So many economic concepts and models governs the business world, concepts like the Historical cost concept, Business entity concept, dual aspect cost concept, law of demand and supply, the most famous. I believe, we all conversant with them.
Knowing all these theologies in our heads without feasible application brings about poor business relationship. Businesses should be treated with utmost respect and dignity, separated from the owner as entity concept suggest but keeping the confusing truth that the business is married to the owner.
How strong a business is, is a measure of the amount of uncertainties the owner can convert to risk and the amount of risk the business itself can conveniently scale through without killing itself. Hence, it is very important to foster strong business relationship, the business should understand it's owner and the owner should be able to think in line with the business future.
All I'm trying to stress out is the need for business owners to care, love, and treat their businesses well as this in turn will sustain their businesses by putting a radiant pulchritude on the business, enhancing it to pay you more.
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