26 May Entrepreneurship in Argentina: South American Opportunities
Entrepreneurship in Argentina & Latin America
Why choose to be an entrepreneur in Argentina?
One of the best things about pursuing a career as an entrepreneur in Argentina is the wide-open possibilities. There are many industries where wealth creation is possible to be it the Internet and IT, personal services, media, engineering or small local business. Entrepreneurship in Argentina
Latin America in general and Argentina, in particular, has become a breeding ground for new businesses mostly led by young people. It is now the second most enterprising region in the world. That being said, it’s important to understand what is and is not realistic. There are plenty of ways to look for inefficiencies in markets. Places where a better idea, a little ingenuity or some aggressive marketing could really make a difference. Think about problems that people would pay to have a solution to. It helps to know finance and, of course, a trusted Argentine lawyer and a good CPA. It’s a must to really know your product area well, especially when you are dealing with Latin American economies that are subject to bureaucracy and many changing factors.
What do consumers want in a country like Argentina?
What differentiates you from the competition there? How do you market this product in a vast country like Argentina? A formal business plan is normally a great help in thinking through the case of a new business. You’ll be investing more in it than anyone else, so treat yourself like a smart investor who needs to be convinced that the math adds up for the business you propose starting.
The possibilities in entrepreneurship are endless if you have the right guidance and get to know the territory you will be moving on. The rewards can be high. And the risks are undoubtedly high too. But it is definitely worth trying, especially in this particular moment where foreign investment in Argentina is becoming a great opportunity.
To sum up, please feel free to contact our Law Firm. Indeed, we will glad to walk you through all the legal and economic possibilities the region has to offer.