RACO Investment founder Randall Castillo Ortega explains why women entrepreneurs are successful

There’s never been a better time to start a business than now. This is especially true if you are a female entrepreneur. According to founder or her RACO investor and serial businessman Randall Castillo Ortega, there are several key factors that help women-owned startups gain more power, and they do. There are several key factors that help

The number of women-owned businesses has increased significantly over the past three decades, from 402,000 in 1972 to 3 million in 2018, according to the Bureau of Labor Statistics. Today, 4 of her 10 companies in the US are owned by women entrepreneurs.

It is well known that many women spent their childhoods in American corporations and male-dominated businesses. This experience led to a general perception that being bold doesn’t necessarily lead to success as a woman. It is important to strengthen your position when operating a

Castillo explains: This is how you advertise your business and think about what you need to do to be successful. This could include virtually anyone: friends, family, casual acquaintances, and even the person sitting next to you on the plane. ”

Perseverance and energy are also important factors for success. Once a journey begins, it must continue to the end. Despite the fact that there are naysayers who doubt you, if you don’t have a decent group of friends to help you on your journey, it will be difficult for you to move forward without naysayers around you. It’s important to remember that most of this patience comes from within.

Castillo adds: Understand how a service or product works that needs to meet a financial need and address that issue.

As entrepreneurs, it’s easy for us to learn from other small business owners – both their successes and their failures. Negative reactions to your desire to seek advice from other entrepreneurs is very unlikely to receive Most small business owners have gone through similar situations and would love to share their experiences with you.

Keep your overheads low by starting your business with free assets. The site not only connects you to coaches in your area to provide support, but it also allows you to connect to coaches in your area to provide support. Castillo adds:

There are several ways to do this, including using a home office to test products and services before investing in additional real estate. Reuse and recycle anything that will help your business grow, and check out our want ads for the possibility of getting free supplies. ”.

Asking loved ones for help is also a good idea. They’ll probably be happy to donate something so they can support your business when it starts.

Use as many free alternatives as possible while your business is established and make investments that will help you continue to grow in the future. please.

About RACO Investment

RACO Investment is a financial investment company serving small and medium enterprises in Panama and Costa Rica. It was founded by Randall Castillo Ortega, an expert financial advisor with roots in the Latin American import-export industry. The company has helped many startups find the financial backing they needed to get off the ground. We also offer bridge loans to help those looking to restructure or improve their businesses.