Friday 23 September 2011

Reasons why people set up businesses and their problems

-Money
-Self employment
-Boredom
-Higher salary
-Own hours
-Sense of ownership & Independance
-Enjoy feeling of risk
-Money to improve circumstance
-Reddundancy- Investment
-Cashing in on a business idea
-Discovering gap in the market
-Providing assistance to economy
-New business idea
-Give something back to the community

Possible problems or a start up business:
-Lack of investment funding
-Risks high
-No job security
-Long hours
-Lack of enthusiasm
-What type of business decisions
-Hard to establish repuation
-People might not like idea
-Not enough risks
-Marketing costs
-Inflation prices expensive
-Able to provide to demand
-No expierience
-Too much competition

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