Brazil Growth and Starting a Company
The economy of Brazil is expanding. Many people in Brazil are excited about all of the opportunities to start a company. Starting a company is harder than many people realize. Some people want to start a business to increase their income. Other people want to control how they spend their time each day.
Jose Hawilla is an entrepreneur who has had success as a business owner. When he started his first business, he made numerous mistakes. Jose Hawilla spends a lot of time mentoring young business owners. Mentoring other business owners is a proven way to help the economy. Check out his about.me page.
Opportunities in Brazil
The economy of Brazil was based on agriculture for many years. Few people ever thought about starting a business in another industry. Farming can be a lucrative industry. However, agriculture is reliant on specific weather conditions throughout the growing season. One bad year of weather can cause a farmer to go bankrupt.
Jose Hawilla lived in an area where farming was common. Jose started a small farm at a young age, and he borrowed money to purchase additional land. One year the weather was terrible for growing crops. He owed a ton of money, and he had to sell his property to pay his debts. He quickly learned that borrowing too much money can be dangerous for new business owners. You can follow their Twitter page.
The banking industry in Brazil is not friendly to small business owners. Although it is possible to get a business loan, the loan options have high rates of interest. Jose Hawilla decided to start a small business lending program for people who live in his area. This lending program has been a massive success. Thousands of people utilize the lending program each year. Most of the loans are for nominal amounts, but the capital can make a huge difference for new business owners.