posts from the op?

                  Here are some:

                  I agree with you, but there are some key parts missing.
                  I agree a business could spit out money, but it is impossible for it to spit out money on its own. In other words you will have to do some important things first for it to spit out the money.
                  Yes in business we do trade goods or services, but there are a lot more key things that happens before we could even trade in the first place.
                  Talk about keeping people hanging on a string!

                  If anything earth shattering comes out of this thread, I'll eat my hat.

                  Just my thoughts,

                  Jeff.
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                  • Profile picture of the author Ralph Moore
                    Hi Jeff,

                    I think the OP was just trying to get a "conversation" started and bring out a lot of ideas about what it means to run a business or what a business really is.

                    I don't know about anything as you said 'earth shattering' coming out of this thread.

                    In my opinion, running a business is the offer of entering into a relationship with the hope of producing an action or reaching a mutually beneficial goal, often the transfer of worth for worth. Not necessarily an 'even trade'.
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      • Profile picture of the author Ernie Mitchell
        Originally Posted by Open Minded View Post

        Ok guys, I haven't saw any sufficient definitions so far, so I'm going to talk about what I'm noticing so far. Most people here are talking mostly about what happens at the end of the process. Money is at the end of the process. Trading goods and services is at the end of the process. There are more important things that happens before any business could make money or trade.

        This is why I believe it's very important to be clear what business really is.. Many people try to become business owners, but don't fully understand what business is. I believe once I reveal my definition things should be much clearer.. I will reveal my definition very soon.. Maybe after the holidays.

        Please tell me where the mountain is to I may climb it and set at your feet and be the first to be enlightened.
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  • Profile picture of the author yugaeko
    i think, business is about helping another people..
    help meet the needs of others, and we receive benefits in kind..
    if we successful help others, they will feel happy.
    This is marketing, if they feel happy, they will buy back to us, all the more to promote our business to others because he was satisfied with what is obtained..

    business is about helping people.. we would grow if we are successfully helping others, isn't it??
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  • Profile picture of the author khaiyong
    Here's my short definition - Mutual transfer of value between two parties
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  • Profile picture of the author stevenalowe
    business is not one word with one meaning, it is one word with multiple uses with different meanings -
    • The simplest distinction is noun/adjective, e.g. "my business" and "business plan".
    • We can talk about general things like "the music business" or specific things like "online clickbank affiliate marketing business".
    • We can talk about things in between like "that's none of your business" and "getting down to business"

    But if you're looking for a general definition of the general notion of "a business", I would say that it is an ongoing process by which entities participate in transactions. I'd like to add "for mutual benefit" to that definition, but alas that is not always the case.

    Looking forward to your definition after the holidays.
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    • Profile picture of the author mounds
      In the most simple of forms, it's the exchange of one thing for another.

      If I trade you three beaver pelts for a rifle and ammunition, that's a business transaction.

      If I mow your grass and you pay me $30, that's a business transaction.

      It's exchange of value. All the crap in-between can work itself out. If you don't have value to exchange, you're dead in the water.

      No matter how it's spun, philosophized, or angled, the core remains the same: exchange of value.

      Are there pieces missing? Sure! We could tack any of the following onto the definition of business:

      - believe in your product
      - network
      - love what you're doing
      - focus on over-delivering

      ... but frankly, none of that matters right now. Why would I say that? Search any common problem and give the results an honest look.

      The value isn't there. The core principle is violated. Another desperate thread appears. Another WSO sold. Another tear cried by baby Jesus.

      In a board where being specific seems to lead to information overload, I'm going general: exchange value.

      I believe once I reveal my definition things should be much clearer.. I will reveal my definition very soon.. Maybe after the holidays.
      Well, hopefully the pilgrims don't become too restless in that month and get the thread locked.

      -Tim
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  • Profile picture of the author Mark Andrews
    Banned
    Business.. what is it really?
    Without reading any other replies...

    ...in a nutshell...

    All businesses exist to improve the lives
    of their customers in some way.

    Being in business is all about enriching
    the lives of other people.

    Do it well and you hopefully make a profit.

    Mess it up and you go out of business.

    Simple.


    Mark Andrews
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  • Profile picture of the author Fraggler
    Nicely said, Mark.

    I'd say business is simply a repeatable process or method created to provide a service that meets the needs or creates the wants of a customer while leaving the business owner with a profit (financial or otherwise).
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  • in simple words ""Providing quality services and getting results & get money for that service is business""....
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    Feel free to contact with me @ seoglobalexpert004@gmail.com

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