Don't look for high profits this year...

When times are tough, surviving in one piece should be the immediate target.

Tuesday, March 10, 2009

The director of the Center for Entrepreneurship at INCAE (Central American Business Administration Institute), Luis Javier Sanz, spoke with El Periódico of Guatemala on key points to address the key economic crisis.

Among others, the academic recommends focusing on maintaining high cash levels, flexibility and not cutting costs that may involve loss of competitiveness in the future.

More on this topic

Greece: A Live Lesson of Mismanagement

July 2015

A comparison between the crisis in the United States in 1929 and the one occurring now in Greece clearly shows that the sooner the costs of an exit from the crisis are assumed, the less time will be spent suffering from the measures taken to overcome it.


Obviously some aspects of the current economic tragedy of Greece are different from those suffered by the United States during Twenties of the last century.

Honduran Entrepreneurs Call for Anti-crisis Action

March 2009

They are calling out for an agreement to be signed with the IMF and for adjustments in the application of the new minimum wage rate and in the anti-crisis plan announced by the government.

The Honduran Council of Private Enterprise (COHEP) requested the government to confront the crisis that is already affecting Honduras, and to stand a the forefront of a joint effort among all the national sectors, stressing the need to reach a stand-by agreement with the International Monetary Fund. This would allow Honduras access to credit lines for countries in a precarious condition.

"It’s not the Strong but Those Who Adapt to Change Who Survive"

March 2009

Seven strategies that, applying Darwinian maxims, Guatemalan businesses are implementing in order to overcome these times of crisis.

An article by Louisa Reynolds in details different strategies that Guatemalan entrepreneurs are carrying out in trying to be more creative in order to take advantage of any new opportunities that may arise.

To raise or lower sails

December 2008

Business tips to get through the crisis and even take advantage of the opportunities that arise in complicated times.

Uruguay is a country with an economy that is similar to some central american nations, boasting businessmen with considerable experience in financial and economic crisis.

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