Reasons people establish businesses.

[CALVINDOL]

There are so many reasons why people establish businesses, and one of the possible reasons why people choose to establish business is possible because they're want to earn a living and they want to make ends meet. Establishing a business can definitely be a good idea but in order to do so there are so many factors and so many important points to consider which can totally help you to establish the best and successful business. In establishing a business and individual need to consider the location of the business or the environment in which the business is going to be situated. One rare factor that majority of business owners failed to consider when establishing a business is the targeted market for the product or services in which the business is going to sell or render. The targeted markets of individuals should definitely tell you the kind of product are going to make available.

It is not enough to identify the targeted amount, you should go as far as to study them in order to know what they like or dislike. In other words, you must be able to identify their taste and preference, and that is because identifying their taste and preference, helps you understand and get to identify what they like and dislike. You could possibly do that practically by speaking with other businesses around, or by monitoring them in terms of the cars they drive and of the house they live in. Establishing a fashion business in an area where individuals live in thatch houses is definitely a bad idea and that is because they are standard and way of living isn't enough to purchase trending fashions.

 

[Axis]

For the sake of the environment a business is established to satisfy the needs and wants of individuals making of the environment but for the sake of the business owner him or herself a business is established to make profit and to make ends meet. So many business owners have established businesses in different regions and countries of the world and if you should ask them the reason backing up their establishing of businesses you will get to hear that majority of them will say, the ability of making more profit and to satisfying the needs and the ones of many. It is not all about establishing a business but all about making sure that the business is been established successfully and rightly.

To make sure to establish the right kind of business it is very necessary for an individual to put into proper consideration or necessary factors constituting to a successful business. Initially it may be ok to establish a business in small capital but it can also be very necessary for the business to be established in large amount of capital in order to reach their needs and wants of larger scale of people.

 

[Johnson2468]

Some people establish business to seek freedom. Freedom seekers love having the power to direct their employment situations, which is why they founded their small enterprises. They desire control over their work settings, timetables, and career choices.

This troop seeks simplicity and manageability. They are the least likely of the categories people that have more than one more employee, with over half of them working alone in their company. They list "time to get everything done" as their top issue, which is not surprising.
They have embraced automation to meet the challenge of chasing daylight. Automated software is used by about 60% of businesses, including for bookkeeping and email marketing among other things.

Another reason people establish business is that they want to aquire the quality of life they want. It need not just be about making money when someone starts their own business; it may also be about living the life they want, wherever that may be.

 

[Activator230822]

For me the reasons for the establishment of businesses are many. Some of them could;

It provides employment/job opportunities
Most people start Businesses with the aim of getting a job or an employment opportunity. This is because the day to day operations of the business requires the human labour for it to be done efficiently. Therefore the business owners can get paid by the business through the accrued profits made by the business.

It avail Goods and services to the people
Business people tend to establish businesses to inorder for them to avail Goods and services that are in demand but very hard to find in the market. They often take this advantage to take part in the provision of goods and services so that they can satisfy the needs of the consumers.

solving the problems of consumers
Most businessmen tend to establish businesses with the aim of solving problems of the consumers. Entrepreneurs are problem solvers. Whenever an entrepreneur finds a problem somewhere he comes up with a business related solution to the problems. And that is how businesses are sometimes being established.

 

[moonchild]

For most people the reason why they start a business is to have financial independence and not worry about money, business is the most credible way to make money, jobs mostly have a limited earning threshold, but it is quite different in business, where you get to make any amount depending on your own mindset limitation.

Some people start business to create another source of income, for example, if you have a Job and the salary you are being paid is not enough to take care of yourself, starting a business will help you tremendously to be making money by the side.

Starting a business is not always as easy as people think it is, it has it's own challenges and most people actually fail for a very long time before they became success, so it shouldn't be seen as one size fits all, you have to be willing to sacrifice to win in business.

 

[TOZZIBLINKZ]

Literally so many reasons exist why individuals establishes and own businesses. Individual businesses like so proprietorship are mostly established in some areas of west Africa like countries like Nigeria and Ghana. This is possible because establishing a business is definitely a source of self employment as an individual do not only have to dwell on the government to provide him or her with employment and with a good source of income. Majority of individuals have single-handedly established businesses and grow it into a profitable and prominent one in the sense that there and profitable and reasonable amount of money each day, sometimes the money they earned from their businesses is definitely surpasses what job and career owners in government institutions usually earn.

Another possible reasons people go into business, is so as to use their economic resources wisely. Economic resources exist in the form of social infrastructure and amenities such as good roads, and good water supply. However an individual who lives in an area with good and fresh water supply can establish a business such as fish farming then by monetizing the fresh water supply in his or her region. An individual who lives in an area where good motorable roads are of high proximity, can possibly go into transportation business to make ends meet.

 

[Ithedicious]

The main reason why people are establishing a business is for the main purpose of generating profit . But if profit is the only reasons why people may be establishing a business then such is never enough reason why business should be established

Before profit is being generated in business , so many things are to be put into consideration such as customer satisfaction as is being said , discipline and proper business management and coordination

If all these things are not present in your business establishment then such business would have little chance of succeeding because it will lack proper management which will obviously affect the business negatively , together with indiscipline.

Just like is being stated , you should be able to know what your client demands from you. Provide them with what they need and with that you might be at the better chance of generating profit but when all these things are not provided then your business could be stagnant without moving forward.

 

[Mataracy]

Though some times some people used to say that the reason why they establish a business is not because of anything but rather because of the passion they have in the business. I can only say that it's government that can created a business without expecting to make gain from it but just to make sure that the society leave a good life.
At times government enter in to business open a company just to discourage privatisation.
The reason many People establish because is mainly to make profit.
The target of every business is to make profit from the business after making good planning and decision that sweet the general public in order to make them buy what he or she is selling.