1A Personal Motivation for Starting A Business Flashcards
1
Q
What are Personal Motivations for strating a business?
A
- Finacal independence
- Personal independance
- Social needs
- Market needs
- make a profit
2
Q
Finacial Independence
A
The abailty to fund a desierd lifestyle without relying on income from another individual
3
Q
Personal independence
A
Being in control of your own decisions and actions
4
Q
social Needs
A
Social enterprise is a business that aims to make a profit and improve the community or enviroment.
5
Q
Market Need
A
Fulfilling a market need can be a personal motivation for starting a business if an individual identifies that there is a demand for a product in a market that is currently unmet or underserved.
6
Q
Make a profit
A
The remaining amount of revenue left over afater expenses have been deducted
