Why People Start Businesses
Answers with respect to Abraham Maslow's Hierarchy of Needs:
- To meet Physiological Needs
- To meet Safety Needs
- To assist or compliment Love Needs
- To build Esteem
- To aid Self-Actualization
Other General Answers:
People primarily build businesses so they can obtain more and more goods and services because they want to keep pace with the latest trend so as to keep ourselves feeling new and young... Most people nowadays have a tendency of getting bored quickly.
Some individuals may want to provide solutions to problems and needs existing in society for its betterment.
Some people we want fullfil the desire to feel powerful and in control. Excessive wealth brings these feelings with it.