An article in Prensalibre.com points out the advantages, especially in relation to costs, of growing a business within the country, and the specific potential of the interior of Guatemala for expanding business operations.
"Although our country is really very small in terms of geographical distance, the rates businesses with national coverage are low and opportunities are available for many businesses and entrepreneurs."
"Growing into Guatemala represents a potential market where businesses can capitalize on their experience and ability to expand and generate local employment and it is something that should not be viewed lightly as it concerns the development of our country."
"We can not ignore the fact that the same opportunity also applies in reverse, as there are great businesses which only operate locally in the departments and have not reached the capital city."
More on this topic
The list of reasons for this serious absence begins with the culture of salaried employees, which is instilled at home and in educational institutions.
In Latin America, the general idea is that the success of a young person is his/her school grades, then how soon he/she graduates from the university and, ultimately, how fast he/she gets a good job.
The purpose of the "Support for Dynamic Entrepreneurship" project is to promote companies with the potential for growth and internationalization.
Laestrella.com.pa reports on its website: "Acelerador de Empresas, which is a part of the "City of Knowledge" Foundation, signed an agreement for the "Support for Dynamic Entrepreneurship" project with the IDB, via the Multilateral Investment Fund.
To be successful you need a good idea to accompany an indispensable ability and entrepreneurial drive.
A report entitled "Entrepreneurship in Latin America: A Lot of Companies and Little Innovation," prepared by the World Bank (WB), reports that in the region one in three workers are self-employed or a small employer. However, most of them rarely hire workers and remain small, even after decades of operation.
In a market dominated primarily by foreign brands, there is an increasing trend for Panamanian companies to migrate to this business model.
José Luis Ford, president of the Chamber of Commerce and Industry of Panama (CCIAP) noted that "...The openings developed in the last five years, are added to the 50 previously established making a total of 200 franchises in different markets across the country, recording an investment of $100 million. "