Subject Supporting Lecturer

English for Business and Dr. Pipit Rahayu, M.pd

Communication

Everyday Business Dealings

Arranged by group 7:
Delviana
Eny Thohiroh

ENGLISH STUDY PROGRAM

FACULTY OF TEACHER TRAINING AND EDUCATION
UNIVERSITY OF SAND PENGARAAN
TP. 2022/2023
 FOREWORD
First of all, the author would like to express his thanks to the presence of Allah SWT,
because by His mercy and grace, the title "EVERYDAY BUSINESS DEALINGS" was
completed on time. This paper is one of the requirements to fulfill Dr. Pipit Rahayu, M.Pd,
lecturer in English for Business.
The author also expresses his gratitude for all his guidance so that he can complete this
paper. In completing this paper, the author faced many obstacles, but with the help of many
parties, all these obstacles could be overcome. May Allah SWT give them blessings. This paper
has many shortcomings in its preparation and explanation, but the author hopes it can be used as
a reference for readers to understand it.

Rokan Hulu, 07 November 2023

Author

TABLE OF CONTENT
FOREWORD.................................................................................................................................2

TABLE OF CONTENT................................................................................................................3

CHAPTER 1 INTRODUCTION..................................................................................................4

1. Background..............................................................................................................................4

2. Formulation of the problem.....................................................................................................4

3. Purpose of the paper.................................................................................................................4

CHAPTER 2 DISCUSSION.........................................................................................................5

1. Definition of everyday business dealings................................................................................5

2. Common aspects of everyday business dealings.....................................................................5

3. The role of daily business transactions in economic growth...................................................6

4. The Importance of Effective Business Dealing.......................................................................7

5. Characteristics of Successful Business Dealings.....................................................................7

6. The activities that are involved in everyday business dealings...............................................7

7. Strategies for Improving Business Dealing Skills...................................................................8

CHAPTER 3 CLOSING...............................................................................................................9

Conclusion...................................................................................................................................9

REFRENCE.................................................................................................................................10
 CHAPTER 1

INTRODUCTION

1. Background
In the business world, everyday business dealings are an important part of building a
successful business relationship. This activity involves interaction between individuals,
companies, and organizations in the daily context of business.
In the emerged globalization era, daily business transactions play an important role in
spurring the economic growth of a country. Everyday business transactions are the foundation of
a dynamic global economy. And in the current era of globalization, it is important for companies
and individuals to understand the importance of everyday business handling.
This paper will explain the importance of everyday business dealings in building strong
business relationships and provide insight into the best practices that can be applied.

2. Formulation of the problem

1. Definition of everyday business dealings?
2. Anything Common aspects of everyday business dealings?
3. Anything The role of daily business transactions in economic growth?
4. The Importance of Effective Business Dealing?
5. Anything Characteristics of Successful Business Dealings?
6. Anything The activities that are involved in everyday business dealings?
7. Anything Strategies for Improving Business Dealing Skills?

3. Purpose of the paper

1. To know definition everyday business dealings
2. To know the common aspects of everyday business dealings
3. To know the role of daily business transactions in economic growth
4. To know The Importance of Effective Business Dealing
5. To know characteristics of successful business dealings
6. To know anything the activities that are involved in E B D
7. To know anything Strategies for improving business dealings skills
 CHAPTER 2

DISCUSSION

1. Definition of everyday business dealings

Everyday business dealing refers to the interactions and negotiations that occur on a regular
basis in the business world. It is crucial for success in any industry, as it affects relationships
with clients, partners, and colleagues.
Everyday business dealings refer to the daily activities that a business and its employees
engage in for the purpose of generating a profit and increasing organizational value. These
activities include financial management, sales, marketing, customer service, human resources,
accounting, and finance.
Everyday business dealings refer to the various tasks carried out in an organization and the
daily assignments of diverse employees that align with the company goals and lead to the firm's
overall profit. These activities are essential for generating income and increasing the company's
value.
Daily business transactions refers to any purchase, sales, and exchange, exchange, or
information related to the local and global market. This transaction covers various aspects of
business, including e-commerce, retail, financial services, and others. The scope of across the
industrial sector, building complex and interconnected economic networks.

2. Common aspects of everyday business dealings

Everyday business dealings refer to the routine and regular activities that businesses engage
in to conduct their operations. These activities are essential for the day-to-day functioning of any
business, regardless of its size or industry. Here are some common aspects of everyday business
dealings:
1. Communication
Businesses communicate internally among employees and externally with customers,
suppliers, and partners regularly. This communication can take various forms such as emails,
phone calls, meetings, and presentations.
2. Sales and Marketing:
Businesses engage in activities to promote their products or services, attract customers, and
make sales. This involves advertising, sales calls, promotions, and other marketing strategies.
3. Customer Service:
Providing excellent customer service is crucial for retaining existing customers and
attracting new ones. Businesses handle customer inquiries, complaints, and feedback on a daily
basis, striving to meet customer needs and ensure satisfaction.
4. Financial Transactions
 Businesses handle financial transactions daily, including invoicing, payments, payroll
processing, and managing expenses. This includes interactions with banks, financial institutions,
and accounting tasks.
5. Supply Chain Management
Businesses deal with suppliers to ensure the timely delivery of raw materials, components,
or products. This involves procurement, inventory management, and maintaining good
relationships with suppliers.
6. Human Resources
Businesses manage their employees, including recruiting, training, performance evaluations,
and handling HR-related paperwork. Human resources activities are ongoing to ensure a skilled
and motivated workforce.
7. Decision Making
Business leaders and managers make decisions daily, ranging from strategic choices to
operational issues. These decisions impact various aspects of the business, including finances,
operations, and customer relations.
8. Compliance and Regulations
Businesses need to comply with legal and regulatory requirements. This includes filing
taxes, adhering to labor laws, industry-specific regulations, and maintaining licenses and permits.
9. Problem-Solving
Businesses encounter challenges regularly, and employees engage in problem-solving to
address issues efficiently. This can involve troubleshooting technical problems, resolving
conflicts, or finding innovative solutions to improve processes.
Effective everyday business dealings require efficient organization, clear communication,
strategic planning, and adaptability to changing circumstances. Successful businesses navigate
these daily tasks with professionalism and agility to maintain their operations and foster growth.

3. The role of daily business transactions in economic growth

1. The driving force of economic growth

Daily business transactions create constant demand, encourage production, and enables the
company to develop, create employment and increase national income.

2. Product innovation and product development

Through daily transactions, the company obtained valuable consumer feedback. This
triggers innovation of products and services, meets the changing market needs and creates more
efficient and quality products.
 3. Increased Community Welfare

By involving more people in the economic process, daily business transactions increase the
purchasing power and welfare of the community. It is opening access to education, health care,
and investment possibilities.

4. The Importance of Effective Business Dealing

1. Building Trust and Rapport

Effective business dealing allows you to establish trust and rapport with stakeholders,
fostering long-term partnerships and collaborations.

2. Gaining Competitive Advantage

By showcasing strong negotiation and communication skills, you can gain a competitive
edge in the marketplace.

3. Ensuring Smooth Operations

When business dealings go smoothly, tasks are completed efficiently and projects progress
without unnecessary delays or misunderstandings.

5. Characteristics of Successful Business Dealings

1. Active Listening

Active listening involves paying full attention to others, seeking clarification, and
understanding their needs and concerns.

2. Effective Communication

Clear and concise communication is vital, ensuring that messages are conveyed accurately
and understood by all parties involved.

3. Win-Win Mindset

Successful business dealings focus on finding mutually beneficial solutions, rather than one-
sided outcomes.

6. The activities that are involved in everyday business dealings

Here are some of the activities that are involved in everyday business dealings:

1. Recording transactions

Entrepreneurs must record their day-to-day sales, purchases, and other transactions to keep
track of their business's financial health.
 2. Separating personal and business transactions

It is essential to keep personal transactions separate from business transactions in

accounting software to avoid complications in record-keeping and tax problems.

3. Staff meetings

Calling an all-staff meeting or interdepartmental meeting once a day will give you the
chance to make sure all employees are on the same page about daily tasks that need to be
completed and responsibilities that need to be met to attain specific business objectives.

4. Team-building activities

Daily team-building activities may include a "time-out" meeting where employees are
required to participate in mingling and announcing each other's recent professional
accomplishments to the room.

5. Maintaining a professional demeanor

It is important to maintain a professional demeanor at work, including dressing

appropriately, keeping side conversations to a minimum, and being detail-oriented.

6. Understanding the legal environment

It is essential to understand the legal environment of business to avoid liability or minimize

risk[6]. The rule of law governs contracts between people and between merchants, between
employer and employee, and between different business partners.

7. Strategies for Improving Business Dealing Skills

1. Continuous Learning

Stay updated on industry trends, negotiation techniques, and effective communication

strategies through books, courses, and workshops.

2. Empathy and Emotional Intelligence

Develop your ability to understand and connect with others by practicing empathy and
honing your emotional intelligence.

3. Strengthening Negotiation Skills

Invest time in improving your negotiation skills, such as identifying win-win solutions and
mastering the art of compromise
 CHAPTER 3

CLOSING

Conclusion
Everyday business dealings/transactions are the main drivers of stable and sustainable
economic growth. Under the implementation of the importance of creating employment,
increasing revenues, and encouraging innovation, government and companies can work together
to create a business environment that supports sustainable economic growth. In the face of
challenges such as data security and market diversification, the collaboration between the public
and private sector will be the key to achieving success in everyday business transactions.
 REFRENCE
https://www.wolterskluwer.com/en/expert-insights/daily-recording-of business-transactions

https://smallbusiness.chron.com/daily-activities-successful-business-31283.html

Study.com https://study.com/learn/lesson/day-to-day-business-operations-overview-functions-
examples.html

https://study.com/academy/lesson/day-to-day-operations-of-a-business-definition-lesson-
quiz.html

https://www.ccu.edu/blogs/cags/2018/09/10-tips-for-everyday-business-etiquette/

https://www.linkedin.com/pulse/what-happen-our-everyday-business-life-rule-law-genet-hailu-

https://www.wallstreetmojo.com/business-transaction/