Editor’s note: This article was first published in July 2010, with a later 2013-2014 update link. Its description of Ecuador’s economic situation and emigration, and the remark that Spain will get back on its feet, reflect that period.
I recently read an article about the situation in Ecuador. On top of that, I had a conversation with an Ecuadorian businessman who told me how demoralized people in Ecuador feel when it comes to starting a business, and how they feel they need to emigrate to find work.
Clearly there are no jobs because there are not many companies to offer them, but how do you create a company if local people, given their financial situation, would not be potential customers? It is the classic vicious circle.
He told me that the idea of a business in Ecuador is very far from what is understood by business in other countries. Perhaps that is where the problem lies.
See also (2013–2014 update): Businesses that work during a crisis
I have never been to Ecuador and I do not know its situation first-hand. But just as Spain will get back on its feet (sooner rather than later, let us hope) thanks to ideas and advice from other countries that are currently more advanced economically, it is a matter of an entrepreneur in Ecuador gathering innovative business ideas from other countries and then putting them into practice in their own.
First, here is a summary of the businesses that will be part of the future worldwide. They may seem too futuristic to you, but that is the reality of what lies ahead. To get an idea of the most in-demand businesses and jobs of the near future, see:
I think there is also potential in Ecuador to develop businesses in tourism, leisure and body care, like the ones we present in these business ideas:
We also suggest 10 ideas that are not so much business ideas as business prototypes for making money. I hope you find them useful.
And as you probably know, before starting a business you need to get to know the business world, and think like and understand the mindset of an entrepreneur. That is why I am leaving you the following articles, which are less a set of tips than a guide to learning how to be a businessperson.
- How to be a successful entrepreneur (part 1)
- A leader’s mistakes
- Differences between Hispanic and American entrepreneurs (recommended)
- How to start a business with no money
Featured image: SaraYeomans, CC BY 2.0, via Flickr.
