People trying to, are willing to run their own business or company depending upon their own perspective and their condition, uh, the family situation. For example, some might uh, have their own family background as a business, business person and they want to continue their um, this entire business and they hand over to, to them and they want to continue their father or mother’s business throughout their entire life. And the next thing might be they have learned the subject related to the business. For example, if they have learned bbs, BBA or even the MBA courses and where they have learned lots of skills and knowledge about business in implementing into the market, then they might, they might thinking of it and to run their own businesses to apply their knowledge from this field. The other might be they have been working, uh, or they have some work experience in some field or in some corporate organization or something else. And now they feel confident enough that they have now created um, some strategies and policies. They have learned a lot from this and now they can run their own business and this way they can start their own business. So basically those people um, start like to run their businesses and because they think they will have some flexibility as compared to the ten to five office hours.
Band 6+: Why do some people like to run their own business ?
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The decision to run one's own business is often driven by a combination of personal factors, including family background, education, and work experience. Some individuals may inherit a family business and feel a strong desire to continue its legacy, carrying on the traditions and values established by their parents or grandparents. Others may have pursued formal education in business, earning degrees like a BBA or MBA, which equip them with the knowledge and skills necessary to navigate the complexities of entrepreneurship. These individuals may be eager to apply their theoretical understanding to real-world scenarios and build their own ventures. Furthermore, many individuals gain valuable experience working in corporate settings, where they develop strategies, learn from seasoned professionals, and gain a deep understanding of various business functions. This experience can instill confidence and provide the foundation for launching their own businesses. Ultimately, the desire to run one's own business often stems from a yearning for greater flexibility and control over one's work life. Unlike the traditional nine-to-five schedule, entrepreneurs have the autonomy to set their own hours, make decisions independently, and pursue their passions with greater freedom. This sense of independence and the potential for significant rewards are powerful motivators for many aspiring entrepreneurs.
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Speaking Time: 81 seconds