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Understanding El Salvador’s Business Etiquette

Understanding El Salvador’s Business Etiquette

Starting a new business can be a challenging experience, especially when doing it in a foreign country. The clash of cultures can become an obstacle if you don't understand how people of different nationalities do business. Therefore, when incorporating a company in Central America, it is vital to understand and embrace El Salvador's business etiquette. Effective communication with a Salvadoran Effective communication is essential when trying to impress business partners in El Salvador. Effective communication is a key to understand El Salvador's business etiquette. When approaching Salvadoran people, don't be surprised if they talk about their friends, family and food as much as they talk about business. However, note that Salvadorans will openly express their interests and business objectives, so you must be clear and specific with your business goals, processes and requirements. Furthermore, you must keep constant communication. Salvadorans will want to talk about specific dates and details, once they have a general idea of the project they want to undertake. There are other effective ways in which you should communicate with a Salvadoran, these include: While shaking hands, use the appropriate greeting for the time of day: "Buenos días"(Good morning), "Buenas tardes" (Good afternoon), or "Buenas noches" (Good evening).El Salvador is a formal culture where only close friends and family use first names.It is important to refer to people by the appropriate honorific title (Señor or Señora) and their surname until invited to move to a first-name basis. Punctuality is key...

5 Tips for Following Business Etiquette in Ecuador

5 Tips for Following Business Etiquette in Ecuador

Gain key insight into business etiquette in Ecuador to integrate smoothly into the country’s commercial culture and make crucial inroads with clients and partners. When expanding your company to a foreign country, it is essential to understand local business etiquette and culture. According to the Hofstede analysis, Ecuador is very similar to other Latin American countries in terms of etiquette. However, there are some unique traits in Ecuador to keep in mind when conducting business. Understanding the values of your Ecuadorian partners builds a solid foundation for lasting work relationships. What influences business etiquette in Ecuador? Ecuador has a rich culture, history, and vast biodiversity. Ecuador is made of 4 geographical regions: the jungle, highlands, coast, and islands. Oil is the most important industry in Ecuador, experiencing a significant economic boost during 2007-2014 due to its production in this sector. The economy is growing to some level but it is a country that has experienced social, political, and economic challenges that impact the country's business environment.The majority of the population in Ecuador lives in the central regions of the country such as the Andes mountains or on the coast of the Pacific Ocean. In terms of demographics in Ecuador, it has 17,554,304 inhabitants, with the majority living in the center regions such as the coast or the Andes mountains. There are also about 100,000 American and 30,000 European expatriates living in Ecuador, many of whom moved to the country for business opportunities. The Labor Force Participation...

Business Culture and Etiquette in Costa Rica

Business Culture and Etiquette in Costa Rica

Starting a business in Costa Rica can be a great opportunity to explore exciting markets in one of the most attractive commercial jurisdictions in Latin America. With strong sectors, including the service industry, electronic components, and tourism, Costa Rica has a range of diverse markets that are of significant interest to smart foreign investors. However, as in any new country, it is necessary to have at least a sound knowledge about how the business culture works before entering the local marketplace. Business Etiquette in Costa Rica and the Central American region. While Costa Rica is a part of the Central American region and shares a lot of its culture and customs due to geographical proximity and shared history, there are points of differentiation that are important to each of the countries in the region. Despite similarities, it is important to treat every Central American country as unique. 'Tico' business culture in Costa Rica Ticos (Costa Ricans) are globally known for being friendly, peaceful and generally relaxed; such characteristics are also prevalent in the business culture. There is nothing Ticos appreciate more than modesty. Humility is one of the most important values when dealing with Costa Ricans and it directly translates into the business culture. While this doesn´t mean you can´t be proud of and talk up your business, it does mean that this should be done moderately. Do not exaggerate and try not to talk directly about how much you are making unless it is directly related and relevant to the business meeting. Doing business in Costa Rica - Be...

7 Important Business Etiquette Rules When Doing Business in Argentina

7 Important Business Etiquette Rules When Doing Business in Argentina

Like most Latin American countries, the same business etiquette in Argentina applies to it´s neighbors. Things like time flexibility, and developing close relationships before doing business can be applied across many Latin American countries. However, there are unique traits that make Argentina different from other Latin American countries which is due to its highly influenced European history. Unlike the rest of Latin America, 85% of Argentina's population comes from Italy, Austria, France, Germany and Great Britain amongst other EU countries. As a result, much of their culture and manners resemble the culture of varying parts of Europe. Keeping business etiquette in mind, Argentina is an up-and-coming country, with many business and investment opportunities available for both locals and foreigners. Argentinian Business Etiquette Here are a few rules to keep in mind in order to execute proper business etiquette in Argentina and to ensure successful negotiations and business partnerships. 1. Before sitting down to negotiate, be prepared to engage in small talk. Subjects can include soccer, the opera, family and current events. To start off on the right foot, avoid mentioning the Perón years and the Falkland Islands. 2. Although Argentinians are tough negotiators, establishing good relationships beforehand can ease the negotiation process. Don't be afraid to go out for lunch/dinner and attend family events to gain their trust and respect. 3. Argentina can be hierarchical and bureaucratic. It is important to have a good local contact to help you navigate the landscape and...

How Does Business Etiquette Function in Mexico?

How Does Business Etiquette Function in Mexico?

Using the appropriate business etiquette in Mexico will define your business partnerships and ultimately your business success. As Mexico continues to expand and prosper economically, a growing amount of investors and business owners are flowing into the country looking for new opportunities. When doing business in Mexico, it is important to use the right business etiquette to show respect and understanding of the local culture. This article will provide you with some tips on how business etiquette functions in Mexico. From market-entry, to company formation to closing business deals, it is essential to have a comprehensive understanding of the Mexican culture and how it affects business relationships.   Doing Business Etiquette in Mexico -Time Is Relative  Although punctuality is expected on your part, it is normal for Mexicans to arrive later than the set time of an appointment/meeting. Do not be offended by this gesture as the concept of time in Mexico is very flexible. The same applies to deadlines. When a date is set for a task to be completed, the date usually serves as a general target and can easily be moved over a few days, and in some cases, even weeks. Some foreigners actually find that this can be a point of strategic competitive advantage. Often, the services provided by foreigners are seen as more efficient than their local counterparts which can put them in a good position in the competitive marketplace.   Friendship Over Business Although you’re probably meeting your Mexican business partners to negotiate and close deals, you can’t lay your cards...

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