Companies that want to export face the enormous difficulty of lacking reliable business data on markets. Exporting companies need to be aware of competitive conditions in their current markets, search for opportunities in search of new or emerging markets, as well as seek opportunities to diversify their production or add value to their current product [...]
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Small entrepreneurs often need an injection of cash to grow their businesses. In that respect, we lend them for businesses are the best solution. However, no one is attracted to the idea of repaying the interest on a loan. While it is true that interest payments can be higher than what some traditional banks charge, [...]
Continuously monitoring and finding ways to improve workplace operations can help an organization keep its finances stable and continue to deliver high-quality products and services. An employer must control operations in the workplace so that he can develop strategies to improve procedures and protocols. As a business increases its sales or size, the monitoring task [...]
Typically, business process management (BPM) is divided into nine areas of knowledge. However, the truth is that it is not enough to master these areas of knowledge; you have to know how to use it within an order of interconnected actions called BPM Lifecycle. Randall Castillo Ortega is a business expert and the founder of [...]
More and more people are betting on focusing their investments on startups. The moment money is deposited in a startup, and the goal is to minimize risk and maximize return. However, to do so, you have to draw up a strategy that allows you to achieve these objectives. Randall Castillo Ortega, the founder of RACO [...]
RACO Investment founder Randall Castillo Ortega offers insight into choosing the right market segmentadmin2021-04-14T15:14:13+00:00
The value proposition and the market segment are a problem of the chicken and egg type. There are those who recommend starting the canvas from right to left; that is, by the market segment, but sometimes you review the value proposition and it doesn't make much sense. Randall Castillo Ortega, the founder of RACO Investment [...]
To turn the dream of having your own business into a reality, you've had to invest time, money and a lot of work. And after all this effort, you expect to make big profits. However, entrepreneurs need to be aware of how much they’ve earned from every investment they’ve made in their business. They have [...]
Regardless of industry, location, or any other factor that defines your small business, you need a strong business plan. A business plan is like a guide to your business. It helps you set goals, create a budget, and implement marketing strategies. Not preparing a business plan is one of the biggest mistakes made by small [...]
Panama is a country where real estate investment expectations are met in a safe and risk-free manner as it has a consolidated democracy, which leads to legal certainty, creating an ideal framework to invest. It has a stable government and a strong economy based on the US dollar. Even after the COVID-19 pandemic, real estate [...]
Determining the amount of money you need to start a new business and to operate it for the first twelve months is something entrepreneurs fail at very often. Trying to calculate all of the costs associated with launching a new endeavor isn’t easy and there are often surprise expenses that entrepreneurs need to be prepared [...]