StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Starting A Business - Personal Statement Example

Cite this document
Summary
Bangladesh is my target country where I want to start a business. Rationale for choosing this country to start business is, it's a small country where 65% peoples are living below the poverty line. There income level is so poor in comparison with other developing countries…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
Starting A Business Personal Statement
Read Text Preview

Extract of sample "Starting A Business"

Bangladesh is my target country where I want to start a business. Rationale for choosing this country to start business is, it's a small country where 65% peoples are living below the poverty line. There income level is so poor in comparison with other developing countries. The major source of income is agriculture based. Though the income level is too poor, peoples of this country spend very much within their ability. So this a great market for small investor as mine. Business mostly depends up to the capital.

As my investment amount is small I m looking for business which do not require too much capital but have a strong demand in market with a huge opportunity of profitability. 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 at 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 analysis (given below) and research, some surrogate indicator also worked in my mind to finalize this project that the success determinants and risk factors highly matched with my own capability. I believe I implicate all my literature knowledge here and will be able to learn the scenario of practical field. Reference:The information about business plan available at : http://www.entrepreneur.

com/startingabusiness/businessplans/article38308.html.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Starting A Business Personal Statement Example | Topics and Well Written Essays - 500 words”, n.d.)
Starting A Business Personal Statement Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1532902-starting-a-business-personal-statement
(Starting A Business Personal Statement Example | Topics and Well Written Essays - 500 Words)
Starting A Business Personal Statement Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1532902-starting-a-business-personal-statement.
“Starting A Business Personal Statement Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1532902-starting-a-business-personal-statement.
  • Cited: 0 times

CHECK THESE SAMPLES OF Starting A Business Personal Statement

The Live Consultancy

In the past few weeks, he had seen himself growing from a business student to a business analyst.... The author's primary contribution to the project "The Live Consultancy" involved analyzing the financial activities and the recent performance of the cooperative group....
6 Pages (1500 words) Personal Statement

Woman in Business Management

In the paper “Woman in business Management” the author describes an aspiration to master and gain proficiency in business management, administration, finance, and marketing tools.... However, after her first semester, he became determined that he would commence her own business.... I had a strong inclination towards commencing my own Jewellery business but I had no practical know-how of market trends, supply and demand information, supply chain and distribution channels, consumer preferences and tastes, demographics, lifestyles, attitudes, and behaviors towards this industry....
6 Pages (1500 words) Personal Statement

Applied Workplace Practice - Jims Cleaning Franchise

Emphasis will also be placed on the essential insights I have gathered in relation to business management and people empowerment.... Safety, therefore, becomes the core value of Jim's business operations.... As such, this weekly journal shall focus on discussing the key issues that have emerged during the covered period, as well as on assessing the… To maintain focus and succinctness in my discussion, I wish to divide my report in three parts....
9 Pages (2250 words) Personal Statement

My goal statment

Some of the goals realized are selling off my business, acquiring the available job that is in the field and enroll for a master's degree in accounting and finance.... Currently, I plan to sell my business and upgrade so as to rise to new levels.... The main reason as to why it should sell my business is to settle for this job.... Some of the goals realized are selling off my business, acquiring the available job that is in my field and enroll for a master's degree in accounting and finance....
2 Pages (500 words) Personal Statement

Portfolio in Computer Science

The writer of the following writing seeks to reflect on his personal profile as a specialist in computer science.... The statement provides an evaluation of the writer's skills, experience, and education.... Additionally, the paper provides a skill assessment form.... hellip; I come from a diverse cultural background that includes influences from many regions of the world and demands adaptability and an acute awareness of changing circumstances....
16 Pages (4000 words) Personal Statement

A Plan to Undertake a Masters Degree in Construction Economics at UCL

I would like to acquire this knowledge so that I may assist my family to expand our construction business that has been operational for quite some time.... It is also my belief that my academic background in economics and accounting provides me with an appropriate starting point to succeed in this course, this is because I may not experience extra challenges associated with the workloads of learning economics in construction....
2 Pages (500 words) Personal Statement

Passion for Business

By the time I was The paper "Passion for business" is a wonderful example of a personal statement on business.... At a very tender age, I knew I had a great passion for business.... The business has always been in my blood.... That is why after I studied my bachelor's degree at Baku Gafgaz University, I knew right away that I wanted to join to business school.... I decided to come to London to study a course that would give me a foundation in business....
3 Pages (750 words) Personal Statement

School Lunch Reform

This debate is close to the hearts of the majority not only to the American people but to the entire world population.... My colleague and I are in opposition to the motion, 'schools should enforce reforms to offer only healthy foods at their cafeteria'.... hellip; So, as the opposition team, we say 'schools should not enforce reforms to offer only healthy foods at their cafeteria'....
13 Pages (3250 words) Personal Statement
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us