Business Activity| Business, A factor in financial stability| By@gidsbrown | 10% payout to the community account

Image edited on Canva

I bid you all greetings from my country. I hope everyone is doing just wonderful in this awesome community. the Business Activity community is indeed a place to be. I am so delighted that I was welcomed so greatly and in that manner, it has encouraged me to do more, so technically I am here to stay. Today I will be sharing with us all an important topic. It is one which some individuals fail to see the concept, and today I will be stressing the topic that says Business, A factor to financial stability, using my business as a case study. so I urge you all to stay connected as I drop my article regarding the said topic.

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WHAT IS BUSINESS?

Business can be seen as one unique commercial enterprise or we can also say establishment. it can also be seen as an occupation or trade. business is a special activity that is carried out that entails financial matters. also, a business can either be termed as one that is run by for-profit or nonprofit entities.

Business entails the activity of producing, buying, and selling items in other to make gains to boost the standard of living. with business, one rests assured to make a living from it. rendering services in exchange for money is also known as business.

Business, just like any other job, is an occupation because as a commercial activity it entails rendering services, providing items for exchange, and making more money as gains.

It does not matter the kind of things you sell, or the services you render in exchange for money, provided that it is legal and brings money to your pocket it is regarded as a business.

Now discussing how I make gains in my business after selling off certain goods is what I will be doing soon. as you all can see from the pictures that I have provided, these are the goods which I sell. I come to my shade by 12:noon for business, reason is that I work as a teacher in a school, and then after school hours, I return home and head straight to my shade in other to run the business of the day. having a good customer relationship with the people who come to buy my goods, they all know that I often come to the store by 12:noon for business and as such, they do come by 12- 6 in the evening to patronize me.

Selling the needed items by my customer and then making a 1:2 profit. as seen in the pictures, I sell Detergents, Soaps, Food ingredients, Mosquito repellant, and a lot more. so with this type of business, the profits are not that huge when compared to a car dealer. but then the aim and objective of a business are to gain financial stability be it how big or small the business is.

WHAT IS FINANCIAL STABILITY

Financial stability can be seen as the state in which an individual is stable regarding the financial aspect. this can also be seen as the process in which one is having the necessary finance to sort out all issues related to money and needs.

This is also a situation when one has no fear of lacking funds, knowing fulling well that all problems will be sorted that at any given time. let us take, for instance, I am having 10,000 STEEM, and I never invested the money on anything that will as well bring money to the table, and I kept spending it time after time, in short, while everything will get finished because I only have enough to solve my current problem not that I am financially stable with just 10, 000 STEEM. but being financially stable means that regarding the 10, 000 STEEM that I have, I am still opportune to get more and more without the money depreciating or reducing but either it keeps increasing and with that, I get to solve all problems both current and certain eventualities that are likely to happen.

BUSINESS, A FACTOR IN FINANCIAL STABILITY

Now talking about business as a factor in financial stability, business is a very lucrative occupation that has stood the test of time. business brings money to your pocket at all times, with the ability for your business to bring profits to the stable one is set.

Let me cite an example using my teaching job, I am a teacher who tutors in a school and then we are only paid every month. now, this salary we get at the end of the month can not be considered financial stability because it only comes once a month and some needs have to wait until the end of the month before they can be sorted out.

So no matter how much I get from the school as my salary, it will never amount to the money one gets in a business, this is because the money gotten from my teaching work is static, it comes monthly but the money I get from my business is daily and profits are being made.

With my business, I now have a lead way to being financially stable. I can as well make the money I get as my monthly salary from my business in a week. this is what I am talking about. business is a wonderful occupation that can make someone financially stable in a short duration. I have seen cases of my colleagues at work, trying to save monthly in other to meet a target at the end of the year, and at the end of the year, I noticed that my yearly savings from my business have doubled their individuals' savings in a year regarding the money saved from the salary they get every month.

I have compared and contrasted business and government jobs and I have concluded that, no matter how you try to save when you are working in a government organization or private sector, it can not amount to the financial stability a business renders. with my business, people equally come to me for financial assistance and I am always happy to render help. this can not be possible if I had relied on my monthly salary, which I would have not been able to do. and now with me combining my teaching job and business, I am attaining the level of being financially stable and every one of my colleagues wants to also start up a business alongside their teaching job because of the positive result they often see in me.

CONCLUSION

For one to attain the level of financial stability in business, one has to make sure that there is consistency in running the business, and also have a good customer relation with people that comes to patronize you. also, it is advisable that as a novice in business, one is expected to have a savings target daily. with this it will help you to limit your profit spending, and also always distinguish your capital from your profits, this will help you to manage your capital so well without tampering with it.

It is also necessary that we as business individuals keep our capital intact, as this determines the business. also, it is advisable that on the account of making profits as a new business owner to not touch your profit when you sell your goods, for a starting, you can as well use that profits to get more goods for restocking the business. on that note when you realized that you are set and everything s moving fine, you can now start eating the fruit of your labor and at that point, one is already on the way which leads to financial stability.

Thank you all for having taken the time to go through my article. see you next time.

MY BUSINESS DETAILS

Business name:	Strong and Might Store
Owner's name:	@gidsbrown
Business address:	Zaria, Kaduna state, Nigeria.
About us:	Link