A company is a economic-social unit, composed of human, material and technical elements, which has the objective of obtaining profits through its participation in the market of goods and services. For this, it makes use of the productive factors (labor, land and capital).

Companies can be classified according to economic activity they develop. Thus, we find primary sector companies (that obtain resources from nature, such as agricultural, fishing or livestock), from secondary sector (dedicated to the transformation of goods, such as industrial and construction) and third sector (companies that are dedicated to the offer of services or trade).

Workers

I work in an office.

Companies according to their constitution and ownership

Another valid classification for companies is according to their legal constitution. There are companies individual (belonging to a single person) and corporate (made up of several people). In this last group, the companies in turn can be anonymous, from limited liability and of social economy (cooperatives), among other.

Companies can also be defined according to the capital ownership. Thus, we find private businesses (its capital is in the hands of individuals), public (controlled by the state), mixed (the capital is shared by individuals and by the State) and self-management companies (the capital is owned by the workers).

The business Administration, meanwhile, is a science Social which is dedicated to the study of the organization of these entities, analyzing the way in which they manage their resources, processes and the results of their activities.

Worker

Industrial companies create numerous jobs.

How to start a business

Nowadays, opening a company is easier than ever, since in many cases most of the procedures can be carried out from home through Internet. However, this does not mean that it does not require a large investment of energy and effort to grow and be successful. Perhaps the comfort that current technologies offer us often lead us to make bad decisions because of underestimating the importance of commitment.

Before taking the first step, we must define very precisely the characteristics of the company that we want to have. This encompasses its purpose and type of organization, which can be determined on the basis of ‘what for’, ‘for whom’ and ‘in what way’ questions. On a personal level, it is also essential to ask ourselves “why” we want to embark on it; Although this may seem irrelevant to the public, the bond that exists between the founder and his company will depend on several factors that make his growth, his vision and his dealings with the consumers.

Knowing the company’s market

Once we are clear about these issues, we must make a study market, more or less formal, to find out if similar companies already exist. If so, it is important to know if the market is saturated with them or if there is still a space in which we could locate ourselves. Going forward with a project for the mere whim of satisfying the need usually leads to a resounding failure that could be avoided with humility: if our idea is not appropriate for the economic and social context of the moment, we should take a step back and look for a new one. .

These are the rudiments of the birth of a company, but none of the technical aspects compare in difficulty as the patience needed to watch it grow from a paper project to a constant and reliable source of money, especially if we intend to make it our only financial support to meet all expenses. We must arm ourselves with strength to overcome various administrative obstacles and know that we may not perceive money until after several months or even more than a year.