The Kuwaiti government is constantly focusing on diversifying its economy and making it less dependent on the dominant oil sector. The only feasible alternative will come if the government focuses on the growth of the service sector. The service industry is a totally different sector and there are many direct or dependent services which can add value to the society as well as generate serious revenue for the industry. The twenty five business ideas identified in this case are all low capital ventures with investments required between one thousand dollars to one thousand five hundred dollars.
Business Idea
• Senior Care services
Additional Requirement
This question is a part of Corporate Strategy and it is about the prospects of starting a new business in a country like Kuwait. In the recent past, Kuwait is looking for diversification in its economy as about 90% of exports are oil based. Kuwait government wants to diversify the whole economy and hence is inviting private companies to establish businesses on its shores. One such business idea is senior care services. The prospects of this business including a projected profit and loss account and balance sheet are also given in the solution.
Word limit 1980