oboloo Glossary

Business Asset

oboloo Glossary

Business Asset

A business asset is anything that has measurable economic value and can be used to generate revenue, reduce costs, or contribute to the company’s overall productivity. It can be tangible, such as property, equipment, and inventory, or intangible, such as brand recognition, patents, copyright, and customer loyalty. The key thing to keep in mind is that these assets have a finite lifespan; they must be managed and maintained over time in order to realize their full potential. Investing in a business asset is an investment in your future; with proper stewardship, it will pay off handsomely!