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 Odwalla Inc. is an American food product company that sells fruit juices, smoothies and food bars. It was founded in Santa Cruz, California, in 1980 and since 1995 is headquartered in Half Moon Bay, California. Odwalla's products includes juices, smoothies, soy milk, bottled water, organic beverages, and several types of energy bars, known as "food bars". The company experienced strong growth after its incorporation in 1985, expanding its distribution network from California to most of North America, and went public in 1993. In 2001, Odwalla was acquired by The Coca-Cola Company for US$181 million and became a wholly owned subsidiary. A period of decline occurred as the result of a fatal outbreak of E.coli-H7 in 1996 that was caused by using bruised fruit that had been contaminated. Odwalla originally sold unpasteurized juices, claiming that the process of pasteurization altered the flavor of the juice. Following the E.coli outbreak, Odwalla adopted flash pasteurization and other sanitization procedures. Odwalla recalled its juices and experienced a 90% reduction in sales following the event. The company gradually recovered and the following year became profitable again. More selected articles... More... Selected image A Moorish Bazaar Photo credit: Genghiskhanviet A bazaar is a market: a permanent enclosed merchandising area, marketplace, or street of shops where goods and services are exchanged or sold. The term originates from the Middle Persian word vāzār. Souq is another word used in the Middle East for an open-air marketplace or commercial quarter. The term bazaar is sometimes also used to refer to the "network of merchants, bankers, and craftsmen" who work in that area. Although the current meaning of the word is believed to have originated in native Zoroastrian Persia, its use has spread and now has been accepted into the vernacular in countries around the world. The rise of large bazaars and stock trading centers in the Muslim World allowed the creation of new capitals and eventually new empires. New and wealthy cities such as Isfahan, Golconda, Samarkand, Cairo, Baghdad, and Timbuktu were founded along trade routes and bazaars. Street markets and arcades are European and North American equivalents. 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. Time required to start a business in 2017 (from Business) 17th-century Walloon-Dutch-Swedish businessman Louis De Geer (1587–1652) was a pioneering entrepreneur and industrialist at the dawn of modern capitalism. (from Entrepreneurship) Offices in the Los Angeles Downtown Financial District (from Business) A bond issued by the Dutch East India Company (VOC), dating from 1623, for the amount of 2,400 florins (from Corporation) 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. (from Entrepreneurship) 1/8 share of the Stora Kopparberg mine, dated June 16, 1288. (from Corporation) Mexican Stock Exchange in Paseo de la Reforma, Mexico City (from Business) "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. (from Corporation) 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 (from Entrepreneurship) A beach salesman showing necklaces to a tourist in Mexico (from Sales) Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. (from Entrepreneurship) 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. (from Corporation) Malala Yousafzai, a Pakistani activist, social entrepreneur and youngest-ever Nobel Peace Prize winner (from Entrepreneurship) 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 (from Entrepreneurship) Dell Women's Entrepreneur Network event in New York City (from Entrepreneurship) A vegetable seller in a rural Sri Lankan village (from Sales) McDonald's Corporation is one of the most recognizable corporations in the world. (from Corporation) 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. (from Corporation) A Hollister Co. store in Leeds, England; the clothing retailing is a prominent sales market (from Sales) 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. (from Corporation) 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 July 21: Technological University Dublin senior lecturer Dr Lorcan Sirr speaks to Wikinews on housing market in Ireland July 15: California governor signs new state budget, eligible Californians to get stimulus payments July 4: 130 OECD countries agree to back global corporate tax rate June 30: 'Each makes the other more difficult to recover from': University of Sussex professor L. Alan Winters speaks to Wikinews on trade, COVID-19, Brexit June 16: Wikinews interviews Victor Kline, leader of newly registered The New Liberals party in Australia April 23: Irish Finance Minister Donohoe criticises OECD's global minimum corporate tax rate April 17: People protest in Berlin against German Court overturning five-year rent cap March 5: Chancellor Rishi Sunak announces UK budget 2021 February 10: Disney to shut down Blue Sky Studios, animation studio behind 'Ice Age' January 24: World Trade Organization declares US tariff hike illegal, rules in South Korea's favour ...2021 in economics Read more… On this day in Business history... September 26: 1902 - Levi Strauss, German-American businessman, founder of Levi Strauss & Co., was born on this day. Did you know ...that former Harvard University president Lawrence Summers served as the World Bank Chief Economist from 1991 to 1993? ...that André Meyer quit school at age 16 to work as a messenger boy, and was later described as "the most creative financial genius of our time in the investment banking world" by David Rockefeller? ...that Valrhona, a company based in the small town of Tain l'Hermitage in the Rhône Valley in France, is one of the world's leading manufacturers of high-quality chocolate? ...that it is estimated that more than 85 percent of all business information exists as unstructured data, commonly appearing in e-mails, memos, reports, letters, presentations and Web pages? ... that the Automotive Electronics Council is an organisation based in the USA that sets qualification standards for the supply of components in the automotive electronics industry. ... that Hollywood accounting is the practice of distributing the profit earned by a large project to corporate entities which, though distinct from the one responsible for the project itself, are typically owned by the same people, with the net result of reducing the project's profit by a substantial margin, sometimes even eliminating it altogether. ... the Consumables model is another name for the Razor and blades business model? 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