Guatemalan Entrepreneurs

The majorities of entrepreneurs in Guatemala generate few jobs; they start a business out of necessity and use old technology.

Wednesday, November 10, 2010

The Global Entrepreneurship Monitor project, dedicated to measuring entrepreneurial activities in the world, described the main features of Guatemalans who start their own businesses.

59% started their business out of necessity, seeking to increase their revenue, about half engage in activities which require a capital of less than $ 1,300 and 59% have no employees.

The vast majority (77%) use old technologies, for over 5 years, and 46% have not completed the basic levels of formal education, as reported in an article at

More on this topic

"Forget Failure as Something Unacceptable"

August 2013

Traditional education punishes errors with bad grades, when in fact the essence of entrepreneurship and innovation is all about trial and error.

Andres Leon, manager of entrepreneurship at the business accelerator in Ciudad del Saber, knows that the first step is to break through the paradigms. And he is the right age to do it: 23.

Companies Need "Intrapreneurs"

October 2011

Employers are placing more and more value on employees ability to get involved and to take the initiative to do things independently, using innovative ideas.

Being an entrepreneur does not necessarily mean being the founder of a new businesses, but can also mean having an innovative attitude to finding solutions to problems and the habit of transforming challenges into opportunities.

Entrepreneurs in Costa Rica

August 2011

The Global Entrepreneurship Monitor (GEM) has issued a report analyzing the propensity of the Costa Rican population to participate in entrepreneurial activities.

The full title of the report is "The State of Entrepreneurship in Costa Rica - A local perspective on entrepreneurship, challenges and growth in Costa Rica"

Secrets to Success in the Business World

September 2010

Very important reading. Five tips from Richard Branson, the successful founder of Virgin Airlines, about how to succeed in the business world.

Born in 1950, Branson, started his first company ( a magazine named "Student") when he was 16 years old. At his 20's he started a mail delivery company activated by audio and when he was 20 he created Virgin Records, a music store chain.

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