Guatemalan Entrepreneurs

The majorities of entrepreneurs in Guatemala generate few jobs; they start a business out of necessity and use old technology.

Wednesday, November 10, 2010


©image: global-images.net

The Global Entrepreneurship Monitor project, dedicated to measuring entrepreneurial activities in the world, described the main features of Guatemalans who start their own businesses.

59% started their business out of necessity, seeking to increase their revenue, about half engage in activities which require a capital of less than $ 1,300 and 59% have no employees.

The vast majority (77%) use old technologies, for over 5 years, and 46% have not completed the basic levels of formal education, as reported in an article at Sigloxxi.com.

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