Why do People Work? Why be in Business?

In my investigation I will investigate reasons why people work and why people would be in business. I will investigate advantages and disadvantages looking at limited companies to being self employed and working within the public and private sector’s. My Investigation will be mainly constructed around my parents. My dad was a self employed builder for about fifteen years and has in the last few years become a limited company. My mum is a personal services assistant for the NHS and has been for around eight years. I am going to look at the good and bad points about working in both the public sector i.e. NHS and private sector i.e. Builder. I shall look into factors which may affect why my parents have chosen these career paths and how they benefit from it. I will look at Maslow’s theory and decide at which level upon it I consider them to be at in motivational terms. Also I will investigate a range of other factors including how it was beneficiary for my dad to become a limited company.

For my investigation I will be using the internet, books and interviews to gain information.

What is a business?

Appendices page 7.

What does a business do?

In this I am going to discuss how my dad as a builder makes money in his business. The majority of people that are in business are in it for profit making purposes.

My dad in most cases would be responsible for providing the materials as well as the labour to complete a job. He employs workers and pays them on an hourly rate and charges them out at a much higher rate to his customers so each individual that works for him he makes money upon.

What is a limited company?

Appendices page 7.

Why become a limited company? (Page 3 of the appendices)

The principal benefit of trading as a limited company has always been the limited liability bestowed upon the company's officers and shareholders. As a sole trader or other non limited business, personal assets such as your house or car are at risk in the