Starting A Business Personal Statement Example | Topics and Well Written Essays - 500 words

Starting A Business - Personal Statement Example I got candle (manufacturing) business is most appropriate for me. For idea generation I used the approach is market driven and the method used is "Growth Products" by which I tried to clearly perceive and think of growing products, which have experienced a regular and remarkable growth in demand. As I found that electricity problem is a greater problem here and during nighttime a few areas covered by electricity so people have to use oil lamp as alternative but the price of oil is out of their capability of purchase so, candle will be the best alternative for them and yet there is no candle manufacturer company. As the market is huge and no threat of competitor except some substitutes so the market has no entry or exit barrier and the profitability is high enough (shown in table below). As this business require a very little investment of BDT 10,00,000 ($20,000) the risk is very low and no intervention should comes from government as Govt. always encourage investing in this country a t any sector. The project is about 20 years. And Govt. of Bangladesh had a contact with China to work on Development in Electricity sector after 30 years as a project of water plant is already running. So till the completion of my target deadline my project is secure enough. Along with assumption, SWOT analysi