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4 Lessons Latin American Startups Can Teach U.S. Businesses in the Trump Era

By NexChange
Capital Markets


The co-founder and CEO of one of the most successful startups in Latin America discussed the challenges of building a successful business in the region; of servicing large-caps like Anheuser Busch Inbev NV (ADR) (NYSE: BUD), Starbucks Corporation (NASDAQ: SBUX) and Restaurant Brands International Inc (NYSE: QSR)’s Burger King; and of getting funded by Silicon Valley heavyweights like QUALCOMM, Inc. (NASDAQ: QCOM) Ventures.

In this piece, we’ll look into a few lessons that U.S. businesses could take from Latin American startups for the Donald Trump era.

Learn To Live With Uncertainty

The first lesson U.S. businesses should take from Latin American is to learn how to live with uncertainty, how to adapt.

“In Latin America, laws, currency exchange rates are constantly changing, taxes are constantly changing,” Recchia said. “So, we get used to constantly adapting, to assuming no variable in our business is fixed.”

“And, I believe that similarly, nowadays in the U.S., healthcare regulations will change, financial regulations will change… While on the one hand, this is very complicated; on the other hand, it generates new opportunities. So, what entrepreneurs have to learn is to be comfortable with uncertainty,” he …

Read more at Benzinga.

Photo: Getty Images

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