I found this informative and positive post about Guayaquil which is quite refreshing. In this article, Mr. Tom Kadala (www.researchpays.wordpress.com ) touch on the fundamental reasons why Guayaquil is a ‘hidden treasure’ for investors and highlights the key drivers that will soon make this former sleepy town on the west coast of South America into an extension of New York City.
Guayaquil, Perla del Pacific – (Pearl from the Pacific Ocean) –due to its privileged location on the Pacific coast facilities all trades and businesses; also it is an strategic hub for the global economy of Ecuador, Latin America, EU and USA.
I agree that Guayaquil has good potential, and it is going towards a modest business friendly environment. It is easy to fly in and out of Guayaquil airport and airport procedures and security is much better in Ecuador.
The biggest limiter for Ecuador is its size, but the best things are: the geographic location, and its industrious, entrepreneurial, courageous, and determined people. I believe Ecuador is becoming one of the most important and successful countries in all of South America over the next five years.
Thanks Tom Kadala for you insight view on Guayaquil!
Known mainly for its prehistoric inhabitants, the Galapagos Islands located off the coast of Ecuador has always overshadowed its bustling port-of-call, the City of Guayaquil. To attract some of the 450,000 annual tourist that bypass the city on their way to the Galapagos Islands, Guayaquil’s long term Mayor, Jaime Nebot, has been busy rebuilding his city hoping to convince some of these visitors to stay a night or two longer. New roads, malls, conference facilities, and two ambitious proposals to modernize their port facilities to world class standards has started to turn heads. For investors who dig deep into the numbers, they may be pleasantly surprised to find a growing middle class grounded on socialist beliefs but ready and able to respond to international business demands.
In mid-September of 2012, Guayaquil’s mayor and his entourage presented their case to investor groups in New York City. Mayor Nebot openly solicited…
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My entrepreneurial adventure side takes me along new interesting ideas while living in Ecuador. I could a sure you that it will be a real learning path in this society and economy.
Here in Ecuador I have found plenty of small business opportunities base on the informality in their local market trade, which it is the result of the high tag most formal businesses have on their final product. In the local Ecuadorian market there is hiked on prices due to a lot of the overhead on imports and local production, I could say that most local consumers try to find on the side options to be able to save and enlarge their expending power.
Christmas it is a great time to supply home made goods and also introduce special imported products for the season. My business creation for this Christmas season is home made spirits and distribution of a reasonable priced Scotch Whisky. Plus on demand elaboration of Corporate Christmas Baskets with home made goodies…
Let me tell you, I am not the only one doing this sort of business adventures, this seems to be the common activity between Ecuadorians at this time of the year, in November, they basically start promoting or asking around what are you making or offering for the holiday season.
Ecuadorians are big spenders when it comes to family, festivities, presents and food.. They do not miss out anybody on their list, they make wonderful Christmas cakes and a delicious home made eggnog, which is the standard to be offered when you visit friends and relatives. They love hot chocolate and “Pan de Pascua” which is a traditional Christmas Round Bread usually in the morning as breakfast.
They are very Catholic oriented and follow a lot of the traditions set by the church. They do the “Novena del niño” , Prayers Novena to the Infant Jesus, gathering friends and family for 9 days before Christmas eve to pray in the name of the Infant to be born, later on they will sing and chant some of the most common Christmas Spanish songs, what a lovely fulfilling way to celebrate the season.
All of this traditions and social behavior provides a great opening for any expat or foreigner to explore the local business opportunities and introduce themselves with new innovations and flavor in life… There is a chance for catering services, events organizer and planners, and even clothing design it is well appreciated, Ecuadorian ladies are very much into fashion and beauty. They love spas and beauty centers, sports and health instructors are very much in fashion. They seem to like top notch quality professionals here, and overseas trainers and instructors are very well paid. Beside all this you have the traditional English teacher jobs, but I would say that unless you are referred by a well know international institute, it will be difficult to get hired, lately, they are enforcing regulations in their education system, and unless you have a teaching degree you could not work as an English teacher.
Today you got a small introduction from this land of opportunities, if your choice in life it is to retire overseas and still make an extra income or keep busy while living abroad, I will say Ecuador is the place to be.
Now, this will be possible around the city suburbs which must of the higher income families live. You can always live by the ocean front or on the hills and travel to your city activities while driving from one place to the other in a very short period of time, most places and cities are not far from each other, distances in this country are fairly close.
The important decision to make ahead of time is the region you will like to live at, if you love the warm weather and the ocean view you have to choose the Coastal Region, you can find wonderful spots no far from the main cities for your on going activities. The same will apply for the Highland Region. Always ask and get informed about your options and don´t forget to be creative, there is plenty of interest from locals about foreigner´s knowledge and experience.
Until next post… here I leave you with my business add