Reasons Persons Establish Their Own Businesses

Dwayne

1)     Financial Independence

There are persons who feel constrained financially with the income they get from their job. Establishing a business may give them the chance to be a flourishing business individual and attain financial independence or autonomy. Some individuals set up businesses in order to achieve money so that they will not have to depend on others for money for basic needs.

2)     Being your own boss

 

Persons are capable of making decisions about the path and operation of the business. These persons are able to attain what is important to them. Entrepreneurs want to be their ‘own bosses’, and they establish businesses to give themselves what they want.

 

3)      To use your skills, expertise and knowledge for yourself

The skills, expertise, knowledge and know-how that one may have obtained can be utilized at work for one self. Frequently, businesses are established because of the need to recognize one’s ability or potential with the need to convey originality, because of the need to attain and to be able to see one’s restrictions or weaknesses and to develop.

 

4)      Self-actualization or fulfillment

Being the owner and operator of a flourishing business will give a sense of achievement. Businesses permit self-expression, a chance to do what you take pleasure in.

 

5)     To create jobs for relatives, friends and community members

 

You can help in providing employment for relatives, friends and community members. Some individuals view businesses as a chance to contribute to society

 

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