Crisis-Resistant Startup Tips From Venezuela

Venezuela is one of the world’s toughest places to start a business. The nation finished 186 of 189 nations in this year’s World Bank Group Doing Business rankings, owed to its runaway inflation, record-breaking recession, mass shortages and corruption. But that hasn’t stopped local entrepreneurs from founding growing companies. On the contrary, Venezuelans continue to launch promising businesses amid the country’s crisis, and Venezuela maintains one of the highest rates of entrepreneurship in the world. I spoke to women of Caracas’ newly-minted startups to uncover three unexpected strategies for getting a business off the ground in even the most adverse of circumstances. More…