1.1.2 Personal Motivation Flashcards
1
Q
Personal independence
A
- The capacity to be in control of your own decisions
- That affect your everyday actions/activities
2
Q
Financial independence
A
- The ability to fund a desired lifestyle
- Without having to be employed or be dependent on others
3
Q
Motivation for starting a business
A
- Personal independence
- Financial independence
- To fulfil a market need
- To fulfil a social need
4
Q
Market need
A
- Goods/services
- Customers require
- That are not readily available
5
Q
Social need
A
- The production and/or selling of goods + services
- For the purpose of making the world/community a better place
6
Q
Social enterprise
A
Business that aims to make a profit + improve the community/enviro
