Never-ending Business Opportunities in Ecuador
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Ecuador
has many great business opportunities for those
of you who don’t feel like full retirement.
The thing is you cannot
expect them to just jump out at you. If
you are aware of what is happening around
you in Ecuador, you may find an opening for a business venture. Our
only word of caution is that you seek out a good
bi-lingual
lawyer and don’t think
that you can go it alone.
You
may have great ideas, but unless you have
one or more local Ecuadorians as your partners, and a good bi-lingual
lawyer,
you may run into quite a bit of trouble. When
you decide that Ecuador is the place for you and
that you do want to start a new business venture here, please be
respectful of
the people and its cultures.
Remember we
are but invited guests into this wonderful country. There
are many opportunities for import/export, coffee,
roses, artisans products, beautiful paintings to mention just a few. Back
in 2008 we did start a small import
business which we sold onto a fellow Australian importer of South
American
products.
It is a lot of hard work and
making sure that the people you are dealing with are very trustworthy. The
best way to do this is to spend time here
on the ground and do your homework. If
you are not fluent in the Spanish
language you will
find it difficult.
Rules and
regulations, contracts etc are quite different here and can become
quite time
consuming.
Something that may take us a
day to establish may take quite some time here.
Just be aware and patient. Yes
very very patient. This
country has a wonderful amount of different business
opportunities and definitely can be a win win situation for you and the
people
of Ecuador. Below
is a very enterprising “One man band” that we came
across in the Otavalo markets, probably not what you are thinking about
but hey
this guy is worth a watching.
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