What’s Business?
Roughly Defined:
A Business is a Repeatable Process that:
1. CREATES and DELIVERS Something of Value…
2. That Other People WANT or NEED…
3. At a PRICE They’re Willing to Pay…
4. In a way that satisfies the Customer’s NEEDS and EXPECTATIONS
5. So that the Business brings in enough PROFIT
Enough Profit to make It WORTHWHILE for the Owners to CONTINUE Operation