In episode #53, Eric Farber and Hunter Miranda discuss the complexities of doing business in Latin America, particularly in the context of political turmoil, the influence of cartels, and the challenges of compliance with U.S. regulations. The hosts explore the risks associated with hiring independent contractors and the importance of understanding local laws and practices. The discussion emphasizes the need for thorough preparation and awareness of the unique challenges that come with international business operations.

Takeaways:

Nobody ever asked me how I'm doing.

People are worried about hiring in Latin America due to political issues.

Cartels are a common concern when hiring from Colombia.

Colombia has a more stable government structure than the U.S.

The drug cartels are becoming more sophisticated in their operations.

Corruption can sometimes facilitate business operations.

U.S. regulations impact how businesses operate in Latin America.

Being organized in business processes is crucial for success.

Did you know cartels could be secretly controlling jobs and money in Latin America? Find out how in the content of our episode.

Chapters:

00:00 Navigating Stress and Success in Business

01:14 Understanding Political Turmoil in Latin America

03:05 The Reality of Cartels and Business Operations

05:51 Challenges of Anti-Money Laundering Regulations

09:45 The Impact of U.S. Policies on Latin American Business

12:51 Key Considerations for Hiring Overseas

About the show:

Hire Smart helps business leaders build teams that scale smart and stay strong. Hosted by Eric Farber and Hunter Miranda, the show offers actionable insights into hiring, company culture, and leadership in the age of rapid growth and AI-driven transformation.

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