Ostroff, Fair and Company
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What a big problem in a business?



I don't no about bussines

that sounds like a big problem in business...not knowing about it..
Finding customers.
Business starts when someone puts up some money to buy something, to sell at a higher price, either by altering it or moving it.

For example, I can buy $100 worth of corn, and sell it for $200 by trucking it to the farmers' market (moving it), or I can take the same $100 worth of corn, heat it, and turn it into $200 worth of popcorn (altering it).

That's about as basic as it gets or needs to get. The "big problems" of business are one - losing money instead of making money. Corn might be selling for $50 at the farmers' market, or people might buy only $50 worth of popcorn.

All of economics is an eloboration of these simple concepts.
Making money. The purpose of a business is to make money (profit), if you don't fulfill this goal you will have to shut down your business..
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