Developing Business in a Third World Country

James Cammilleri on Developing Business in a Third World Country

Starting a business is a difficult task that is made even more difficult when you are doing it in a third world country. Depending on the business you are starting, there are several major factors to consider. James Cammilleri, co-founder of Elevating Christian Ministries (ECM), an organization dedicated to feeding children in Haiti, spoke with us to go over the key things you need to know before you start developing your business in a third world country.

Struggles Facing Third World Countries

It is impossible to generalize business conditions in developing countries, as they vary greatly from country to country. For this reason, James Cammilleri suggests doing in-depth market research prior to investing in business in a third world country. It is not only necessary to find a market and demand for your product or service, but necessary for identifying different opportunities.

Identify the Problems

Understand the Culture

You will also want to consider finding a local partner to navigate the cultural, political and financial challenges you might face. For James Cammilleri, ECM teamed up with the locals, many of which now run their operations and bread program in Haiti. Building on this, it is important to learn the regulatory and legal processes of the country you aim to do business in, such as labor laws, to protect yourself and your future business.

James Cammilleri hopes that you take into consideration these points if you plan on developing a business within a third world country.

More on James Cammilleri on LinkedIn and Elevating Christian Ministries.

Co-founder of Elevated Christian Ministries focusing on providing infrastructure and food to communities in Haiti.

Co-founder of Elevated Christian Ministries focusing on providing infrastructure and food to communities in Haiti.