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Going into Business for Yourself

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Content
Home / Preface
5 - Costa Rica in Brief
6 - Map of Costa Rica
8 - Symbols of Costa Rica
9 - Introduction
12 - Getting a Bird's Eye View
14 - Why Choose Costa Rica?
18 - Costa Rica Has Many Firsts to its Name
22 - A Place That Accepts All Races
30 - The Friendliness of the Costa Ricans
33 - Ticos are Individualistic
35 - Ticos Are Different and Procrastinators
38 - Why Others Have Gone Abroad
42 - Specific Reasons for Leaving Home
45 - Culture Shock
48 - Enjoy Your Retirement by Adjusting
49 - Ways to Adjust to Your New Life
56 - Making Your Stay More Satifying
58 - Cost of Living
67 - Addresses and Directions
69 - Your Car and Driving
71 - How Not to Be Obnoxious to Locals
74 - Adjusting to the Weather and Climate
76 - Choosing the Right Climate for You
77 - City Living versus Country Living
79 - Where to Live in Costa Rica
82 - Living in Your American Style
84 - Top Quality Health Services
87 - Medical Centers in San José
89 - Dying in Costa Rica
91 - Security and Safety in Costa Rica
94 - Personal Experiences of Petty Thievery
98 - Sex and Romance
101 - Going into Business Yourself
105 - Expatriates Production Enterprises
110 - Expatriates Service Businesses
114 - The Business Environment
120 - Helpful Tips for the Newcomer
125 - National Holidays and Festivities
128 - Religion, Churches & Support Groups
131 - The Optimism and Health Link
133 - The 8 Point Formula for Anti-Aging
134 - Obtaining Insurance
136 - Early Colonial History in Brief
139 - English Language & Tico Expressions
144 - Misdemeanors That Are Now Felonies
146 - Closing Words
148 - Bibliography
149 - For More Information and Contacts
151 - Appendix
155 - Index

Numerous Opportunities for New Enterprises

Many retirees have established their own successful small businesses in Costa Rica; either for fun or for profit. The main purpose for doing so was mainly to keep busy, but the opportunity to earn an additional income was not entirely disregarded. For the majority, the idea of making huge amounts of money was never in their minds. What they wanted to do was prove to themselves that they were still capable of putting their knowledge and experience into use for the benefit of others. And, of course, making some money while doing it.

But going into business for yourself is not a simple thing. Before embarking on such a venture, no matter how small it is, you should consider how much of your money you can afford to risk. You should take into account what you can expect to receive on a regular basis from your social security, pension, investment income (bonds, CDs, stock dividends and other sources). It's very important that you choose the right business for you. You really don't need a fortune to begin your own business. Many can be started with very little capital especially if it's a service business.

If you have determined that you have the qualifications for starting a business, carefully think out the situation before taking the plunge. People sometimes go into business for themselves without being fully aware of what is involved. Sometimes they are lucky and succeed. More often, they fail because they do not consider one or more of the ingredients needed for business success.

Retirement enterprises are generally small with little capital required. You can go into business for yourself in any of three ways: creating the business, buying an existing one, or acquiring an established franchise. You should select a business that you know something about or can learn about it fast. And there should be a market for it no matter how small. Besides, there are several traps that you should take into account such as overestimating sales and underestimating long-term expenses. You probably will have no trouble getting the money to start the business, but fail to estimate the working capital needed for the next six months or a year. Operating expenses such as rent, payrolls, telephone, utilities, advertising and marketing are sometimes not given the consideration they require.


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All texts of How to Retire Happily in Peacefull Costa Rica are copyrighted © by Frank J. Thomas Gallardo and Editorial Texto Costa Rica. We recommend to buy a hard copy of How to Retire Happily in Peacefull Costa Rica.