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National 4

How small businesses operateWhy set up a business?

There are many reasons why an individual sets up in business. For a business to be successful that person will need appropriate skills and qualities along with suitable advice and finance.

Part of BusinessBusiness in action

Why set up a business?

There are many reasons why an individual would choose to set up their own business:

to make a profit
to be their own boss
to provide a service
to fill a gap in the market
to develop a hobby
because they have the required skills
because they were made or don't like their current job

Factors of production

Needs and wants

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