Business and Financial Guru

Talking about business is very interesting. All about business are awesome and great. We know that business is commonly profitable. But, do you know that there is a non profit business? Non profit business is an organization that serves a specific cause and is not intended to make any profit.

For example, some hospital, some schools, charitable organizations, churches. They are willing to serve people without any specific intended to make a profit. They are doing non profit businesses. Although they are not profit businesses, but they should run like businesses. So that, the principle of business is working and the activities within it can go well.

There are also resources used to produce products or services. It relies on the factor of production, such as:

1. Natural resources (gold, coal, oil, and many others)

2. Human resources (people skills, knowledge, and experiences)

3. Capital (includes many things, such as machinery, equipment)

4. Entrepreneurship (create own business)

The creation of business ideas and the willingness to take risk, the act of creating, organizing and managing a business are all important to know.

They are also key stakeholders in business, they are:

1. Owners
2. Customers
3. Suppliers
4. Creditors
5. Employees

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