Philippine economy is said to be growing fast due to visible economic progress that can bee seen through growing number business enterprises. But in return, to increase more the output, relying on goals and visions and factors such as skills, talent, man power and such things alike, it is true that one cannot stand without capital, so thereby it is an essential aspect on starting a business or continuing a business.

“Business enterprise is people” it is clearly defined that a business directly affects, or even rules, the everyday life of the people. Business contributes to la larger impact to people itself. People learn and adapt though experience from business or in business, their lives change as well as the economy. People run the business then drive the economy as what should be the outcome is. Business makes opportunities both for an entrepreneur and the workers. i.e. profit and employment.

A business is defined as any lawful economic activity which is concerned with making goods available as well as rendering of useful services to those who want and need them. Businesses are all around us and making our lives conform to the higher standard in our society.

There are many kinds of business, in fact too many to name. So many that it is broken down to 3 categories. These are Commerce, Industry and Services.

Purpose and Aim of Business

Making a profit is the primary goal of a business. In fact profit makes business grow and develop with it. Without profit, a business should not be called a business.