Someone who owns or works for a company is referred to as a businessperson. Those with higher levels of responsibility, such as managers or executives, are frequently referred to as “executives.” Men and women work in a variety of industries and pursuits as businesspeople.
A white collar worker is a common term for a businessperson. This means that his or her job does not entail manual labor, such as construction, farming, or other physically demanding tasks. Working in an office, where mental rather than physical performance is required, is what a white collar job entails. This isn’t necessarily a reflection of white-collar vs. blue-collar workers’ intelligence levels, but rather a distinction in job responsibilities.
A businessperson’s place of employment can be very different. Some work in the manufacturing or sales of goods and services. Others, such as investment bankers or day traders, may work in the financial sector. Non-profit organizations, such as grant foundations, educational groups, and various charities, may employ businesspeople. Even though their work may have significant connections to business and the economy, government employees are not typically considered businesspeople.
A businessperson’s formal education may or may not exist. While many have specialized degrees in a specific field, others rise through the ranks of business through apprenticeships, natural intelligence, or even inheritance. There is no one-size-fits-all path to becoming a businessperson; university education, professional connections, entrepreneurial instincts, and family ties can all lead to success.
Businesspeople have traditionally been associated with society’s upper and middle classes. Because they had primary access to liquid funds, nobles and merchants did the majority of the buying, selling, and investing in previous years. Artisans, farmers, and industrial workers, on the other hand, had little opportunity for savings and tended to rely on barter systems and trades, or use earnings solely for necessities, rather than having the luxury of amassing and spending wealth.
However, business is not always associated with extreme wealth or prestige, and becoming a businessperson does not always imply a path to wealth and success. A single person sitting at a computer in pajamas selling artistic greeting cards via an Internet website is just as much of a businessperson as a Wall Street banker dressed up in a swanky suit. Furthermore, the greeting card salesperson may be able to achieve significant financial success through a small, personal business model, whereas the investment banker’s career and investments are far more susceptible to market and investment whims. Indeed, market-expanding tools like the Internet have significantly broadened the scope of the business world, allowing more people than ever before to try their hand at entrepreneurship.