People set themselves up in business for many different reasons. Sometimes they have an idea that will fill a niche in the market or is a vast improvement on current products or services available.
Were not all creative geniuses, though but this doesnt mean we cant succeed in business. Many people set up a company simply to put themselves in control, perhaps because they feel passionate about the work that they do and feel that they will be able to make more of a difference by doing it their own way. This can often make starting up a business much easier theres no unfamiliar territory to explore in terms of the industry and the market. Youre also likely to have a ready-made network of associates and contacts in the field.
Another common reason for starting up a business is to make money from a hobby. Not all pastimes can be easily turned into profit-making businesses, but if you manage to come up with the right idea and the right business model you could end up with a business that gives you a great deal of pleasure and enjoyment.
Then there are the social reasons for starting up a business not everyone does it for the money. Perhaps the company has a...
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