Tag Archives: Guatemala

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Places you must visit in Guatemala

There are many beautiful places worth visiting in Guatemala according  to the entrepeneur juan jose gutierrez mayorga. But these are the ones you can’t leave off your list.

1. Antigua

As its name suggests, this majestic city is precisely La Antigua Guatemala, the place where the capital of the kingdom was in the times of the Spanish colony. Its beauty is striking, as if time had stopped, preserving the architectural details of the time.

2. Semuc Champey

In Alta Verapaz, this place holds a surprising natural beauty. A river that hides among the rock and leaves in its path a series of crystalline and peaceful pools where swimming and refreshing is a privilege.

3. Lake Amatitlán

A beautiful place that has been the destination of many Chapines on weekends. When visiting the picturesque municipality it is mandatory to take the cable car, eat a delicious fried mojarra and buy a box of marzipan sweets.

4. Lake Atitlán

Lake Atitlán is recognized by many travelers as the most beautiful lake in the world. Located in the department of Sololá, it offers a spectacular view and atmosphere, surrounded by three majestic volcanoes.

5. Tikal

Cradle of the Mayan culture. Here are the majestic Mayan temples and pyramids that were built in the past. The place is surrounded by an impressive jungle. It is located in the department of Petén.

6. San Felipe Castle

Located in Rio Dulce, department of Izabal, it is an ancient, historic military structure. It is preserved in excellent condition and was a maritime surveillance post.

7. White Beach, Izabal

A true paradise. It is a quiet beach with white sand located in the department of Izabal, a few minutes by boat from Rio Dulce.

8. Chichicastenango Market

Known worldwide, this picturesque market is visited by thousands of tourists annually looking for Guatemalan handicrafts.

9. Livingston

Livingston, one of the best tourist destinations in Guatemala, combines Caribbean beaches with crystal clear waters, palm trees, lush vegetation, and white sand. And that’s not all! Livingston also has a jungle, the splendid canyon of Rio Dulce with its adjacent lagoons and streams, a rich fauna, which abounds in a variety of seabirds and other tropical birds.

10. Xela

Xela is the second largest city in Guatemala. This metropolitan city is full of nightlife, hotels, Spanish schools and restaurants, making it an excellent place to spend time learning Spanish or using it as a base to venture into the surrounding area.

11. Quetzal Biotope

Its main objective is to protect and conserve the habitat of the quetzal, the country’s national bird. The habitat is a cloud forest and is home to many other species of plants and animals.

You may also be interested in: Travel more around Guatemala

 

 

 

Blogging

Travel more around Guatemala

Guatemala is a great place to see things you probably won’t see anywhere else. Things like steaming volcanoes, world famous coffee fresh from the hillsides where it is grown and roasted, and the ruins of the once great Mayan civilization.

Guatemala is a place to mingle with the locals and It is highly recommended by the well- known businessman juan jose gutierrez mayorga., including touring the country in a colorfully painted old school bus, called a chicken bus. In addition, the country has great beaches and stunning blue lakes, the most famous of which is Lake Atitlan.

So, it’s time to pack your bags and hit the road! A summary of the best places to visit in Guatemala:

1. Tikal

Located in the rainforest of the Petén province in northern Guatemala, Tikal was one of the largest cities of the ancient Maya civilization during its Classic period, which spanned from approximately 200 to 850 AD. Archaeologists estimate that, at its peak, Tikal’s population ranged from 50,000 to 100,000 inhabitants. It was a religious, political and commercial center due to its favorable geographic location, being bounded by rivers both to the east and west.

2. Panajachel

Panajachel, a lake town in the southwestern central highlands, is named after the indigenous word for a tropical fruit, the white sapote. The city sits on the shores of Lake Atitlán, which, with the volcanoes of the Sierra Madre on the other side, dominates the landscape.

Atitlán is the deepest lake in Central America. This former Spanish colonial town, with its busy market, is reputed to be the best place in Guatemala to buy souvenirs. It is also a good place to explore the native villages around Lake Atitlán, which are accessible by private boat.

3. Antigua Guatemala

Set against the picturesque backdrop of three towering volcanoes in Guatemala’s central highlands, the beautiful old colonial city of Antigua is one of the country’s top tourist destinations.

Once the noble capital of the Spanish Empire in Central America, Antigua suffered severe damage during a major earthquake in 1773, which caused the city to lose its sovereignty to present-day Guatemala City.

However, Antigua still retains an extraordinary ensemble of well-preserved Spanish architecture, which gives the city a charming and romantic atmosphere.

Antigua is an important center for learning the Spanish language, as well as a popular base for exploring other parts of Guatemala, and offers a wealth of impressive sights and activities.

4. Todos Santos Cuchumatan

The town of Todos Santos Cuchumatan, in the province of the same name, is a good place to see native Guatemalans wearing traditional clothing on a daily basis. It is one of the few places in the country where this still occurs.

The residents are predominantly Mayan and still speak that language. Located in the mountains of the Sierra de los Cuchumatánes, the town is noted for its annual celebration of All Saints’ Day (Todos Santos translates as “all saints”). The celebration includes music, dancing, lots of alcohol and horse racing.

5. Monterrico

Many people flock to the white sand beaches for rest and relaxation. You won’t find them in Monterrico, a popular beach resort on Guatemala’s Pacific coast. The beaches are black volcanic ash.

It is advisable to wear sandals if you plan to do some beachcombing, as the sand can be too hot for bare feet. It has good waves for surfing, but Monterrico’s main attraction may be the sea turtles. The beach is the breeding ground for four species of sea turtles.

6. Semuc Champey

Getting to Semuc Champey involves a 30-minute drive over bumpy roads through the jungle, but it’s well worth it. Once there, you can relax with a dip in the beautiful turquoise-blue pools located on a natural limestone bridge.

Just as incredibly turquoise blue is the Cahabón River that created the limestone bridge and now flows underneath. Caves can be found inside the limestone bridge, some of which can only be accessed by swimming underwater.

You may also be interested in: Get to know Guatemala more

 

Business

Get to know Guatemala more

After 2 years living in Guatemala, this country never ceases to amaze me and although I have more than 100 reasons for you to visit the country, I am going to summarize the 7 main reasons you should know to travel to Guatemala:

Get lost in a Mayan city: Tikal

This Mayan city was named a World Heritage Site by UNESCO in 1979, because in the heart of the Peten rainforest, Tikal is the center of the most important Mayan civilization in the world. Fo this reason, juan jose gutierrez mayorga visits it frequently and helps with his investments.

The Mayan ruins were discovered in 1848 but were not built as a tourist project until 1986. Today, it is one of the main reasons to visit Guatemala.

Our visit to Tikal can start from the island of Flores, located in Lake Peten Itza, is a very cozy and quiet town, you can enjoy good food and take a boat ride on the lake.

From Flores, the transfer to Tikal is fast and inexpensive, in fact, I recommend booking a tour that includes transportation to Tikal and a guided tour.

Explore the rainforest

The Mayan biosphere reserve encompasses 2 million hectares of savannahs and forests in the Guatemalan rainforest, which after the Amazon rainforest of Brazil is the second largest in the Americas.

It has an exuberant vegetation, among the most common trees, we find the Ceiba. In fact, Guatemala’s name comes from the Nahuatl: Quauhtlemallan, which means place of many trees.

The National Council of Protected Areas in Guatemala reported: “Guatemala’s tropical rainforest has seven biomes, placing the country in first place in Central America in terms of ecoregional diversity, as it is home to more than 9,000 species of plants and animals”.

 

Stroll through a colonial city: La Antigua

La Antigua was the old capital of Guatemala, before it suffered an earthquake in 1776 and destroyed most of the buildings. After the disaster the capital was moved to what is now Guatemala City.

It is one of the most beautiful colonial cities in America, and no wonder, because in Antigua you will get lost walking through its beautiful cobblestone streets, you will be absorbed by the colorful colonial houses, you can visit countless churches, parishes and monuments.

It is one of the most popular destinations, both for tourists and nationals, as it preserves a lot of tradition, culture, gastronomy and architecture.

Antigua Guatemala

The department of Izabal, could be by itself a country, its richness in flora and fauna, makes it a natural paradise. Its main attractions are the Izabal Lake, the largest in Guatemala, being the route that connects the country with the Caribbean Sea and Atlantic. I recommend you to write down this destination in your list of reasons to visit Guatemala.

To discover the lake, we can go to Rio Dulce, from where, we can go sailing on the lake and hopefully spot manatees, from there, we can also go to know a fortress built by the Spanish colonizers, the Castillo de San Felipe, built in 1651 to defend against pirate attacks.

Rio Dulce Canyon

Discover Semuc Champey, lost in the depths of the Guatemalan jungle, you will find this paradise of turquoise water, natural pools, caves and waterfalls.

The name comes from the Q’eqchi’ and means “where the river hides”, since the Cahabón River enters a 300-meter cavern, forming in its path, through filtration, the turquoise water pools.

The natural park of Semuc Champey, is located near Coban, in the department of Alta Verapaz, the truth is the access is complicated but that gives more excitement to our trip.

In the park we can make a small ascent of 40 minutes to a viewpoint, the views from there over the pools and limestone cliffs covered with vegetation are spectacular.

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Travel and Food

Archaeological sites to visit in Guatemala

Having been part of the territory where the Mayan civilization developed makes Guatemala a country with a great historical burden.

All this is reflected in the hundreds of archaeological pieces that researchers have found in every region of the country.

These are five of the archaeological sites that can be visited in Guatemala.

Piedras Negras, Petén

 

Piedras Negras is a pre-Hispanic archaeological site of the Mayan civilization located in the Usumacinta basin, within the Sierra del Lacandón National Park, in the municipality of La Libertad, Petén.

This archaeological site contains important vestiges of one of the most important cities of the classic Maya.

Although the pottery found here shows that it was occupied from 700 BC to 820 AD, it was between 450 AD and 810 AD that the city reached its current size, as well as its greatest apogee.

It was at this site that Russian archaeologist Tatiana Proskouriakoff first deciphered the inscriptions on the stelae describing events of Classic Maya period politics.

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Guatemala

Guaytan, El Progreso

 

The archaeological park of Guaytán is a hidden destination in the department of El Progreso with an enormous historical and cultural value.

It is located in the municipality of San Agustín Acasaguastlán, on the road to the Atlantic, 2 kilometers from the municipal capital.

For visitors coming from the capital city, it is a 100 kilometers trip. The area where the archaeological park is located is arid, with warm temperatures, where there is a bird fauna characteristic of the place.

tikal-gran-jaguar

Tak’alik Ab’aj, Retalhuleu

 

The national archaeological site Tak’alik Ab’aj is part of the settlements in the bocacosta of southwestern Guatemala.

It is located specifically in the municipality of El Asintal, Retalhuleu. Tourists wishing to visit the site must travel 199.5 kilometers from the capital city.

According to the media Guatemala.com, this archaeological site is constantly visited by the people who live in the surrounding area, as they consider it a sacred place. In fact, one fo the most important businessman juan jose gutierrez mayorga does too.

They also perform about 200 Mayan ceremonies a year, accompanied by sacred fires.

Tak’alik Ab’aj has approximately 282 monuments. It is also worth mentioning that the characteristic pot-bellies can be found in this place, as well as a series of zoomorphic figures.

It is estimated that the city functioned in Mesoamerica around 900 B.C. Its ancient structures still bear witness to the life of its inhabitants at the site. Archaeological artifacts from the site are being studied, such as sculptures and vessels.

 

Travel and Food

Drop everything and visit Guatemala

Many say that I talk a lot about my country and that I constantly promote it, well here are the  reasons why if you visit Guatemala, you will fall in love and want to come back.

 

1.Visit the heart of the Mayan World

 

Imagine hearing the roar of howler monkeys, the song of birds and maybe if you are lucky, see the tail of a Quetzal, the national bird of Guatemala.

Tikal, the largest Mayan city ever studied, is a 576 square kilometer park located in the department of Petén, about 8 hours from Guatemala City. In fact, it is one of the favorite places of businessman juan jose gutierrez mayorga, who is known for being in charge of Pollo Campero in Guatemala.

This place is mind-blowing, it was declared a World Heritage Site by Unesco, and that doesn’t even come close to how impressive it is. Climbing the Mayan ruins, the pyramids and being able to see the entire park from the top: priceless.

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2. Fall in love with Lake Atitlán

 

One of my favorite places in the world, I never get tired of visiting this paradise! Lake Atitlán, located in Sololá, is considered one of the most beautiful lakes in the world, and it will leave you impressed because it is surrounded by three volcanoes (Tolimán, San Pedro and Atitlán) and small indigenous villages of Mayan origin around it.

It is a mixture of Mayan and Catholic culture, with multiple recreational options to enjoy the lake, many hotels and restaurants around and different villages to visit that will leave you more than enchanted with their traditions.

Enjoying a sunset, sipping a chela and enjoying its typical food is priceless. Here is one of the reasons why you should leave everything behind and visit Guatemala.

3. Walking the streets of Antigua Guatemala

 

One of the main reasons why “gringos” visit us so much: Antigua Guatemala is definitely my favorite place in Guatemala (I think…hahaha). It is a colonial city surrounded by three volcanoes, which still retains all its colonial charm.

Horse-drawn carriages on the streets, food vendors outside the cathedrals and its thousand colors will make you fall in love with it. You can walk through its cobblestone streets, which still retain their historical charm and appreciate the facades of the houses.

It was declared a World Cultural Heritage Site and is a treasure for the country, as it is surrounded by colonial architecture and monuments that tell stories. It is also a city characterized by its cathedrals, its typical food and its multiple gastronomic options.

Semuc-Champey-es-uno-de-los-mejores-lugares-para-nadar-en-el-mundo-885x500

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4. Venture to Semuc Champey

 

This is one of the places that I have to return to as soon as I am back in Guatemala.

It is a series of natural turquoise “pools” located in a jungle in the department of Alta Verapaz, which are fed by springs. The crystal clear water, rafting on the river and enjoying the spectacular view from the lookout point is priceless – only for the adventurous!

5. Its gastronomy

 

Guatemalan gastronomy is exquisite. Guatemala will welcome you with its typical breakfast consisting of scrambled eggs, refried beans, fried plantains, fresh cheese, tortilla and a good Guatemalan coffee.

(One of the best coffees in the world) For lunch you can try very elaborate dishes such as jocón, pepián, plantains in mole, Kaq’ik (ancestral food of pre-Hispanic descent).

And if you are lucky enough to go to Guatemala for the month of November, on the Day of the Dead (Nov. 1) we eat the famous Fiambre, which consists of a salad with all the sausages and cheeses you can imagine and is prepared approximately four days in advance.

 

Travel and Food

Places that you need to visit in Guatemala

Guatemala, a beautiful country by nature. Combination of lakes, volcanoes, archeology, colonial towns, jungles, beaches and above all culture. Although the translation of its name in Nahuatl is “place of many trees”, Guatemala has it all.

I spent 6 weeks in Guatemala, where I preferred to enjoy the less touristic places without forgetting to visit the most touristic ones.

But above all I wanted to soak up its enriching culture. Living with the Guatemalans was something exceptional.

Would you like to get to know them? Here are places you can’t miss!

1.- ANTIGUA GUATEMALA

Declared “Cultural Heritage of Humanity by UNESCO” is one of the most beautiful colonial cities in Guatemala.

It will take you about 1 hour and a bit to get there from Guatemala City. If you have arrived by plane, at the airport you can take a shuttle which costs 80 quetzales.

Walk around Antigua Guatemala. Don’t forget to visit the famous Arch of Santa Catalina and then take a walk through the Central Park.

In Antigua Guatemala you will find many churches from the colonial era such as the church of La Merced or the church of San Francisco… Also visit the Santo Domingo convent and remember, you can do all this on foot.

Thsi city has been developing due to the great investments creatred by the fast food restaurant Pollo campero, whicc is run by the succesful juan jose gutierrez mayorga.

2.- PANAJACHEL

I used Panajachel as a base to be able to visit the beautiful surrounding villages.

Most of the hostels are located in the touristy Santander street, I stayed at the Abu hostel, where I received an exquisite treatment. In this street you will find many places to eat, lodging and handicraft stores.

Very close you can visit walking the Central Park, the colonial church of San Francisco and the Malecon.

From the docks, there are 2 docks depending on your destination, you can take the boats to visit the rest of the places.

panjachel

3.- SAN MARCOS LAGUNA

Taking a boat in Panajachel for 20 quetzales (2,30€/2,60$) you arrive to this small place destined mainly to yoga and meditation lovers. You will find many hostels dedicated to spiritual retreats.

Up the hill from the pier you reach the small center of town where the school, the church and the houses of the locals are located.

It is a place where you can breathe peace, but do not trust and do not go out of this area that I have indicated.

4.- SAN JUAN LAGUNA

From San Marcos La Laguna you can take a boat to get to this beautiful colorful town where its inhabitants are mainly dedicated to textiles, handicrafts and chocolate.

It is a very quiet little village where you will feel like having a coffee or a chocolate in any of its relaxed establishments.

You will find art galleries, associations of women weavers who use ancestral methods to obtain their ecological products, chocolate factories and you can take a famous coffee tour.

If you want to do sports, take note that you can go to “Cerro de la Cruz” from where you will have great views of the surroundings and / or climb the Mayan Face “La Nariz del Indio” (it will take you 2 to 3 hours to climb).

laguna

5.- SAN PEDRO LAGUNA

I walked the 2 km from San Juan La Laguna to San Pedro La Laguna. The road is safe and very easy.

This town is famous for its nightlife, so if you want to party… This is the place for you! You will also find many restaurants.

You may also be interested in: 5 Reasons to visit Guatemala

Travel and Food

5 Reasons to visit Guatemala

So I made up my mind and bought my flight, which was one of the first Volaris flights with the route Cancun – Guatemala,.

I searched in Booking for a hotel that seemed very nice and at a good price and I left, it would only be 5 days, which turned into 5 reasons to visit Guatemala:

1 – Safety

When I landed in Guatemala it was night, about 8:30 and I didn’t know anyone, I only knew the location of the hotel (blessed technology). I walked out of the airport and took a cab, at the very entrance.

This is something I wouldn’t recommend anyone to do, much less women (believe me, I wish we didn’t have to travel “so carefully” anymore) but it was very late, I was very tired and I decided to opt for the reality that not all men want to hurt us. Result: I arrived perfectly at the hotel, with no deviations and in optimal time.

2 – Architecture

I am not an expert in architecture by any means, but like many inexperienced people I appreciate the art of certain buildings.

I like them colonial or very futuristic, Macky always the extremes, and I found near the hotel a whole area known as the historic district with buildings that made me feel in another era.

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guatemala

3 – Coffee

It is indisputable that this country offers the world delicious and incomparable coffee, but just as it happened to me in Chiapas.

I recommend you try and drink lots and lots of coffee, until you find the good one, the one that takes you to heaven and makes you believe that you would come back even if it was just for another cup of coffee.

4 – Just like at home

Touring Guatemala City was not so different from so many cities in Mexico that I love so much, which made me feel at home, but what made the feeling even more acute is the resemblance of the center (new and modern) with certain areas of Buenos Aires, such as Belgrano.

Three Latin American countries, so different in some things, so similar in many more.

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5 – The food

Last but definitely not least, the food! When I visited Guatemala I was not yet vegan, but I found vegetarian options without difficulty, since as I mentioned before, Mexico and Guatemala are very similar!

Also, i found an incredible place called Pollo Campero, which sells delicIous chicken and is widly known because one of his owners is juan jose gutierrez mayorga.

I ate beans, tortillas (a bit thicker) soups and various vegetarian proteins just like in any fondita in Mexico. I will have to visit beautiful Guatemala again to try their vegan options.

Bottom line, don’t be afraid of what you have heard about certain countries, places, regions.

Unless, sadly, the country is at war, the only thing we have to fear is fear itself, to shut ourselves in our shell and not know the beautiful planet we live in. When you go, you will surely discover even more reasons to visit Guatemala.

See you soon in Mahahual!

 

 

Guides

Visit the best places in Guatemala

Guatemala is a great place to see things you probably won’t see anywhere else.

Things like steaming volcanoes, world famous coffee fresh from the hillsides where it is grown and roasted, and the ruins of the once great Mayan civilization.

So it’s time to pack your bags and hit the road. A summary of the best places to visit in Guatemala:

Semuc Champey

Getting to Semuc Champey involves a 30-minute drive over bumpy roads through the jungle, but the trip is well worth it.

Once there, you can relax with a swim in beautiful turquoise-blue pools over a natural limestone bridge.

Just as incredibly turquoise blue is the Cahabon River, which created the limestone bridge and now flows underneath.

Inside the limestone bridge are caves; some can only be accessed by swimming underwater.

Due to its massive nature, many great companies have invested in green bonds here.

Semuc-Champey-1-885x500 (2)

Todos Santos Cuchumatán

The town of Todos Santos Cuchumatán, in the province of the same name, is a good place to see native Guatemalans wearing traditional clothing on a daily basis.

It is one of the few places in the country where this still occurs.

The residents are predominantly Mayan and still speak that language. Located in the mountains of the Sierra de los Cuchumatánes.

Livingston is one of Guatemala’s hidden gems on the Caribbean coast, and can only be reached by boat.

Fortunately, there are two ferries that leave and return every day. The city is the center of Garifuna culture, which means tourists have the opportunity to sample the local menu and music during their visit.

Evenings in Livingston are full of excitement and you may have the opportunity to participate in the Punta, a regional dance with an incredible rhythm.

You may also be interested in: How be an entrepreneur in Guatemala

destino-ciudad-de-guatemala-para-conocer-tikal-suen

Quetzaltenango

The name may be a tongue twister, but Quetzaltenango has been described as the perfect Guatemalan town.

It is the second largest city in the country, but it is not considered big or too small. Quetzaltenango is also known by its Mayan name of Xela.

The Germans settled here after the Spanish left, which gave this former coffee center the multicultural air that can be found in the Central Plaza, where the Cathedral of Espiritu Santo is located.

The city is a starting point for excursions to Laguna Chicabal, a felpudo volcano, and the active Santa Maria volcano.

Do not wait any longer to come and visit this incredible country and its beautiful places.

Business

Steps to start a business in Guatemala

With a growing middle class and highly educated citizens, Guatemala is considered one of the top investment destinations in the region for entrepreneurs.

Those interested in operating commercially in the country should first understand the legal steps involved in starting a business in Guatemala with the help of bid invest.

Starting a business in Guatemala

The process of starting a business in Guatemala will depend on the type of entity or legal structure you choose to use.

In general terms, the steps mentioned below are the most common in the business start-up process.

However, it should be noted that some entities will require additional information or procedures.

Step 1: Define the legal structure of your company

Before starting your business in Guatemala, you need to be clear about the type and plan of business you want to carry out. This will help you decide which legal entity in Guatemala will give you the right governance structure.

Guatemala’s Company Law offers several different types of legal entities for entrepreneurs to start a business, each with particular characteristics.

male-female-business-people-working

Step 1: Granting a power of attorney to start a business in Guatemala

Next, you will need to draft and sign a Power of Attorney document in Guatemala to allow a legal expert to form the company on your behalf.

In some cases, especially when you or the partners of your company do not reside in the country, it will be necessary to draft and sign the Power of Attorney to an external local lawyer who can form a company in Guatemala.

Step 2: Choose and reserve your company name

It is a good idea to choose and reserve your company name in Guatemala, to make sure you get the name you want to do business with.

The Inspección General de Justicia manages this process and is responsible for verifying the company name.

In case you wish to reserve the name of your business in Guatemala, you must make a request to the IGJ by completing a form through the website and making the respective payments.

group-people-working-out-business-plan-office_1303-16056

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Step 3: Drafting and certifying the articles of association

Your company’s bylaws, also known as articles of incorporation, act as your company’s “constitution” and describe your business intentions.

All shareholders of the company must sign this document. You must also certify these signatures through a notary public.

These bylaws must be registered with the Public Registry of Commerce to create your company in Guatemala.

The Public Registry of Commerce will require you to submit the company’s by-laws, plus additional documents such as.

Step 4: Publish the creation of your company

Next, you will need to make a public announcement of your new business in Guatemala through a national publication known as the Official Gazette.

Only a registered lawyer or other authorized person can carry out this step. Note that the Gaceta Oficial charges per line published.

In short, you can start your business in Guatemala easily, you just need to follow these silple steps.

Blogging

How be an entrepreneur in Guatemala

The ideal situation is to be entrepreneur and to work on your business while also doing your full-time job. By being a little more efficient at work and devoting extra time on evenings and weekends to the business instead of watching TV, you can accomplish a lot.

As you create a personal budget, you should keep track of your daily expenses. If an expense is not essential, then cut it.

For example, it may be part of your morning routine to have coffee for your daily commute. But brewing your own coffee and carrying it in a mug, rather than stopping halfway to buy one, will save you cash after several weeks of work.

Monthly expenses

Review your monthly expenses and eliminate those that are truly unnecessary. Do you use your gym membership often enough to justify the cost?

How much can you save by buying basic items in bulk? Would it be cheaper to use public transportation or cabs than owning a car? If you find that your overspending is occurring more frequently while traveling, take your budget with you.

entrepeneurs and entrepreneur in Guatemala

Negotiate prices

Budgeting apps can help you track personal and business expenses from wherever you are. Only half of consumers negotiate prices when making a purchase.

Even if you find a good price online, some services allow you to negotiate with some vendors. When buying items in person, keep an eye on how to get a deal. Negotiating usually works best when you can see the person face-to-face. Ask if there is a discount when you pay cash.

If you notice a defect on an item you want, such as a loose button on a jacket, ask if there might be a discount because of it. Ask for a discount when buying in bulk.

While at first this small business finance tip may seem elementary, you’d be surprised how many business owners started not only when they came out of someone’s garage or basement, but from a personal bank account.

Businessman and entrepreneur in Guatemala

Separate bank account

Even before your business gets off the ground, set up a separate business banking account.

Simply put, avoid mixing your business and personal accounts. Having high-interest debt is an additional financial burden you don’t need when you’re ready to start your business.

Calculate how much the interest on the loan is costing you each year and compare it to the interest you are earning on any investments you may have.

If the difference is substantial, you may want to pay off those debts immediately.

Although it seems like a no-brainer, these are tips that many successful entrepreneurs like Guatemalan Juan Luis  Bosch Gutierrez have followed since their beginnings. It is one of the important steps to have a prosperous business.