Republic of uzbekistan andijan machine-building institute fundamentals of business management

7.2. Small Business Basics 
No one claims to be an expert in business. In business, it is difficult to separate absolute principled, 
sharp concepts. Herbert is a well-known supervisor and practitioner in the business world 

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Newton Cason's book "The Art of Wealth" gives the rules of making and keeping money. 
1. See a clear target. 
2. Plan the work to be done. 
3. Ensure the continuity of contracts and maintain it. 
4. Deposit money into the property account. 
5. Use acquaintances, establish constant contact with them. 
6. Only spend money on things that can be sold. 
7. Take advantage of it. 
8. Buy when prices are low, sell when prices rise. 
9. Listen to your bankers. 
10. Keep your money always flowing. 
11. Borrow as much as you can put down. 
12. Never lend money. 
13. Get a loan for business development. 
14. Watch the price swing. 
Thus, business activitiesBeing the main link of the market economy, it was formed due to the 
market economy system. Evolutionary changes in the market economy also change the conditions 
of economic organization of business activities. Their goals are different. The purpose of business 
is usually to make a profit and to make it stable, to continuously increase the profit and get rich, to 
increase the capital at the expense of the profit. Such profit will be aimed at meeting the further 
development of business and social requirements. We can see this in the diagram below. 
Drawing 1. Purpose of business 
. 
The goal of an entrepreneur is to search for new thoughts and ideas, to analyze them, to reveal his 
entrepreneurial and creative abilities, and to achieve success in the development of his work. The 
main aspect of business is entrepreneurship. In the Law of the Republic of Uzbekistan "On 
guarantees of entrepreneurship and entrepreneurial activity" (14.04.1999): 
"Entrepreneurship (entrepreneurial activity) is an initiative activity aimed at obtaining income 
(profit) in accordance with legal documents, carried out by legal entities and individuals by means 
of product production (execution of work, provision of services) at risk and under their own 
property responsibility. " is indicated. "Entrepreneur" is a natural person, whether or not he is a 
legal entity, who is constantly engaged in entrepreneurial activities (individual entrepreneur)» 
Such expressions do not provide complete information about entrepreneurship and entrepreneur, 
does not adequately illuminate the essence. What is entrepreneurial activity, its characteristics and 
important principles in its implementation? This issue can be somewhat clarified by the concept in 
V.Dolya's dictionary. 
"Entrepreneur means starting a new business, starting to do it, doing something bigger." An 
entrepreneur, that is, a thinking person, is a person who is inclined to run an enterprise, capable, 
capable of handling large-scale tasks, brave, four-pointed and a master of such tasks. S. Ojegova's 
dictionary has somewhat expanded the concept of an entrepreneur: 
"Entrepreneur is a person who thinks when it is most needed, can find solutions, is resourceful, 
inventive, and has a practical approach to work." In both dictionaries, entrepreneurial activity is an 
activity that has its own characteristics in its behavior, behavior, and thinking skills. All of these 
represent aspects such as initiative, doing business with methods unknown to anyone, risk-taking, 
and sticking to work. If we want to have more complete information about entrepreneurship and 
entrepreneurs, we should refer to the ancient roots and depths of economic thoughts, the work of 
scientists who have dealt with such problems. 

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we need to do. English economist R. Cantillon was the first to introduce the concept of 
"entrepreneur" into the economic theory at the beginning of the 18th century. He understood a 
person who buys other people's goods at known prices and sells his own goods at unknown prices 
and earns an unknown and unspecified amount of income. Here, risk-taking is considered the most 
important indicator of an entrepreneur. The French economist of the late 18th and early 19th 
centuries understood the entrepreneur as a person who starts a business and manufactures some 
product for his own benefit. 
According to his emphasis, an entrepreneur uses production factors - capital, labor, natural 
resources rationally. Sey wrote in sufficient detail the characteristics of an entrepreneur, the nature 
of his income.