what is business

What is Business? Essential Concepts, 4 Types, and Key Research in the AI Era

Many people struggle to understand What a business actually is.   A business is an organization or entity involved in the action of buying and selling goods. On the basis of ownership, it can be a solo effort or the effort of a combined group of individuals selling goods or services in exchange for money. The…

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business startups

Why Most Business Startups Fail — And What You Can Learn from Their Mistakes

Most startups fail, with 91% not making it past ten years. This sobering reality is something every entrepreneur should understand before launching a venture. The U.S. Bureau of Labor Statistics reports that almost 20% of new businesses close in their first year. Additionally, 70% fail between years two and five. This shows that the time…

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future business, future of small business,

The Future Business: 7 Trends You Can’t Afford to Ignore in 2025

Future business success depends on your ability to anticipate what’s coming next. Are you prepared for 2025? I’ve been tracking small business trends closely, and the data is compelling. E-commerce now accounts for a fifth of all retail sales worldwide and is expected to grow to 22.6% by 2027. Furthermore, 64% of business owners report…

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