Despite political moves that have been making foreign businesses and investors in Venezuela nervous in the past few years, entrepreneurship has managed to survive. For many Venezuelans, entrepreneurship is a way of facing the prolonged political and economic troubles in many sectors of the economy, as the Washington Post article “ With Chávez, Some Venezuelan Entrepreneurs See Opportunity” explained when the President won re-election.
Now at the end of his 2nd six-year term as President, Hugo Chavez has allowed some entrepreneurs to be his allies, such as the president of Entrepreneurs for Venezuela (Empreven). Many of these entrepreneurs are taking advantage of opportunities arising from the spending of government oil revenues. But even those who do not have the chance or do not feel the urgency to develop cordial relationships with the state, are finding smart approaches to leverage scarce resources.
To read the full, original article click on this link: Venezuela s New Passion for Startups - Entrepreneurship.org
Author: Jonathan Ortmans
