I'm currently looking for a good business venture to start. The only thing is i want to open a business in Quito Ecuador, but if a invest money in a business i want to invest it in something that will give me some good profit. Does anyone have an idea??
2007-03-02 03:05:56 · 1 answers · asked by ray 2 in Business & Finance ➔ Small Business
Well ideally in such a case you want to look into a franchise to either buy or duplicate. Developing countries offer some advantages, especially the fact there there are often fewer competitors in many markets and instead of reinventing the wheel, you can easily adapt a successful business model from a company in the USA for your market.
I have included a link to one of the best places to start your search. I would also tell you to focus on a SERVICE business because it often has lower overhead, you can start from home, easier to scale (no need for storage space of physical products) and if it fails you are stuck with inventory.
You should also join a local organization like the Chamber of Commerce, Rotary Club, Kiwanis Club etc. mainly because it will allow you to network with business owners and potential investors and advisors.
2007-03-02 03:52:42 · answer #1 · answered by David M 3 · 0⤊ 0⤋