Buying Solar Powered Lanterns On The Beautiful Tropical Island Nation Of Jamaica

1382 Words Aug 26th, 2015 6 Pages
For the Business Opportunity Analysis Paper, I am trying to sell solar powered lanterns on the beautiful tropical island nation of Jamaica. It is located South of Cuba and West of Haiti in the Caribbean islands. Jamaica may have some economic, cultural, and political issues that can hurt business, but I have quite a few strategies and tricks up my sleeve to overcome those problems that will make my business prosper. In fact, I think the reason why Jamaica would be a great place to sell the product in is because of its problems. Where ever they see loss, I see gain opportunities. And I do not mean taking advantage of the people. I personally believe that there is nothing wrong with my business plans. In fact these plans will benefit the people. I will explain in better detail through the essay.
According to http://www.worldbank.org/en/country/jamaica/overview “Jamaica 's most pressing challenge is the country 's debt, which, has in turn severely hampered the country 's economic growth. The debt to GDP ratio, among the highest in the developing world, is gradually beginning to decline as a result of debt restructuring and fiscal contraction.” The fact that it is a poor country will pose an economic problem, but my first strategy is that I will turn Jamaica’s high unemployment problem into my gain. According to http://www.expatexchange.com/ctryguide/4111/60/Jamaica/Expat-Jamaica-10-Tips-for-Living-in-Jamaica “Working here is very difficult unless you have some special skill…

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