The primary reason people start their own business is to gain the freedom and flexibility to be their own boss, pursue their passions, and control their work schedule; essentially, to have more autonomy and potentially build something meaningful based on their own ideas and vision, rather than working under someone else’s direction.
Key points about why people start businesses:
- Financial independence: The potential to earn significantly more based on their own efforts and not be limited by a salary ceiling.
- Work-life balance: Setting their own hours and managing their work schedule to fit their lifestyle.
- Passion project: Turning a personal interest or hobby into a career.
- Innovation and creativity: The opportunity to develop unique products or services and bring new ideas to the market.
- Making a positive impact: Contributing to the community by solving problems or providing valuable services.
[1] https://www.thriday.com.au/blog-posts/top-3-motivations-for-starting-a-business