Welcome to “Continuous Improvement,” the podcast where we explore personal growth, entrepreneurial journeys, and the pursuit of excellence. I’m your host, Victor, and in today’s episode, we’ll be discussing my recent trip to Chile and the valuable insights it offered. From the vibrant startup ecosystem to the concept of B-corporations, there was much to learn. So let’s dive in!

Chile’s startup scene left me in awe. Did you know that Santiago is the sixth-largest VC center in terms of capital raised? It’s a hub for launching businesses in Latin America, thanks to its proximity to major markets like Brazil and Argentina. From emulating successful business models to pioneering world-firsts, Chilean startups have made a significant impact. And with government support behind the growth of “Chilecon Valley,” the country’s startup ecosystem is thriving.

One conversation that struck a chord with me during my trip revolved around B-corporations. As someone passionate about social impact and sustainability, I was intrigued by the balance between social and corporate aspects. Speaking with the General Manager of a Venture Capital firm, we delved into the complexities of developing a long-term business model that prioritizes both profitability and positive social change. It’s a delicate balance that requires careful consideration.

Reflecting on my journey, I couldn’t help but notice the stark difference in entrepreneurial spirit between Chile and Hong Kong. In Hong Kong, most graduates seek secure jobs with a steady paycheck. In contrast, Chileans embrace risk, with only 12% being self-employed in 2008. The Chilean government has made tremendous investments in the Startup Chile program, aiming to diversify the economy and foster entrepreneurship. It’s remarkable to see how failure is viewed as an opportunity for learning and growth.

Inspired by my experiences, I’ve decided to apply for a one-year visa under the Startup Chile program. I’m eager to launch a company specializing in technical consultancy for non-profits. In today’s digital world, technology is essential for revolutionizing traditional industries, but many NGOs lack the resources to harness its potential. My goal is to help these organizations establish an online presence, reducing their cost per donation and amplifying their societal impact.

An MBA has always been my quest for finding that delicate balance between technology and business. Technology alone is just a tool; it requires a strategic blend of project management, cross-sectional skills, and scalability to solve real-world problems. And Chile offers a remarkable opportunity. With premium IT talent, ranking 7th worldwide in digitization, and 28% of service exports attributed to IT, establishing an IT consulting firm in Chile seems like a natural fit. Moreover, connecting with the vibrant startup community in Hong Kong can help create synergies and foster collaboration.

My journey to Chile has broadened my horizons, and I continue to seek answers, both for myself and for making a positive impact. Join me in the coming episodes of “Continuous Improvement,” where we’ll explore more entrepreneurial journeys, personal growth stories, and strategies for achieving excellence. Until then, keep striving for continuous improvement!

Thank you for listening to “Continuous Improvement,” hosted by Victor. If you enjoyed this episode, don’t forget to subscribe and leave a review. Stay tuned for the next episode, and remember, growth starts with the willingness to improve.