Question

what are the three differences between business and profession..??

Answer 1

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1️⃣Minimum qualification:-
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→ No qualification is required to start a business.

→ A minimum technical or academic qualification is needed to join a profession.

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2️⃣Capital:-
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→ An adequate amount of capital is required to run the business efficiently.

→ Real capital is the competency and specialized knowledge of the profession.

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3️⃣Objective:-
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→ The main objective of the business is to earn profits.

→ Service first, profit second is the main objective of the profession.

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4️⃣Risk:-
______

→ There is an element of risk in the business.

→ In profession, there is minimum risk.

Answer 2

hey there !!!

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business -- business refer to the word busy ness ,, means being busy is known as business .

in business following things are needed ;-

1. in business no need of personal skill .

2. in business no need of any certificate that you have learnt from this Or that university to how to do business .

3. in business you are the owner and no minimum qualification is necessary .

4. profits are uncertain and income is irregular , risk is present .

but ,,

In profession this is just opposite

the profession needed following things:-

1. in profession there must be need of a personalised skill . like for an engineer you need a work experience of engineer or training of engineer .

2. in profession there must be needed to that you have passed from any university ,, or must needs a degree of certified university.

3. in profession you work as an employees under any big hospital , engineering industries or anything .

4. no profit ,, but income is regular and fixed .

these were the differences between profession and business .

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hope it helps !!!

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