7 businesses I would put in Canoa, Ecuador right now

Disaster breeds opportunity.

The ying and the yang, there is a positive side to everything if you look for it.

This fact has became particularly clear to me since I started investing in currencies online (more on that soon).

But particularly since the earthquake last April, here are 7 businesses I personally would consider putting in Canoa (if I had the time to do so).

1. Rentals- So I’ve heard from sources on the ground, since the quake acceptable American-quality rentals are few and far between.

2. ATM- Everyone I know who lives in Canoa complains there is no ATM, solve this problem somehow and you will be rewarded.

3. Coffee shop- A good one with inside and outside tables, right on the ocean, with WiFi and good pastries, yea, I’d like to see something like that here (think Sweet and Coffee).

4. Liquor store- with ample selection of both foreign and local liquors and wine plus a whole bunch of other hard-to-find edible goodies like thai curry powder, Heinz ketchup, etc.

5. Late night street food, but something different (like a taco bus)– Right now the late night options are limited to average hamburgers on the street, shwarma (kebab), and pizza (moan).  How about a taco stand or pita pit, that’s what I’d put.  Add hot dogs and you can appeal to the local crowds too!

6. Chinese food (Chifa)- According to sources, no Chinese in town currently, could be a big hit with both locals and foreigners.

7. Bathrooms/showers on the beach- Especially since the quake pretty much non-existent.  Def. a need.

So, what are you waiting for? Give it a go!

Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,

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Earthquake rebuild update from Canoa, Ecuador

This week I had the pleasure to chat with a friend that has lived since June of last year in Canoa, Danial Turner (not a property owner there).

He said he’s noticed a lot of changes in the picturesque town of Canoa, Ecuador on the north Ecuadorian coast which happens to be one of the hardest hit towns by last years April quake.

Hard to get an official count, but many agree about 30-40% or more of the town’s buildings came down.

According to Danial, he said Canoa is rebounding nicely, with a lot of vacant lots where buildings/houses used to be.

No more tent cities now as was the case when he arrived in June of last year.

He said the enormous government project which was going to occupy a whole city block on the beach has now been nixed. (Thank God.)

He said basic services are now fine, electric and water outages are rare, and the town even has city sewage treatment, a service most places on the Ecuador coast lack (they use septic tanks).

Carnival last weekend, normally a holiday weekend that produces a packed house for the town, was underwelming but not bad.

Many businesses have re-opened like the Surf Shack, an expat mainstay, where they have gringo nights on Tuesdays and he himself cooks on Thursdays (Danial is a retired world-class chef).

Friday night try the Suki bar where they have a new cook from England who is doing a great job.

He said there is a big new grocery store in town doing well also.

And that many of the condos owned by expats to the south of town have been repaired and are occupied once again.

He said security is not an issue as a big gringo he has not had any incidents and that the waves are still as good as ever!

He said tourists and expats have started to trickle back but still not coming in the numbers they were before the quake.

Big, new construction projects are still generally non-existent. Sounds like the big money is still spooked.

So next time you’re in the area give Canoa (one of my favs) a shot! You’ll be glad you did.

Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,

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The 1 hardest thing for a nice guy doing business in Ecuador

I’ve got a confession to make, I’m a nice guy.

If you’ve ever met me you know, kinda short, kinda soft-spoken, generally nice.

And being nice in a place like Ecuador isn’t necessarily a virtue, it’s a handicap.

But I’ve done pretty good here economically (so far) in spite of it.

As I covered earlier this week, Ecuadorians are GREAT people, but it’s a bit more animalistic down here during conflicts, they have to see it in your eyes you mean business, they have to taste it, or they’ll try to walk all over you.

You can’t rely on the police as much to have your back.

Specifically, in the businessworld in Ecuador (a country where negotiation is common), the biggest challenge for me as a nice guy is to hold firm on my price when people ask for discounts. Especially when I really want to sell. Sometimes I’ve even found myself discounting before people even ask. As a nice guy you want to be accommodating, but that’s a big no, no!

​​​​​​​You have to value yourself and what you’re doing.

Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,

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