I am thinking about starting a business in a Third World Country? Any ideas of a good start-up business?

Answer 1

Third world countries have a large population who are below poverty line. So you should look for business opportunities that cater to that segment. One industry that is rising today is microfinance -- it loans to the poor a very small amount of money without the need for collateral, and there are easy payment terms. The inventor of microfinance has recently won a Nobel Peace price because of this idea.

One other option is to set up an office or factory in a third world country to hire its workers (they have lower labor rates in countries such as these) but you cater to customers in a first world country. Your production center will be in the third world country then you export your products to first world countries. This way, you sell at a higher price to first-world customers while lowering labor costs since you hire workers from third world countries.

Answer 2

Small businesses and third world countries are not capable of updating their technology as often as their larger, wealthier counterparts. Unable to compete with multinational firms and wealthy nations, small businesses and third world countries and forced to do business locally, never growing and reaching their full potential.
Since many issues deal with hunger and poverty in third world countries, maybe there is a business that you could start that would address these issues?
Take care.

Answer 3

Food, or Running water, but keep in mind all the hassles that come with that. It is 3rd world because they have corrupt governments, so you will most likely loose your business, make very little money, and probably pay a lot to keep yourself safe. Sometimes its better just to donate the money and get a tax free write off.

Answer 4

this question is in simple terms going to get opinion. there is truly no telling till each and all of the armies of the international went up against one yet another. Which all of us do no longer want. Even then the rustic that gained would have had multiple success alongside the way. Or greater advantageous yet did have multiple success by way of fact success is a large component in winning wars. that's success and circumstantial. I advise examine out what ensue to Russia while they attempted to defeat the midsection east. each and all of the midsection east mandatory became those stinger missiles and that they took out the Russians. Now if the midsection east would have invaded Russia they might have have been given killed.

Answer 5

Why not start one at home first? If you haven't started a business before, doing so in a foreign country will only complicate matters and increase the chances of failure.

Answer 6

Choose a third world country with lots of tourists from your hometown. Serve them with stuff you guys are used to. Stuff that you wont find in that country. Honestly, it wont be easy if your target market is a bunch of locals.

Answer 7

There is a terrific San Francisco based entity called
APPROTECH with a range of manual machine tools that you
should check out.
They have field offices in some developing countries.
Go to www.approtech.org
and/or www.kickstart.org

Answer 8

It better be food or something. 3rd world citizens don't have a lot of cash to spend on luxuries or anything...

Answer 9

an international pizza factory. because who doesn't love pizza?

Answer 10

sanitation