FlavioMaluf is President of the companies that comprise Eucatex. Flavio Maluf is a successful businessman with his finger on the pulse of the business world. He notes there appears to be a slowdown in Brazil’s economy, especially with respect to the agriculture sector.
Agriculture’s GDP, along with livestock, fell by 2.6% in the first quarter of the year compared to the same time last year for Brazil. Part of the lag is due to demonstrations staged by truck drivers for ten days. Even ten days can affect the economy.
The truck driver’s strike also affected corn, coffee, and meat from reaching its destination in a timely fashion. Soybean production fared well as the country produced a record harvest of 119 million tons. 2017 was a very productive year for harvests and agriculture. This period outpaced the previous year of 2016 by nearly 19%.
Even though Flavio Maluf was born into wealth and a political dynasty, he was able to build an empire on his own. He had the right backing and support, but he brought his own hard work and dedication to bear. Success happens because the right foundations are in place, no matter the circumstances. It has led him to where he is today. Follow Flavio Maluf on Twitter.
He started out wanting to be a mechanical engineer, and graduated from the Armando Alvares Penteado Foundation. Obviously, he has a mind for science and mathematics. His desire for business and to be an entrepreneur inspired him to take over the family business.
As a successful businessman, he cautions people to proceed with caution when starting their own business. Many people assume that owning a business means less work and greater income. Unfortunately, that is not always the case. Growing a business takes time and commitment. It also takes a lot of sacrifice.
People also assume that staring a business always requires a lot of money. Fortunately, that is not always the case. Some businesses require very little money to start. Success is not always about working hard either—much has to do with being able to work smart. Business owners must also be able to identify and capitalize on opportunities. Brazil has an exceptional person in Maluf to champion its cause.