Economics And Private Business Projects

Economics and Private Business Projects

Economic situation for private business projects in Huehuetenango

Investing our money in a good business can lead us to adequate profit performance according to the risks we want to assume. It is usually not advisable to have our money if we have a business opportunity that generates a growth opportunity. Investment opportunities vary depending on the amount of money we want to negotiate in a certain project, it is advisable to have a broad business portfolio to reduce instability and risk

When investing in a project we must feel familiar since the person who invests is the one who runs the risk of losing their money if you do not know that the product or service has a high potential. Every investor has the obligation to conduct a deep investigation to choose high -income high -income sectors, whether they are technology businesses, emerging markets, etc.

To have an increase in low risk investment we can mention the investment in fixed installs that has a stable low risk performance. Or in goods and roots being a long -term investment tend to rise due to economic and population growth or products of products or services that have a high profit rate depending on several factors that we will take into account in this document.

Every good investor must be very well informed of competitive dynamics and socio -economic changes to have a good market -oriented strategic approach that allows them to anticipate the speed of market exchange and adapt the commercial capacity to have a multichannel approach that allows us to present aHigh quality customer service company.

We have to tell that all companies have a business life cycle and to manage this we can sell the company in a total or partial way since the cycles of the companies are shorter and sustainability becomes more difficult. There is also the trend of growth companies that consider inorganic growth through purchases and mergers. In the merger market increases the possibility of growing and entering other markets and other distribution channels that we did not have and evolve competitively in an efficient and effective way.

To identify growth needs we must know them before anyone else and this is easier to identify it if we have a small company since we have more capacity to take advantage of innovation opportunities, marketing and market innovation.

Large companies are usually not specialized if they do not seek a high quality product improving their products due to the competition, the study of research is basic for the proper functioning.

When we operate a large company, it is importantThe improvements cannot be given if we do not have a team of qualified people to carry out these types of activities, this innovative team will have the ability to generate change and optimize performance according to the previously established mind.

There are three constants that help us identify that we need to make internal changes which is not very easy to achieve:

• Socio-economic changes are constant
• Technological innovation reduces products life cycles
• When the needs and tastes of customers modify the demand segments.
• We must adopt a flexible and change culture which is a slow and expensive process.

To have a higher performance in our company we must take into account the following categories:

• Analysis of the trend of the economy
• Get out of our business habit
• Learn from the experience of others
• Analysis of the needs of our clients
• Growth development talent
• Innovation
• Promote creativity and participation
• Constant changes of work areas
• Compromise
• Incorporate people with other culture

In the current economy the market varies depending on the area in which it is located, the geographical location of the company must be a strategic decision, this decision must be taken according to the market segment, economic activity where it wants to reachThe company at a certain time.

When choosing the location of our company we must take into account several aspects depending on the market that we are directed, we must also take into account the company’s surface to have a good distribution of our equipment, costs and the way we already acquire itbe renting, renting or buying.

After choosing the city, we must choose the municipality or neighborhood to see if we have potential competitors or I am a pioneer in the market.

We must also study the behavior of competitors before the entry of a new business. For this we must find the appropriate location and the following should be sought:

• Available premises
• Costs, surface and structure
• Pedestrian traffic
• Number of competitors
• Number of non -competing stores
• As a first step we must choose which point or what people we want to choose from which must have certain guidelines that must be met:
• Market and customer proximity
• Have services we need to work.
• • Access to raw material
• Labor availability

Not all people want the same things or have the same needs, therefore companies require a greater study and strategic approach to commercial activity aimed at responding to the needs, constant change and speed of satisfaction of them.

Huehuetenango is one of the departments with more municipalities in Guatemala located in the north-western area of the country known as “silver tacita” the city has a very varied topography with mountains, peaks and lowlands. Huehuetenango has an amount of 33 municipalities that have a high growth potential. With a territorial extension of 7400 km2. The total number of settlers is an estimate of 1,381,969 inhabitants with a percentage of 53% women and 47% men.

Multilingual department where it has as an official language: Spanish, Mam, Aguacateco, Akateko, Chuj, Popti´ and Q´Anjob´al. Being the only department that has this characteristic.

Multicultural because there are different cultures and Mayan peoples. Its economy is based on agriculture, pottery, ceramics, crafts.

Huehuetenango suffers a phenomenon that is being given throughout the world that is migration;The residents seek job opportunities, due to lack of sources of employment, for low wages and poverty. There are two types of migration:

1. International Migration: Displacement of people to other countries.
2. Internal migration: displacement of people within the same country.

The two are worrying but the internal is one of the most alarming because children are exploited, family disintegration, among others.