Puerto Rico needs new entrepreneurs due to the damage hurricane Maria left


Due to the storm that had happened back in 2017 by hurricane Maria firms are still trying to get back on track but does this mean they are finding people to fund them? 

For Puerto Rico-based entrepreneurs, whether they were locals or recent transplants who had set up shop in the island, the worst storm in a century proved to be the ultimate test in keeping and growing a business despite unimaginable setbacks

The island has improved since then but it is still trying to get back to how it was and this will take a lot of time and resources. The challenges start-ups have faced are huge as all the systems were cut down and they could not even use their systems. An accelerator program Parallel18 helped a lot in this as they had fiber internet and let entrepreneurs use their office. Tasks were mainly on survival how and where to get food, water etc. One has to be reminded that after the hurricane no resources were left, everything was taken away. Parallel18 is a global accelerator based in Puerto Rico where their goal is to create a new generation of local entrepreneurs that have a much bigger and brighter vision for the future. They helped in the survival of some companies and were there as support throughout the whole crisis. Now they are still going to help start-ups despite the fact that another hurricane might happen – only this time they will be more prepared for it all. Funding is not the only thing that can help entrepreneurs in Puerto Rico but even validation, support and help in rebuilding the company. Despite the tough economic situation, the executive director of the Puerto Rico Industrial Development Company believes that the opportunities outweigh the obstacles.

News article from where the content has been elaborated on
More information


Comments

Post a Comment

Popular posts from this blog

India needs to make effort to keep up with the US and China

India should be working towards boosting entrepreneurship as research shows how the country has moved to 58 th place out of 140 countries in World Economic Forum’s global competitiveness rankings. India has lots of resources that entrepreneurs can use and benefit from; so what is holding this country back? It's far from being perfect. I also think the very important indicator is that how long it takes to create business and you have some places today where it takes half a day. India is still in the middle class here.   The people should be educated more on leadership and entrepreneurial aspects. They should learn to create enterprise and how to take on new opportunities and make the big step. Looking at the technology sector, India still needs to improve and get updated with the latest technology as that is how the most innovative and powerful country is achieved. If governed well and pushed further by its leaders India can help build and sustain a genuine market economy...
Read more

The Law of Attraction

I am just going to cut to the chase that if you think becoming successful does not require hard work and effort then you will not be able to achieve all your dreams and goals to their highest potential. However, hard work and effort are just two things out of many that are needed to become successful. Today I will be writing about the law of attraction. This is a really powerful tool to get that motivated mind set going. I am a true believer of what you put out you get back so make sure your thoughts are focused on nothing but positive affirmations, visualising goals, being open to wealth and more. I know this is easier said than done as we have a tendency to focus on negative things and think about what we fear. This is called the unconscious mind which we think we have no control over but actually we do. Be careful what you think about and say as you never know they might just come true. Basically, the law of attraction is attracting the life you want and wish for. This might soun...
Read more