One of the lags left by the COVID-19 pandemic was the job loss. However, 47% of Peruvians have started a business as a way to react proactively to the impacts of the global crisis, according to an Ipsos report on “Entrepreneurship in times of inflation”. The entrepreneurial spirit that Peruvians display is remarkable, even in the midst of adverse situations, a reflection of this is that Peru It is positioned as one of the countries with the greatest predisposition towards business, according to a survey carried out in 28 countries by the Ipsos Global Advisor pollster. For this, it is important to advise Peruvian entrepreneurs, finance the creation of companies and simplify the process that is needed to formalize a business. In this sense, we spoke with an expert economist, who gave us keys to undertake, improve your finances and not fail in the attempt.
What are the keys to start?
Are you an entrepreneur or want to start a business? We spoke with Dennis Cavero, financial expert and author of the book “Lessons from Angelita,” who gave us a series of recommendations based on his experiences as a university professor for more than 17 years.
- Have a joint purpose or vision: Ask yourself the following questions, What do we want? Where do we want to go? Based on this, visualize our objectives, economic deficiencies that each household has and review what type of business we want to have.
- Save: The challenge is to learn to manage the income so that it does not stay in one purpose. Starting to save is the best way to achieve goals, prevent needs, and deal with any problem that involves heavy spending.
- Make a business plan: Here the entrepreneur will have to observe the potential market, its consumers, needs and characteristics.
- Have clear accounts: Work to keep economic information autonomously and not mix it with personal or household accounts.
- Learn to manage the crisis: Establish the roles for each person. Who will manage the money? Who will keep the accounts? Who will do the shopping? What will happen if we stagnate? Bear in mind that the entrepreneurship process will have its obstacles, but it is up to one to get out of that stagnation, as it will ultimately bring benefits.
On the other hand, the expert highlighted the importance of “dare to ask for a bank loan, constantly innovate and train with business consultancies, digital tools, courses, diplomas and Internet material related to finance”.
Financial education: the key to success
“Angelita’s Lessons” was born out of concern for the lack of financial education and the statistics on the high delinquency in young people with respect to credit cards”, Cavero specified regarding the importance of teaching finance in schools. “Peruvians have a great capacity for entrepreneurship. I remember when I was on Av. Manco Cápac and I saw a girl who attended a street stall belonging to her mother and had a piece of milk carton as an umbrella. So, that made me think about the entrepreneurial capacity that families have in the face of adversity and I had an inclination to write this book to help young people learn about finance issues,” said the economist.
What is financial education?
Without a doubt, we are a country of entrepreneurs and entrepreneurs. Although few know what the financial education, refers to a very useful type of information that offers us tools to manage money responsibly and intelligently. In this way, you will be able to learn to manage, obtain and invest your own capital to make informed decisions about your economy, be less prone to falling into debt and financial problems.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
