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Business strategy
Reasons people establish businesses.
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[QUOTE="Activator230822, post: 288148, member: 88192"] For me the reasons for the establishment of businesses are many. Some of them could; [I][B]It provides employment/job opportunities [/B][/I] 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. [I][B]It avail Goods and services to the people [/B][/I] 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. [I][B]solving the problems of consumers[/B][/I] 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. [I][B] [/B] [/I] [/QUOTE]
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