Personal MBA: Five Parts of Every Business

I love a good definition. It’s so important to define terms when your thinking about a topic, and this definition of a business, I think, is really helpful. I imagine it acts as a sort of sure foundation to build upon and make better decisions in the course of owning a business or even through the course of fulfilling your responsibilities as an employee. You can think through different challenges or decisions and ask yourself, “Is this decision or obstacle causing me to stray away from any of these key aspects?”