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Sia ? 4 years, 4 months ago
| Basis | Business | Profession | Employment |
| Commencement | Business may commence with the decision of entrepreneur. | The profession may commence on completion of a degree course & by getting a certificate of practice. | Employment commences on joining duty by entering into a service agreement. |
| Qualification | No minimum qualification required before starting a business. | Prescribed & professional qualification & training required. | Qualification depends on the nature of the job. |
| Investment | Capital requirement depends on the scale of business. | Limited capital investment is required. | No capital investment is required. |
| Risk | In business, there is always risk & uncertainty. | In the profession, there is little risk present. | In employment, there is no risk involved. |
| Transfer of interest | Transfer of interest is possible with some formalities. | Transfer of interest is not possible. | Not possible to transfer the service contract. |
| Main objective | The main objective of business is to earn a profit. | The main objective of a profession is to provide service. | The main objective of employment is to earn income in the form of salary by satisfying the employer. |
| Code of conduct | There is no prescribed code of conduct for business. | Code of conduct is prescribed by the professional associations. | The terms & conditions of service contract are applicable to an employee. |
| Nature of work involved | It involves production, purchase & sale or exchange of goods & services. | It involves the rendering of personalized services of specialized nature. | It involves performing the work as assigned by the employer. |
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