One of the ways to reduce the uncertainty of moving overseas and setting up your own enterprise is to buy into a franchise—an already proven business model. The advantage of a franchise is that it has name recognition, provides you with the necessary “know how,” and much of the groundwork has already been done, which will increase your chances of success.
The Peace Corps advertises itself as the "toughest job you'll ever love." It's true—I loved that experience enough to extend my two-year commitment for a third...but I never imagined just where that experience would lead me when I got off the plane in Quito, way back in August 1982. Fast forward 13 years and you would find me opening my own bagel business.
Starting a business in Ecuador is a different reality than the US or Canada. While there are significant opportunities or niches that can be exploited, there are additional challenges to be faced.
Starting a business in Ecuador is a different reality than the US or Canada. While there are significant opportunities or niches that can be exploited, there are additional challenges to be faced.