Licensed attorney Ashley Blaylock thought she had her life all mapped out. She was planning a legal career, specializing in corporate and tax law. But prior to taking a summer program in international law and human rights in Costa Rica in 2003, she took a vacation to Nicaragua. And that changed everything for this Houston native. “As a kid you have a vision of paradise, and when I saw Nicaragua, it was exactly like the vision I had,” explains Ashley. “It’s a gorgeous country, with mountains, verdant green countryside, and miles and miles of unspoiled ocean.
Ten years ago I was one of the millions of middle management, middle-aged people commuting into the big city. I was exhausted, bored, and stressed; deeply frustrated that I didn’t get to spend enough time with my young family. I was a walking stereotype. Today, I still work for the same employer, but I live on the other side of the world. I have spent the last eight years living by the beach in Australia, while being employed full-time by a company in London. My employer is a digital sports broadcasting company, and I’m a graphic designer, creating promotions for the various sporting events that we broadcast.
Places where expats and tourists gather are good locations for a food enterprise that gives them a taste of home— particularly when it comes to a daily staple like bread. Central America simply doesn’t have the same bakery tradition as the U.S. or Europe, which means you can find a hungry market for European-style loaves, pastries, wholegrain, sourdough, croissants, and more. Belize is a case in point. With tourism increasing more than 10% year-on-year since 2011 and a real estate boom reaching even into the less expensive areas like Corozal, San Ignacio, and Punta Gorda, the market for specialized bakeries is strong country-wide.
After her daughter left for college, New Yorker Judy Ganes Chase began to look at the possibility of moving overseas…and getting involved in a new business venture. She chose a frozen yogurt franchise and is now the first franchisee in Central America for the Chicago-based chain Forever Yogurt. She has two outlets in Panama City. But Judy has gone a step further and purchased the franchise rights for all of Panama. She plans to open five additional locations in the next two to three years.
When my husband Jamie and I left our U.S. home in Lake Tahoe, California for our new lives in Argentina, we were looking to learn a new way of life, meet new people and explore a new culture. But we needed income, and both being entrepreneurial souls, we knew that to live our life to the fullest while living abroad we needed to create our own businesses. In the past 12 years we’ve created and run nine successful businesses, from managing a vineyard in San Rafael to creating a bustling vacation-rental company in Patagonia. To say the least, we have learned a few lessons along the way. Here are seven tips to help you create your own successful business abroad…
Getting into retail without having to invest in stock is a great way to cut down on your initial investment and more quickly make a profit. And it can be very easy. Consignment shopping fits right into that mold. And, as a very American concept, there’s not a lot of competition for it in other parts of the world. If you’re gathering what others don’t want—and finding a market for it—you have a good business model for short-term or long-term retailing. Essentially, with a consignment store you offer a space for others to sell their items in exchange for a cut of the money when the product sells.
If you visit Monticello, Thomas Jefferson’s masterpiece of a home, you will most likely come away with a favorite memory. While the gardens are spectacular and the house filled with clever inventions, my favorite is Jefferson’s office, which adjoins his bedroom. He could roll out of bed and get to work at his desk. Of course, in Jefferson’s time, home-based businesses were more common than long commutes. But still, he must have created the shortest commute ever. During the decades following World War II, home offices all but disappeared as people went off to work in someone else’s office.
Any location that finds favor with expats ultimately needs a place for them to hang out. There is a ready market of people who want a menu of familiar food—like burgers, hot wings, or a juicy steak—prepared in familiar ways. Put their favorite music on the jukebox, and they’ll be drawn in. Offer them NFL football or a pool table, and they’ll become good regular customers.
With a laid-back lifestyle and increasing access to modern amenities, it’s easy to see why a growing number of expats are calling Granada home. This colonial city in Nicaragua has year-round hot weather, brightly-painted buildings and colonial-era architecture in the historic center, and diverse natural surroundings. It’s not surprising that it is becoming Nicaragua’s tourism hub. What is interesting, though, is how it is growing as a wellness destination.
Vikki Gold is delighted with her move to Costa Rica. “I love it here. I’m at peace. There’s beautiful scenery, a great climate, and so much wildlife. It’s our little paradise,” she says. She came here just over a year ago after she and her daughter, Hollee, bought and renovated a boutique hotel in the jungle, which they renamed Villas de Oros (Villas of Golds in Spanish—a play on their last name).