Read Chapter 1 : Reading Assignment : as described in the Introduction area of this Learning Guide: http://www.doingbusiness.org/
Prior to choosing a specific country, ensure that you made a serious comparison with at least one other country. Do not choose automatically. You will be asked to indicate your findings later on.
Answer the following questions: What factors each entrepreneur needs to take into account to ensure business success? State the two countries ( Grenada West Indies is one of the countries) you considered and state the reasons for your choice. Be factual and try to attract other investors (your peers) by appealing to their business knowledge (and not only sentimental reasons).
A minimum of 150 words including a minimum of one paragraph trying to entice others to invest where you are investing are required.
Your essay topic is: Are you interested in opening a business in Grenada West indies? Dear Entrepreneur, here is the information that you absolutely need to know prior to investing.
Please note that your essay will be used by others as part of their entrepreneurial decision making process. Provide information accordingly.
In the body of your essay, please comment on the easiness of:
- Starting a Business
- Dealing with Construction Permits
- Getting Electricity
- Registering Property
- Getting Credit
- Protecting Investors
- Paying Taxes
- Trading Across Borders
- Enforcing Contracts
- Resolving Insolvency
If some of these elements seem not to apply to your product or service at this point, please disregard this opinion and pretend that they do. The purpose is to provide an accurate picture of what to expect when one is about to invest in the country that you chose. Concentrate on how the information is relevant, and compare it to at least one other country. When encountering data indicating problems, provide at least one suggestion on what to do to overcome this particular problem. What to do means what would you do based on the information and knowledge you have, it also indicates your advice given to other entrepreneurs. Do additional research, if necessary.
You may involve others who will be investing in the same country-up to five students can work on the same project as long as each person’s contribution is explained in writing. Your group will need to write at least 500 word essay on why and how to invest in the chosen country. If you were unable to attract even one investor, you will need to add a minimum of 200 words explanation on possible reasons as well as indicate what you could do in the future to be able to become a more convincing entrepreneur. Good luck!Length: a minimum of 500 words. Add 200 words to the total of 700 if you were unable to attract even one peer-investor
What have you learned about the entrepreneurial conditions in the chosen country in this unit? How did you learn it? What went well and what would you want to improve in the future? How did you give and receive feedback? What did you learn about yourself in the process? How did you divide work in your group?