Adrián José Velasquez Figueroa on Setting Up New Businesses in Panama

Adrián José Velasquez Figueroa is a Venezuelan businessman who is now living in Panama. Although Adrian is not quite 25 years old yet, he has more experience than many people twice his age, as he experienced the hateful regime in Venezuela before finally making his way to Panama. He loves his new country and wants others to know that Panama is a great place to start a new life. He anxiously shares his wisdom.

First, Adrián José Velasquez Figueroa says that people need to find their niche markets. Over 33 percent of the economy in Panama is based on the Panama Canal and related services. Other strong sectors in the country include banking, logistics and tourism. Since Panama has great high-speed internet, he recommends that people consider starting online businesses.

Secondly, Adrian says that people who come to Panama need to be flexible. They need to be willing to try new things. If at first you do not succeed, then the successful entrepreneur needs to be willing to try something new or try something different all together.

Third, Adrián José Velasquez Figueroa says that partnering helps lower costs and increases the fun. This is especially true when it comes to sharing office space.

Adrian says that a lot of people moving to Panama to start a new business do not have the best educations on Local residents are very accepting of that fact.

Adrian says that he cannot stress the importance of learning all you can about your new market on Take steps to quickly become a thought-provoking industry leader. Build trust in your customers so that they will help spread the word about your company.

Setting up and operating a new business is hard work. When you follow the advice given by Adrian, then you will be well on your way. Enjoy the experience of living in Panama while operating your business, as there is so much to do in this friendly country.

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