Entrepreneurs are Missing in Latin America

The list of reasons for this serious absence begins with the culture of salaried employees, which is instilled at home and in educational institutions.

Friday, May 8, 2009


©image: _ Kripptic

In Latin America, the general idea is that the success of a young person is his/her school grades, then how soon he/she graduates from the university and, ultimately, how fast he/she gets a good job. It is not customary for personal goals transmitted through family values to be related to being an entrepreneur.

Emilio Zevallos V., international consultant and researcher specializing in MSMEs in Latin America, said in his analysis of the topic at Elfinancierocr.com that "there are few successful entrepreneurs (or rather, there are not many who make their success public). This is why we would rather look for our "comfort zone" in salaried work. This is not only an obstacle for the novice entrepreneur looking for support to develop a business, but for anyone who, having developed it, fails in the attempt.

More on this topic

Enterprise Fair coming to El Salvador

July 2008

This Friday an Enterprise Fair will take place in San Salvador, where traning and financial services will be offered for people starting a business.

The goal of the fair is to coordinate different public and privatre institutions in supporting entrepreneurs and to provide all of the necessary services in one place.

The Excessive Cost of the State

March 2012

The Costa Rican government’s spending is excessive, especially its payroll, this is limiting the country’s competitiveness, and preventing the development of productive enterprises.

From a press release of the Costa Rican Chamber of Commerce:

Excessive public spending limits business development

$5 million for promoting businesses in Panama

January 2009

The purpose of the "Support for Dynamic Entrepreneurship" project is to promote companies with the potential for growth and internationalization.

Laestrella.com.pa reports on its website: "Acelerador de Empresas, which is a part of the "City of Knowledge" Foundation, signed an agreement for the "Support for Dynamic Entrepreneurship" project with the IDB, via the Multilateral Investment Fund.

Better be Employee than Businessman

October 2009

This is how we are raised in Latin America, disapproving or disliking those who earn a lot of money as businessmen.

Latin America does not foster entrepreneurship. Education, specially high school, rises us with the goal of getting a good job, as opposed to owning a business.

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