Final answer:
Motivations for establishing new businesses or expanding existing ones include financial independence, pursuit of passion, and desire for growth and success.
Step-by-step explanation:
There are various factors that motivate people to establish new businesses or expand existing ones. One key motivator is the desire for financial independence and the opportunity to earn profits. Many individuals start businesses because they want to be their own bosses and have control over their own income.
Another motivation is the pursuit of passion or a particular interest. People may start businesses in industries or fields they are passionate about, allowing them to enjoy their work and find fulfillment.
Furthermore, the desire for growth and success can be a strong motivator. By expanding their businesses, individuals can increase their market share, reach new customers, and potentially generate more revenue.
Learn more about Motivations for establishing new businesses or expanding existing ones