Work in Paradise
You love the Costa Rican laid back lifestyle. You never want to go home to the 9-5 corporate drone. So Don’t! Stay in Costa Rica and start a business, live in paradise and go to work in your swimsuit. Every year entrepreneurs are trading in their suits and ties for sandals and shorts and starting successful businesses in Costa Rica.
- Strong Regional Economic Growth Rate – Latin America is one of the largest emerging economies in the world and Costa Rica is its most developed nation.
- Positive Ease of Doing Business Ratings– The World Bank’s site Doing Business measures business regulation by countries. Costa Rica has improved its ease of doing business by 12% since 2012 and is continuing to rise steadily. It is twice as business friendly as its Latin American cousin Guatemala.
- Micro Entrepreneur Support – Many homegrown programs, complete with grant monies and technical assistance, exist in Costa Rica presently. International business people are finding profits in all types of companies from small business to multi-national service franchises.
Above chart courtesy of Doing Business, The World Bank
Disadvantages for New Businesses
- Central America faces issues of inequality, poverty, and corruption – All these could thwart your entrepreneurial efforts and increase your business expenses.
- A lower percentage of college graduates – Can mean experienced and educated management-types are harder to hire.
- Conservative Culture – Created by uncertain futures and generations of poverty, the people tend to be conservative and risk adverse to new ventures.
Examples of Entrepreneurial Businesses Started in Costa Rica
Two Expats get Juice – Chain of tropical juice bars started by two Americans
Story of Banana Bread Steve – A Hawaiian with a good recipe lives the good life in Costa Rica
Recent Post: Business Idea Generator
By Marsha Kelly Business Blogger – Serial entrepreneur, after doing Time in corporate America, who has learned about what products and services really work well in business today. You can learn from my experience and my associates as we shop from the internet for tools, supplies, and information to build our businesses and improve the lives of our family and ourselves on our site http://best4businesses.com/
My strongest belief is that the safest, most secure and most lucrative job you can have is owning your own business. I learned this valuable lesson the hard way by investing time, energy and emotion into a corporate career only to be fired unceremoniously –when I dared think creatively outside the box. My entrepreneurial journey to starting my own business was first by necessity but then turned into a great blessing of prosperity and freedom. Graduating from the school of business hard knocks and learning how to start, manage, and then sell my business for over $1,000,000. Learned more about real life business this way that I learned in my four years at the NYU School of Business.