Financial innovation is a general term used to refer to advances in financial technologies and systems. Within the financial services industry, it allows consumers to have more influence and control over their financial well-being and gives financial institutions the ability to improve the products and services they offer to customers. Randall Castillo Ortega, a financial [...]
Going after more challenging goals to improve the growth potential in your SME is the best way to avoid its stagnation and disappearance from the market. Diversification is key to achieving this. However, knowing how and when to do it require strategies. RACO Investment founder Randall Castillo Ortega explains how the strategy works and when [...]
Entrepreneurship is one of the greatest satisfactions you can get in your life; this process can make you grow in a variety of ways. You gain a lot of experience and find patterns that you must follow to avoid mistakes and take advantage of opportunities. Randall Castillo Ortega, the founder of SME investor RACO Investment, [...]
How you can pay back a loan is the most important thing that lenders will want to know. As a new entrepreneur, it can be difficult for you to prove your ability to repay or "service" the loan. Randall Castillo Ortega, an entrepreneur and the founder of SME investor RACO Investment in Costa Rica and [...]
To be successful in a company, creativity is essential. It doesn't matter what business sector you are in, how the day is run or who the members of your team are. All companies require a lot of creativity. It must be part of our daily lives. We have to examine whether it is happening, how [...]
Financing a startup requires going to different sources of capital depending on the stage we are in. We give you some ideas, so you don't tire yourself trying. Moving forward with a good business idea needs, in many cases, capital to be able to tackle all the necessary tasks at the right time. Randall Castillo [...]
It could be difficult to share control when you are most passionate about something and devoted to its success. You've probably already realized that it is worth seeking out help when moving your business. Burnout can result from starting a new business. It can be difficult, but it doesn't have to be impossible. It's important [...]
A business must have a deep understanding of all profits and losses in order to succeed. For a business to be truly successful, it must also know the profits and losses for each profit center, every department, and each project. Randall Castillo Ortega, the founder of SME backer RACO Investment in Costa Rica and Panama, [...]
There are many subtleties to be aware of as a businessperson. The most important is bringing together the accounting movement. The business will become more stable and produce more income and profits if it tracks costs, revenues and benefits right from the start. Randall Castillo Ortega, the founder of RACO Investment, offers tips and tricks [...]
Merchants have become more efficient with their customer's payment experience through digital innovation. Businesses have seen a rise in their competitiveness and increased customer volume thanks to FinTech's advanced technology systems that simplify billing and money collection. Randall Castillo Ortega, the founder of SME backer RACO Investment, shares how businesses can benefit from them to [...]
