What is business?

If you think about starting your business, getting acquainted with business definition might be really useful.  The definition of the word “business” contains the essence of knowledge about what good business is.

Etymologically, the word business derives from “busy” – occupied, active.
In the social dimension, being a “busy” business-man may mean involvement in the organization of the process of producing goods or services for commercial purposes.

As we read in Merriam-Webster Dictionary

 

So business is about being busy with something. You can be busy with many things. Some things that make us busy can generate huge amounts of money over time. Some can generate just a little money. And there are things that make us busy but do not generate money at all.

So we can derive from business’ definition not only knowledge about what business is, but also we can learn what is good business about.

Good business = being busy with something that generates a lot of money. (Big income and little time spent on it. )

Real business is what gives money or any kind of wealth during appropriate period of time. The faster the business begins to earn, the more clever business idea is in general.
On the other hand some specific kinds of businesses need time to build brand. But building brand is necessary strategy for business to survive only when there is big competition in that business’ niche.

Real good ideas for business create their own niche and do not need as long time to build brand, because they are the only one brand in niche, because their brand from the very beginning is the niche.