Hobbies and War: Establishing a pastime-focused business in an unstable country

To succeed in today’s saturated markets, an entrepreneur needs to either conceive a truly revolutionary idea and be able to market it or assume increased risk such as by investing in more uncertain markets shunned by competition. This Thesis explores the latter option by proposing to open a training school in photography in the Kingdom of Bahrain. The work explores the facets to be considered in undertaking such a venture by assessing the existing industry, local cultural particularities, the practicalities of securing the factors of production, and possible pitfalls. All the while, it gives attention to the minimization of the risk of a sudden change in sociopolitical circumstances that would necessitate a hasty exit from the market. The Thesis aims to make a modest contribution to the area so far unexplored both theoretically and practically, and serve as a blueprint for both investors and academics to embark on further research.