Before starting any-kind of business,we should know that what is business.What does business stands for,because it is very important to start your business.
What is Business: Any legal activity which is done for the purpose of earning money is know as business.
Types of Business:-
There are three types of businesses.
1.Sole Tradership
2.Partnership
3.Joint stock company
Sole-Tradership Business:-
A type of business which is only handle by one person.The one person which is handling the business is known as Entrepeneur.
Partnership:-
When two or more than two business persons or any persons make a deal to start or run a company,a shop or any kind of work which purpose is to earn money and equally share the profit is known as partnership.
joint-stock company:-
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by share holders.It is a very large scale business.
Famous tricks to run a very successful business:-
1.First,off all you have to set your mind that business is not just investing money.Business is based on investing your precious and a very important Time of yours.
2.Don't follow others what they are doing,create your own rules and follow them honestly.
3.Be creative
4.Don't lose your hope and never give up one day you will succeed.Set this line in your mind.
5.Provide very good services to people.
6.Make every plan about your profit and loss.Thinks on that point where you thought that my company will face the loss in future and then work on it.
7.Stay focused on your goals
8.Use the policy Try,try,try,try again and try again.
9.A smooth sea never make a skillful sailor.
Ideas for passive Income:-
1.Start an ATM business.
2.Invest in Royalty income.
3.Start an influencer instagram account.
4.Sell on amazon.
5.Automate a shopify store.
6.Invest in rental property.
7.Grow one or more youtube channels.
Focus is a key to success:-
If there are 9 rabbits on the ground.And you want to catch One.Then just focus on the one.
(Jack Ma)
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