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What is business ?

What is business

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Subject: Career question for you

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Tahir’s Answer

A business is a way to sell goods or services to customers. It can be a physical store or an online store. You invest time and money into a business, and in return you make money.
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Jason’s Answer

Business is essentially about creating products, goods, and services that people want to buy or sell. It's a big circle of activities that includes coming up with ideas, making those ideas into real things, selling them, and getting them to the people who bought them. That's what we call business.
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Christine’s Answer

Hi Ezekiel!

What a great question! Business is a broad term that people use to describe ways of making money. As the previous responders shared, business is a way to transact with others for money. You have a product or a skill that someone else needs, you and the other person come to an agreement of terms (the 'rules' of what both sides will do or contribute), and then you both deliver on those terms. For example, you are excellent at proofreading and editing. Another student can tell a great story, but often receives lower grades because their grammar is just okay. You and this student agree that for $20 you will proofread their term paper and provide recommendations to improve the grammar. These are the terms of your business interaction. So long as you both fulfill your end of the deal, it is a successful transaction.

Business is more than just a series of transactions between agreeing parties. Business is it's own world. With almost any skill, you can find a role in business that needs your skills. Great at problem solving? You can work in business strategy, product development, customer service, or sales. Really good in math? You can work in Finance or Accounting. Is writing and relationship management your thing? You can work in Marketing, Sales, Human Resources or general business management.

The key to success in business is finding a role that best aligns with your strengths. Ask yourself, "when am I at my best?", meaning, what classes were fun / easy for you because you enjoyed what you were learning or doing? What have your teachers said about you on your report cards, e.g., excellent writing skills, contributes valuable ideas to class conversations, it a great team player, etc.? Those are the things you should work to align with your career. When people say find your passion, they don't mean "find a job that will pay you to play video games"; they mean find something that you enjoy like reading, writing, problem solving, math, etc. and then look for career options that allow you to use those skills all the time.

Good luck!
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