Nicaragua: Business Development Project
For the past three weeks, a team of four MIIS graduate students on the west coast has been working remotely with Spark on an intense amount of research, in what is quickly growing to be the foundation of blue prints for a social enterprise that we’ll be developing with our second partner, Las Tías. Among many, some of the main things they’ve been looking at include Nicaragua’s recent history and current context, targeting sectors with the fastest economic growth, and assessing business opportunities along with their potential challenges.
Many important questions arise. Some of the big ones have to do with the target industry and its projected growth, the risks involved, type of customer the business will seek to attract, and whether it’ll be a business that offers services or products for domestic use- or whether exports should be considered.