The main objective of setting up a private business organization is to

The main objective of setting up a private business organization is to maximize profits. This means that the business is primarily concerned with generating as much revenue as possible while minimizing costs in order to earn the highest possible profit margin. Profit maximization allows the business to grow and expand, create more job opportunities, and reinvest in new technologies and infrastructure. While a private business may also pursue other objectives such as social responsibility or promoting exports, the ultimate goal is to generate profits and ensure the long-term sustainability of the organization.