Six Small Business Names to Look for When Deciding What Type of Business You Want to Start

The first definition of business was published by Peter Drucker back in 1937. He defined business as: a human enterprise organized for the purpose of making a profit. In recent years this standard has been modified slightly for business with salespeople, consultants, and insurance underwriters included. This broad definition of business covers most types of small business in the United States today.

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Six Small Business Names to Look for When Deciding What Type of Business You Want to Start

The first definition of business was published by Peter Drucker back in 1937. He defined business as: a human enterprise organized for the purpose of making a profit. In recent years this standard has been modified slightly for business with salespeople, consultants, and insurance underwriters included. This broad definition of business covers most types of small business in the United States today.

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The second definition of small business is: A firm or corporation engaged in any one activity affecting commerce or the exchange of goods and services for money. The word “commerce” in this definition includes interstate commerce, local commerce, trade or commerce between counties, states, nations, and even individuals. Businesses, unlike corporations, are not required to register for corporate taxes. They are, however, required to report their assets and liabilities, and to compile and maintain records of all tax transactions. This reporting requirement also applies to partnerships and similar commercial arrangements.

The third description of small business is: an agency or instrumentality of government organized for the conduct of business. It generally deals with the public and the regulation of enterprise activities. Some examples of the types of agencies and institutions that fall into this category include: courts, ditaries, post offices, commissions, tribunals, boards, departments, corporations, public utilities, cooperatives, public postal services, central banks, central banking, central collecting agencies, independent statutory boards, municipal organizations, statehouses, state financial institutions, publicly traded corporations, private schools, proprietary institutions, registered dealers, stock exchanges, and toll booths.

The fourth description of small businesses is: a private, usually small business concern that purchases, manufactures, distributes, or assembles tangible items. In this category you will find the names of many corporations that have come to be very important, such as Ford, GM, AT&T, and Xerox. Many new small businesses are started in this category each year because of their unique qualities.

The fifth description of small businesses is: an establishment that employs fewer workers than the business is capable of providing. These establishments are generally owned by one person, although they can also be large corporations. In most cases, this means there is a larger percentage of workers employed in a small business than in other kinds of businesses. This also means that there are fewer employees available to do the jobs a business needs to do, unless the owner decides to downsize.

The sixth description of small business is: a privately owned and operated unit that is closely held by fewer owners than it is operated by its owners. It has generally fewer employees than either the size standards of the six described above, or the number of owners that control a company. Most small businesses are owned by one or two people. Examples include jewelers, restaurants, barbers, bakeries, and mechanics.

The seventh description of small businesses is: those that are not properly regulated by the government. These types of businesses often operate without being properly taxed or allowed to invest in risky ventures. In some cases, the government does not regulate these businesses either because they do not meet size standards, or because they are loosely regulated by the United States government. Examples of these businesses are unregulated restaurants, bars, and fly-by-night trucking fleets.

Finally, the last description of a small business is: a business that meets the requirements of the United States government. A small business owner needs to look to government contracts to get the jobs done. Government contracts are a great way for a small business owner to find work and keep the business profitable. By investing time and money in the community and with government contracts, a small business owner ensures that he or she will always have a job and a business that pay their taxes.

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