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Explain four possible reasons why people start up business enterprise

Explain four possible reasons why people start up business enterprise

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Omae
i) To provide interesting job
Some people start up business with the aim of creating job opportunities to themselves or others. For instance, one can start a school to employ himself as a teacher and even employ more teachers.

ii)When ones current job is boring.
An individual can start up a business with an aim of changing his job opportunity that is not satisfying him/her.Example, a teacher can open up a shop and decide to resign from his/her job as a teacher.

iii)To make profit.
Most people start up businesses With an aim of gaining profits and generate income.

iv)To provide an important service.
Some entrepreneurs set up businesses with the aim of providing an important service that is not available or is scarce to consumers.
One can start up a school to provide academic service to students within that area.
Omaerodgers answered the question on October 22, 2017 at 05:57

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