Answered Essay: ? Why do people participate in business (engage in commerce, transactions, exchange)? What

? Why do people participate in business (engage in commerce, transactions, exchange)? What are the five most pressing issues facing the world of Businesses in America; and what can be done to prevent, resolve, or lessen the impact of these issues?

Expert Answer

Answer- The simple reason why people participate in business is to earn some extra income either part time of full time. There are many entrepreneurs in America who wanted to start their own business to make money. They are the firm believers to earn good amount of money if they have their own business rather than working in a company & getting some fixed salary. Americans wanted to start their own business as they some innovative idea & creative mind by which they can move forward. People engage in business to make a difference in the era of world.

5 pressing issues are –

  1. There is no inline approach for entrepreneurs to go in one direction & then think wisely to be the profitable organization
  2. Entrepreneurs believe that they are able to make money rather than working for someone else
  3. Respect is the factor which comes in the mind & then proceed in the direction
  4. The need for wider range of knowledge is required to grow
  5. The skilled staff to be deputed

To prevent these issues, we need to have plan in place & then moving forward as per the plans. We have to have got some good talent on board & then channelizing the things accordingly. Objectives must be clear so that targets can be achieved on time.

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