ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The most likely reason an individual might turn a woodworking hobby into a business is because of
A
higher taxes
B
personal satisfaction
C
guaranteed financial security
D
sales quotas
Explanation: 

Detailed explanation-1: -Freedom and passion, not money, is the main motivation. Nearly two-thirds of respondents said they had started their own business for one of those two reasons. On the other hand, money is not as much of a factor for many small business owners: Just 8% of respondents said that was their main motivation.

Detailed explanation-2: -Each day at the office will be motivating. You’ll be following your passions. You can pursue social justice or support non-profits. You can achieve financial independence. You can control your lifestyle and your schedule. You can start from scratch. You’ll get tax benefits. More items

Detailed explanation-3: -Their creativity doesn’t fit the corporate environment. They want a lifestyle that isn’t nine-to-five. They’re passionate about learning. They have unconventional ideas. They want to take action. They want to change the world. They embrace opportunity. They seek freedom and control.

Detailed explanation-4: -A Business Idea. Knowledge or Expertise. Market or Demand. Start-up Costs. Capital and Finance. Competition. Location. Staff. More items •17-Oct-2018

There is 1 question to complete.