What business ideas would you suggest for a small town in a developing country?
By Brad Sugars •
Opinions expressed by Entrepreneur contributors are their own.
The town is in Cambodia and is very popular with tourists. It is very hot most of the year, and there is a rainy season. The town is developing rapidly, and I'm looking for a good business to take maximum advantage now.Wow, there are so many you can begin.
The best bet is to look at three things to make the decision:
1. What are your skills, the things you are good at?
2. What do you enjoy; what are you passionate about?
3. What is the market demanding right now ?
My preference is usually for a service business, as the startup costs are lower and the margins higher. As you mention, tourism is a great entry-style business. So, too, are computer consulting, real estate and so on.
Hope this helps. Brad Sugars
