Business Basics – Finding Your Niche
This short article considers what is meant by business and provides advice on finding your own niche in the age of the Web.
What is Business?
Survival requires many inputs; food, shelter etc etc. Yet more inputs provide additional comforts of life. Humans developed division of labor as means of increasing efficiency and individual utility. Rather than everyone try to do everything themselves, we specialize in a particular function and do it for others in return for the benefit of their functions; the process is blurred somewhat by money.
Business, essentially, is the process identifying the function/niche(s) that you wish to perform, doing it (them) for other people and receiving payment (and using such payments to buy your own needs/wants). (more…)