GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There is lack of employment opportunities
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There are higher risks than working for someone else
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To enjoy autonomy in decision-making
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To extend personal interests and hobbies
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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: -The primary reasons people become entrepreneurs include all of the following reasons EXCEPT: to create one’s own job security.
Detailed explanation-3: -to make a profit. to be their own boss. to provide a service. to fill a gap in the market.
Detailed explanation-4: -They didn’t know how to get started-39 percent. They were worried about failing-33 percent. They didn’t have access to business tools-29 percent. They weren’t sure how to work with the tools/technology needed to run a business-26 percent.