Question

In taking a new business into Egypt Define the problem: who is affected? Where are they? What are the costs that an individual suffering from the problem bears?

Answer 1

In taking a new business into Egypt, we can define the various problems which are facing by the entrepreneurs as they are affected by this who wish to start their firm in Egypt. It is because of the following reasons such as uneducated labour, Transportation problem and many other factors which hinders the new startups and investors from starting their own business in Egypt.

The most affected ones due to these policies are small Firms and the younger generation who wish to either open a new business or expand the existing one. It is because there are strict labour laws in Egypt and most of the labour population is uneducated. The people of Egypt is usually a younger generation, and they are showing interest in opening their businesses, but the main problem that they face is the lack of infrastructure.

To start a new business, an individual has to face various problems with transportation, labour, capital. It is because the main problem that Egypt faces is the lack of infrastructure like roads, telecommunications, technology and various others. Due to all this, an individual who wants to start a new business has to undertake increased cost like ensuring the smooth transportation of goods, adopting advance technology in this technology-driven era.