importance of enterprise on business and community

• creates employment - without enterprise jobs would not be created
• wealth creation - profits and wages earned in the new enterprise help boost local economies - can also lead to the creation of more businesses - people in the local community can achieve a higher standard of living as a result
• Government income - government can benefit from the creation of new enterprises through tax intakes - can be used to fund grants for new businesses - social welfare payments will also be reduced for the government
• infrastructure - roads and communication networks are improved to facilitate new businesses - new houses can be built to house the new workers
• enterprise culture - in the local community it will encourage potential entrepreneurs