Grandad

Grandad, what's a business? This is a simple question but like many simple questions the answer is a bit more complicated than you might expect. Complicated but easy to understand if you let Grandad explain. Quite simply, a business is a group of people who are joined together to sell something to bring in money, referred to as "income". A business can be very small, even just one person. This small business can have a legal form or the person can just consider himself (or herself) to be "self-employed". Even a one-man business must bring in enough money to pay for his living costs. Otherwise he will need to get a job in another business or live on social security paid out by the government and that is no fun at all. The size of business that we meet most often is as small as 2 or 3 up to as many as several hundred. These companies are often referred to as small and medium-sized enterprises (SMEs). They normally have a legal status such as "partnership" or "limited company". The big beasts in the business jungle can be very large indeed, often with thousands of employees and many millions of pounds income and are usually "Public Limited Companies" (PLCs). All these businesses are important and Grandad will tell you more about all these businesses in the next few days. bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs bestrpgs