Entrepreneurship in Honduras

Honduras is a very entrepreneurial country. People have to be that way if they want to survive. In the streets we will sell you everything, from cell phone and car accessories, to cell phone prepaid cards, entertainment (people playing with fire or doing tricks with a mice), those DVDs of movies that are still in the theaters. Stores will open (and close when failing) at malls and any place possible. Food it’s another common way to get an income or make a living. Tacos, “carnitas”, “baleadas”, everything will be sold, especially when clubs close for the night.

In High tech or ICT, there isn’t much going on. Yes we have programmers, web developer and designers doing from web pages and portals to accounting programs. But most of the it people are hired and don’t have the time or energy to start a veture on the side. Also any company works locally and nothing will spill over to the world as facebook, skype, and many other ventures had done. You will not find  vetures worth millions, especially when market is so small; our Internet penetrations is close to 5% (of 7.5 million).

So I was very happy when a friend showed me this post in CNET, about a social site call TuBabel. Tubabel is a social dictionary of “slang words” in Spanish. You see, Spanish unlike English has a lot of “slang” words in every country that is spoken. So it may be hard for a Mexican to understand a Colombian or a Argentinean to understand a Honduran. We just express ourselves in such a unique way, that yes we speak Spanish but our cultures are so unique that we transmit that through our language.

Honduras has its web 2.0 company generating some buzz and that is catracho cool.