What is Entrepreneurial Finance and Why Do You Need It?
Could your new business idea use some outside capital to take your big idea off the ground? Both small businesses and large ventures can benefit from having a financial expert who has specialized in entrepreneurial finance. Entrepreneurial finance is the process of gaining capital and making financial decisions for a new business or start-up. It’s also the study of resource allocation and value, helping entrepreneurs determine how much money needs to be raised and how much can be raised. An expert in entrepreneurial finance will also look at whether or not a...
Benefits of a Customized Excel Bookkeeping Template
Accounting software like QuickBooks is great for small business. You can track your expenses, manage cash flow, and create invoices. But what if you had a tailored Excel bookkeeping template specific toyour businesses needs? The financial experts at Costa Consultants can build out your very own personalized financial statements, including all links/formulas you can use to update your books. Don’thave time to do your monthly bookkeeping? We can do that as well! What some people don’t realise is accounting is different from finance. Accounting is daily operations, bimonthly or weekly expenses,...
Our Favorite Things To Do in July at Guanacaste Beaches
It may be low season, but there are plenty of things to love about July in Guanacaste. Not only does the parched land of the tropical dry forest get some much needed moisture and turn everything green, but the beaches and restaurants aren’t as busy as they were during the high season from December to May. At Guanacaste beaches, we don’t let a little rain get in the way of a good time. There are still plenty of things to do in the low, or green, season, especially around the Flamingo...
Marina Flamingo on Schedule to Bring Prosperity to Costa Rica’s Gold Coast
With the development of the new marina, the Flamingo and Potrero area will become a world class destination for yachters, sport fishers, and vacationers alike. The huge development, said to reach $50 million upon its completion, is expected to have a tremendous impact on the economy of the surrounding area along the North Pacific Coast of Costa Rica. [caption id="attachment_4501" align="aligncenter" width="1060"] Photo by TamCam Media of Marina Flamingo during renovations[/caption] Construction Project of Marina Flamingo After several years of planning, five of which were spent waiting to consolidate the concession, Phase One of...
Pros and Cons of AirBnB Vacation Rentals in Costa Rica
Thanks to its uncrowded beaches, abundant nature, and friendly locals, Costa Rica has quickly become a hot vacation destination. Investors in vacation properties are reaping the benefits, but what does this mean for the local economy and should you invest? Pros and Cons of Owning a Vacation Property in Costa Rica Short term vacation rentals in Costa Rica have a strong return on investment. Well maintained and properly marketed rental properties generally gross 18 to 25 percent on average. However, short term rentals can have a negative impact on people living in...
Entering a New Marketplace: Expanding or Opening a Business in Costa Rica
Are you looking to expand your business into Costa Rica but don’t know where or how to start? At Costa Consultants, we can help. From Hacienda tax to Costa Rica labor laws to creating a business plan to helping you find a location and hire staff, our consultants can help with every aspect of opening a business in Costa Rica and even finding investment opportunities in Costa Rica. Register a New Company in Costa Rica An international business consulting firm based out of Costa Rica, Costa Consultants was established in 2015 by...
Why Do You Need a Business Plan?
Starting a new business is always a gamble. It can cost you a lot of time and money, not to mention stress on you and your family. That’s why it’s so important to consider vital information before diving into a new venture, such as why do you need a business plan and whether or not you have the necessary funds in place for success. What is a Business Plan? A business plan is a written document with proper SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). Pair this with financial projections, and you...
How to Work From Home in Costa Rica
The lockdown created a lot of remote workers. Once many of us realized we can work from home we figured why not? Well, it can be tough to find that crucial work-life balance when your work life IS at home. It’s not only the pandemic helping people find remote work. Some places are making it easier for digital nomads with incentives like cheaper, faster Wifi and home offices in their Airbnb’s and other short term rentals. Countries like Costa Rica have created a new incentive for remote workers with a new...
What You Need to Know About Buying and Selling a Costa Rica Business
From beach bars to Air B&B’s, owning a business in paradise has its appeal, but what does it really take to buy and sell a Costa Rica business? MLS Costa Rica does not exist, so finding a business for sale can be tougher than what you will find in more developed locations. Also, determining the actual worth of an existing business, including whether or not there are concessions on the property, needs to be looked into carefully before proceeding with any purchase. Buy a Business If you are looking to buy a Costa...
Living Life Through a Pura Vida Lens
Being born and raised in rural Tennessee, I’m no stranger to nature. In fact, I love it. I can’t stand the hustle and bustle of a big city. I want to be able to wake up and hike through the mountains or jump in the warm ocean and start my day by putting my health and spirituality before money and income. And I am lucky to have exactly that where I live in Costa Rica. I am a 5 minute drive to the Las Catalinas trails overlooking the Catalinas islands,...