As a Business Specialist / Strategist who is highly skilled in External Auditing of a business environment, you have been approached by a group of four (4) young entrepreneurs who are getting a K70 Million loan in 2 months’ time from a Bank. You have been asked to analyze the business environment of Malawi in terms of Government Legal or Regulatory measures and the social and economic status of the people.
Content and Structure
Your response should show evidence that you have the understanding on how the Government Legal or Regulatory systems can negatively or positively affect a business in Malawi, i. e, Issues of Registration, Tax and Business opportunities. You should also narrate how the social and economic status of the people plays a role in what business these young entrepreneurs must start.
As you answer the question, please clarify the following aspects:
Narrate how partnership maximizes chances of a business survival in its introductory stage.
If tax rates are high, how will these entrepreneurs be affected in paying back their loan?
How important is it to know the social economic status of the country before launching the business?
How important is it for the government to provide an equal platform for business competition?