A business is a firm that is run for professional, commercial or industrial purposes. It could be a single-person business operating under the name of a DBA, or it can be a multinational company that serves multiple industries. All businesses, no matter their size or industry face unique challenges which may hinder them from growing.
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What is a company owned by an individual?
Individual business is a kind of business ownership where an individual is sole proprietor. It is the most typical form of small-scale business ownership.