Portal:Business

The Business Portal Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner. (Full article...) Selected article The Million Dollar Homepage is a website conceived in 2005 by 21-year-old student Alex Tew from Wiltshire, England, to raise money for his university education. The home page consists of a million pixels arranged in a 1000 × 1000 pixel grid; the image-based links on it were sold for $1 per pixel in 10 × 10 blocks. The purchasers of these pixel blocks provided tiny images to be displayed on them, a Uniform Resource Locator (URL) to which the images were linked, and a slogan to be displayed when hovering a cursor over the link. The aim of the site was to sell all of the pixels in the image, thus generating a million dollars of income for the creator. The Wall Street Journal has commented that the site inspired other websites that sell pixels. Launched on 26 August 2005, the website became an Internet phenomenon. The Alexa ranking of web traffic peaked at around 127; as of 9 May 2009, it is 40,044. On 1 January 2006, the final 1,000 pixels were put up for auction on eBay. The auction closed on 11 January with a winning bid of $38,100 that brought the final tally to $1,037,100 in gross income. During the January 2006 auction, the website was subject to a distributed denial-of-service attack and ransom demand, which left it inaccessible to visitors for a week while its security system was upgraded. The Federal Bureau of Investigation and Wiltshire Constabulary investigated the attack and extortion attempt. More selected articles... More... Selected image IBM stand during CeBIT 2010 at the Hanover fairground, the largest exhibition ground in the world, in Hanover, Germany. A trade fair (trade show, trade exhibition or expo) is an exhibition organized so that companies in a specific industry can showcase and demonstrate their latest products, service, study activities of rivals and examine recent market trends and opportunities. In contrast to consumer fairs, only some trade fairs are open to the public, while others can only be attended by company representatives (members of the trade, e.g. professionals) and members of the press, therefore trade shows are classified as either "Public" or "Trade Only". A few fairs are hybrids of the two; one example is the Frankfurt Book Fair, which is trade-only for its first three days and open to the general public on its final two days. They are held on a continuing basis in virtually all markets and normally attract companies from around the globe. For example, in the U.S. there are currently over 10,000 trade shows held every year, and several online directories have been established to help organizers, attendees, and marketers identify appropriate events. More selected pictures... Read more... Selected quote Heroism and the respect it commands is a form of compensation by society for those who take risks for others. And entrepreneurship is a risky and heroic activity, necessary for growth or even the mere survival of the economy. It is also necessarily collective on epistemological grounds-to facilitate the development of expertise. Someone who did not find something is providing others with knowledge, the best knowledge, that of absence (what does not work)-yet he gets little or no credit for it. He is a central part of the process with incentives going to others and, what is worse, gets no respect. I am an ingrate toward the man whose overconfidence caused him to open a restaurant and fail, enjoying my nice meal while he is probably eating canned tuna. In order to progress, modern society should be treating ruined entrepreneurs in the same way we honor dead soldiers, perhaps not with as much honor, but using exactly the same logic (the entrepreneur is still alive, thought perhaps morally broken and socially stigmatized, particularly if he lives in Japan.) For there is no such thing as a failed soldier, dead or alive (unless he acted in a cowardly manner)-likewise, there is no such thing as a failed entrepreneur or failed scientific researcher, any more than there is a successful babbler, philosophaster, commentator, consultant, lobbyist, or business school professor who does not take personals risks. (Sorry.) Psychologists label "overconfidence" a disease, blinding people to the odds of success when engaging in ventures. But there is a difference between benign, heroic type of risk taking that is beneficial to others, in the antifragile case and the nastier modern type related to negative Black Swans, such as the overconfidence of "scientists" computing the risks of harm from the Fukushima reactor. In the case of the former, what they call overconfidence is a good thing, not something to medicate. —Nassim Taleb, Antifragile, 2012 ...Archive More… Suggest Topics Business: Accountancy · Actuarial science · Administration · Business continuity planning · Business development · Business ethics · Business intelligence · Business model · Business process · Businesspeople · Commerce · Commercial law · Companies · Companies law · Control · Consumer behaviour · Corporate crime · Corporate social responsibility · Electronic commerce · Entrepreneurship · Family business · Fictional companies · Finance · Globalization · Industry · Information technology management · Insurance · Internal communications · International business · International trade · Logistics · Management · Market · Marketing · Market Research · Mergers and acquisitions · Operations management · Operations research · Organizational studies · Procurement · Project management · Public relations · Quality management · Retailing · Risk management · Sales · Supply Chain Management Lists: Accounting · Business · Business law · Business management · Business theorists · Economics · Economists · Finance · Human resource management · Important publications · Industrial organization · Information technology management · International trade · Management · Marketing · Production · Project management · Think tanks General images The following are images from various business-related articles on Wikipedia. In 2012, Ambassador-at-Large for Global Women's Issues Melanne Verveer greets participants in an African Women's Entrepreneurship Program at the State Department in Washington, D.C. Offices in the Los Angeles Downtown Financial District A vegetable seller in a rural Sri Lankan village Lindley LJ was the leading expert on partnerships and company law in the Salomon v. Salomon & Co. case. The landmark case confirmed the distinct corporate identity of the company. Emil Jellinek-Mercedes (1853–1918), here at the steering wheel of his Phoenix Double-Phaeton, was a European entrepreneur who helped design the first modern car 17th-century Walloon-Dutch-Swedish businessman Louis De Geer (1587–1652) was a pioneering entrepreneur and industrialist at the dawn of modern capitalism. A beach salesman showing necklaces to a tourist in Mexico A bond issued by the Dutch East India Company (VOC), dating from 1623, for the amount of 2,400 florins "Jack and the Giant Joint-Stock", a cartoon in Town Talk (1858) satirizing the 'monster' joint-stock economy that came into being after the Joint Stock Companies Act 1844. Chart of the South Sea Company's stock prices. The rapid inflation of the stock value in the 1710s led to the Bubble Act 1720, which restricted the establishment of companies without a royal charter. 1/8 share of the Stora Kopparberg mine, dated June 16, 1288. A Hollister Co. store in Leeds, England; the clothing retailing is a prominent sales market Mexican Stock Exchange in Paseo de la Reforma, Mexico City Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. Time required to start a business in 2017 Dell Women's Entrepreneur Network event in New York City McDonald's Corporation is one of the most recognizable corporations in the world. Apple co-founder and longtime leader Steve Jobs (pictured in 2010) led the introduction of many innovations in the computer, smartphone and digital music industries Replica of an East Indiaman of the Dutch East India Company/United East Indies Company. The Dutch East India Company (VOC) is often considered by many to be the first historical model of the modern corporation. The VOC was also the first permanently organized limited-liability joint-stock corporation, with a permanent capital base. Malala Yousafzai, a Pakistani activist, social entrepreneur and youngest-ever Nobel Peace Prize winner Related WikiProjects Accountancy Business Companies Cooperatives Economics Finance & Investment Game theory International development Numismatics Private Equity Retailing Shopping Centers Taxation Law Trade Environment Business articles – Deletion sorting Business news Wikinews Economy and business portal June 21: British supermarket chain Tesco to sell its Polish branch to Salling Group A/S March 13: Stores in Australia lower toilet paper limits per transaction July 10: Benin, Nigeria join African Union continental free trade bloc April 28: US Department of Justice investigating Ford over emissions testing problems January 7: President Trump says he 'can' and 'may' put US into state of emergency to build border wall December 3: Investigation of Deutsche Bank headquarters spills into second day November 22: Airbnb announces intent to remove Israeli West Bank settlement property listings October 29: Technology giant Microsoft completes acquisition of GitHub June 6: Microsoft announces plan to acquire GitHub for US$7.5 billion May 23: Software giant Adobe Systems to acquire Magento Commerce for US$1.68 billion ...2021 in economics Read more… On this day in Business history... January 24: 1930 - Bernard Matthews, an English businessman, founder of Bernard Matthews Farms, was born on this day. Did you know ...that Luca Pacioli, codified the double-entry bookkeeping system in his mathematics textbook Summa de arithmetica, geometria, proportioni et proportionalità published in Venice in 1494? ...that, as of August 2008, more than 113 countries around the world, including all of Europe, required or permitted IFRS reporting and 85 required IFRS reporting for all domestic, listed companies? ...that IFRS financial statements consist of a statement of financial position, a statement of comprehensive income, a statement of changes in equity, a Statement of Cash Flows and a Notes to the Financial Statements? ...that in the circular flow model, the inter-dependent entities of producer and consumer are referred to as "firms" and "households" respectively and provide each other with factors in order to facilitate the flow of income? ...that Wassily Leontief was the first to use a matrix representation of a national economy, in his input-output model? ...that the balance of payments of a country is the record of all economic transactions between the residents of a country and the rest of the world in a particular period? ...that the existence of property rights, besides being a fundamental item in many legal systems, constitutes also the fundamental presupposition for the mathematical validity of both the accounting equation (financial statements) and the equality of gross value added and net output (national accounts)? 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