Motivation Behind Starting a Business (VCE SSCE Business Management): Flashcards

Control over decisions, flexible hours, autonomy

Business distributing profit to benefit community, not shareholders

Unfulfilled consumer need creating business opportunity

New or improved products or methods of doing things

Redirect to social causes, community programs, charities

Identifying a gap where consumer demand is unmet

Misalignment leads to stress, burnout or business failure

Social enterprises are businesses, not charities or non-profits

Many new businesses take time to become profitable

Offer training/support for groups facing barriers to employment