Chapter 2.1 The motivation behind starting a small business

Question 1

What is one reason a person might want to start a small business?

Answer 1

One reason a person might want to start their own small business is the desire to have independence. They believe they can earn more working for themselves rather then someone else.

Question 2

What are some personal qualities needed by a person to start up a small business?

Answer 2

Some characteristics that potential business owners should have are good organisational skills, be self motivated and be able to cope with stress.