Meaning of the word "set up a business" in English

What does "set up a business" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

set up a business

US /sɛt ʌp ə ˈbɪznəs/
UK /sɛt ʌp ə ˈbɪznɪs/
"set up a business" picture

Phrase

to start a new company or organization

Example:
She decided to set up a business selling handmade jewelry.
It takes a lot of courage to set up a business in a foreign country.