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Imagine you are nearing graduation. Your university has a dedicated "Center of Entrepreneurship Development" aimed at fostering budding entrepreneurs among the student body. This Center organizes various entrepreneurship development programs and workshops, and you've actively participated in these initiatives. Upon successfully completing one of these programs, you've been provided with 500 TK to kick-start your own venture. Now, envision that you have a mere three hours to decide and initiate a business using this financial support (500 TK). a. Outline the strategies and types of businesses you can start with this budget within this short timeframe.

User Girardengo
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In the given scenario, I have 500 TK to start a business within a short timeframe of 3 hours. Here are some strategies and business ideas that can be considered:

Online Services: Starting an online service business such as freelance writing, graphic design, or web development can be a good option. The initial investment would be minimal, as it mainly involves setting up a website or using an existing freelance platform, and the business can be launched quickly.
Social Media Management: With a small budget, one could offer social media management services to local businesses, helping them to create and manage their online presence. This could involve creating and scheduling posts, responding to comments, and analyzing performance.
E-commerce: Starting an e-commerce business is also a viable option. This could involve setting up a dropshipping store or selling digital products such as e-books or online courses. The initial investment would be used for website development and marketing.
Event Planning: With a small budget, one could start an event planning business, offering services for small events such as birthday parties or baby showers. This would involve marketing the business, networking with vendors, and creating a portfolio of past events.
Personal Services: One could also start a personal services business, such as pet-sitting, babysitting, or house cleaning. The initial investment would be used for marketing and any necessary supplies.

In conclusion, there are several business ideas that can be started with a small budget of 500 TK and within a short timeframe of 3 hours. The key is to identify a business opportunity, create a plan, and take action quickly.
User NewSites
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