1. Why businesses exist

Alright, picture this: You love playing video games, right?

And maybe you’ve thought, “It’d be cool to have a place where my friends and I could play the newest games, eat snacks, and hang out.” That idea right there? That’s the seed of a business.

Businesses start because someone, somewhere, sees something missing in the world – a need or a want. They think, “Hey, I can make that happen!” So, they set up a way to provide a product (like a toy, a video game, or a skateboard) or a service (like a place to play games, a pet walking service, or a website that helps with homework).

The big goal?

And when these businesses do it right, people are willing to pay them for their products or services. This exchange of goods or services for money is like the heartbeat of a business.

But it’s not just about making money.

Businesses also create jobs. Think about the game place. You’d need friends to help run it, right? They could earn money for helping out, which they can then spend on things they like or need.

And, here’s a cool part – businesses can bring people together. Your game place could be where everyone wants to hang out, making it a special part of your neighborhood.

So, why do businesses exist? To fill a need or want, to solve problems, to make life better or more fun, to create jobs, and to bring people together.

Just like creating a new level in a video game, starting a business is about seeing a challenge or an opportunity and saying, “I can beat that. I can make something great here.”