Open for Business
Imagine you have a pet turtle. It is lonely. Where could it play with other turtles? There are no turtle parks. But what if you created one? You could charge a small fee. People could bring their turtles.
Many new businesses start just like this. Someone gets an idea for a product or service. It meets a want or need. Most also hope to make a profit. This means they make more money than they spend running it. Here are some examples of businesses. They serve a specific need or want.
Need a Lift?
Some businesses do work for charity. They donate things to people in need. They do not make a profit. A bike shop fixes used bikes. It makes them safe. It gives them to people who need transportation. Bikes can be expensive. Many people cannot afford them. This business helps those people get a bike.
Fun for All
One day, a father noticed that his daughter’s special needs stopped her from enjoying outdoor activities. He wanted a fun place for her to play. He helped design a special amusement park. At this amusement park, everyone can enjoy the rides. They have special seats that fit wheelchairs.
Trash to Treasure
Resale shops are another type of business that helps people. Resale shops sell everything from clothes to useful household items such as furniture. People donate or sell used items to the shop. The items are then sold to customers at a discounted price.
Homework Help
Some businesses help students learn. Tutoring centers help students with schoolwork. At these centers, tutors or teachers work with students individually or in small groups. The extra practice helps improve their understanding.
A lot of planning must happen before starting any business. Owners must decide what type of business to open. Then lots of decisions need to be made. The owner has to find a location, set competitive prices, hire employees, and advertise. Starting a business can be very rewarding. What type of business would you like to start?
Read the paragraph from the article.
Many new businesses start just like this. Someone gets an idea for a product or service. It meets a want or need. Most also hope to make a profit. This means they make more money than they spend running it. Here are some examples of businesses. They serve a specific need or want.
What is the paragraph mostly about?
A.
Making a profit is important.
B.
Businesses have many products.
C.
It is difficult to start a new business.
D.
Businesses can serve wants and needs.