What Does “Practice” Mean? The word practice has multiple layers: General Definition: The act of doing something repeatedly to gain mastery or improvement. Business Context: A professional’s established way of working, like a law practice, medical practice, or consulting practice. Everyday Use: A routine, habit, or application of knowledge in real life.

📖 What Does “LLC” Mean? An LLC stands for Limited Liability Company. It is a legal business structure that blends the flexibility of a partnership with the protections of a corporation. The defining feature of an LLC is that the owners (called members) are not personally liable for the company’s debts or liabilities. In other words, if the business is sued or goes into debt, the members’ personal assets (like houses, cars, or savings accounts) are usually protected.

What Does “Consumerism” Mean? Consumerism is both: An economic system that encourages the continual purchase of goods and services. A cultural mindset where value and happiness are equated with ownership, consumption, and material accumulation. In business, consumerism drives demand, profits, and growth. In society, unchecked consumerism often fuels waste, environmental harm, and spiritual emptiness.

Coach Ward Kuala Lumpur, Malaysia 3–4 min read Introduction Welcome back to the Business English Word of the Day series, where language...

What Does “Potential” Mean? Potential refers to latent qualities or abilities that may be developed and lead to future success, growth, or achievement. It describes what could be, not necessarily what is. In business: “This idea has huge potential for market disruption.” In personal growth: “She has the potential to become an exceptional leader.” In science: “Potential energy is stored energy waiting to be released.”

Definition: Time management — the practice of planning, organizing, and intentionally controlling how you spend your hours, minutes, and even seconds to increase efficiency, productivity, and goal achievement. Etymology: The word time comes from the Old English tīma, meaning “a limited space of existence, season, or lifetime,” rooted in the Proto-Germanic tīmô.