Business Activities

Definition: Business activities refer to the core tasks and operations a company performs to generate revenue and achieve its objectives. These activities typically fall into three categories: operating (daily operations), investing (acquiring assets), and financing (raising capital).

Example: A handmade jewelry business’s primary business activity is designing, crafting, and selling jewelry, while secondary activities might include marketing or sourcing materials.

Resources:

• Business Activity Checklist: Use tools like SCORE to identify and organize your business activities effectively.
• Business Planning Templates: Platforms like LivePlan help document and strategize your business activities.
• Activity Tracking Software: Tools such as Asana or Trello streamline operational activities.

Learn More: Visit our NAICS guide to explore how defining your business activities helps in classification and compliance.