Business in/with Latin America
Aug 21st, 2008 by Kevin
I came across a really good article this week in the Financial Post about Markus Raty, a former investment bank researcher from Toronto who started up a cigar import business from Nicaragua. A great read for anyone interested in, or already doing business in Latin America. Being in that category, of course I enjoyed the read. I particularly liked his words of advice for other entrepreneurs looking to do business in Latin America…
- Learn the culture — both social and corporate — and respect it
- Make every effort to communicate in Spanish whenever possible
- Develop strong relationships with the right people, and things will happen
- Extend your timelines beyond original expectations. - Always have a plan B
I think these are all very true - particularly the last one!
