Many people dream of setting up a business and I also often hear it from colleagues, friends and relatives.
What is business?
businessdictionary.com defines it as "Economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a sufficient number of customers to whom its output can be sold at profit on a consistent basis."
Note the key points from the above definition:
- goods and services are exchanged for one another or money, on the basis of their perceived worth
- requires some form of investment
- sufficient number of customers to whom its output can be sold at profit on a consistent basis."
Anyone else interested in setting this part-time business? I can share with you. No problem.
No fixed overheads and the goods are rarely perishable.
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