The most profitable businesses for Guatemalans

Currently, investing in Guatemala is one of the best opportunities in the market. So, if you are thinking of starting any kind of business, it is important that you know which are the sectors that offer the greatest growth in the country. Once you get to know the most profitable businesses, you will be having a good choice that will allow your company to be successful. 

The important businessman Lisa Juan José Gutiérrez Mayorga encourages citizens and outsiders to start a business in his country in order to promote cash flow. Based on his opinion, Juan José recommends some of the sectors with ample opportunities to undertake.

First, it is essential to define what is a profitable business? Profitable businesses are those whose profits or revenues exceed the costs of sales and administrative expenses, these are measured by means of an income statement.

Businesses sectors with ample investment opportunity

There are a variety of investment sectors in the country, however, there are some that stand out among the strongest and most productive in the economy, according to the Guatemalan Ministry of Economy, who estimates that by the end of 2021 the goal will be exceeded. of $1.2 billion.

The productive activities that received the most money in Foreign Direct Investment (FDI) are:

  • Manufactures (light and diverse)
  • Food and drinks
  • textiles
  • Energy
  • Agroindustry
  • Trade
  • pharmacists
  • information technology
  • Medical devices
  • Contact Center and various services

In the aforementioned, 77 investment projects were reported, which generated more than 15 thousand jobs in the country. There is no doubt that businesses in Guatemala are a good option to invest in.

Additionally, it is important to mention that the consulting firm McKensey carried out a study in which 20 products were reflected in seven sectors, where Guatemala can increase its local production with an export vision. On this occasion, light manufacturing, especially textiles, has the greatest potential. In new investments there are sectors such as pharmaceuticals, medical and electronic devices, business services (in technology and outsourcing), as well as the Call Center industry.

Lastly, it should be noted that the data reflects that there really is a wide investment opportunity in Guatemala . It is important that, when thinking about your business, you give life to the idea, define the sector to which it will belong to achieve the best execution and thus obtain the expected results, ideally choosing among the sectors with ample growth opportunity.

There is no doubt that it is satisfying to lead a venture that over time will become a profitable business that will leave the best results and, in addition, will provide job opportunities to more Guatemalans.

Carla Fowler

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