Ephy
Active member
Different businesses are formed for various reasons. Among some of the reasons why people start a business include:-
1. To make profits - this is the main reason of starting a business. This is the reward an entrepreneur gets after good work.
2. To provide essential goods and services such as health care services.
3. To create employment - to the owner and other people.
4. To create market for locally available raw materials.
5. To create a healthy environment by making use of waste materials. For example scrap metal business.
6. To provide and sell new products from new inventions such as wireless telephones or concrete posts used by Kenya power.
7. To be your own boss. Have full control of your business and it's operations and make decisions.
8. To utilise extra time at their disposal and in the process earn extra money.
9. To utilise extra resources that would otherwise be left idle.
1. To make profits - this is the main reason of starting a business. This is the reward an entrepreneur gets after good work.
2. To provide essential goods and services such as health care services.
3. To create employment - to the owner and other people.
4. To create market for locally available raw materials.
5. To create a healthy environment by making use of waste materials. For example scrap metal business.
6. To provide and sell new products from new inventions such as wireless telephones or concrete posts used by Kenya power.
7. To be your own boss. Have full control of your business and it's operations and make decisions.
8. To utilise extra time at their disposal and in the process earn extra money.
9. To utilise extra resources that would otherwise be left idle.