Understanding why businesses exist is really important for anyone wanting to start their own company. Here are some main points to consider:

1. What is Business Purpose?
   Simply put, a business is here to create value. This means they make products or offer services that help meet what people need or want.

2. Impact on the Economy:

   • In rich countries, businesses make up about 70% of the economy.
   • In the U.S., small businesses are huge! They make up 99.9% of all businesses and create about 1.5 million jobs every year.

3. Why Do Entrepreneurs Start Businesses?

   • 52% of people who start their own businesses say they are driven by their love for their product.
   • 34% want to make a positive change in their communities.

4. Thinking Ahead:

   • Knowing the purpose of a business helps entrepreneurs build companies that can last.
   • Many young people today (66% of millennials) really care about brands that act responsibly and give back to society.

By understanding these points, entrepreneurs can come up with new ideas and make smart choices for their businesses.