And as certain as this uncertainty is we have no other option than to learn how to manage it and deal with it. But how do we do it? Some online research can provide you good and specialized materials on this subject. As a basic guide let’s review some basic points for this process.

First of all there are three points you need to interiorize:

1. You need to accept that change is happening and that you cannot stop it but rather need to be willing to deal with it;
2. You need to open your mind to be in an “always ready” mode, so you can adapt to change; and
3. You have to be willing to take action.

The whole process of managing uncertainty has to be understood as an strategic foresight exercise to figure out how to think about the future and its uncertainties. Here are some ideas about this process:

• Know your factual situation. You have to identify the factual points of your situation so that you know which are the factors on which your actions will need to take place.
• Identify as many possible scenarios as you can. While you cannot know what is going to happen you can think about the different situations that you may be facing regarding your personal situation, business or investment.
• Think possible solutions. Analyze your possible scenarios and think about the actions you would take to face them. Keep in mind that in some cases bailing out or taking actions to minimize loses may be part of the solutions to take.
• Eliminate obstacles. As a consequence of the three previous steps, define those actions that you can take to make your possible solutions more feasible. For instance, if you are in the process of selling a property, make sure you have at hand the corresponding zoning certificate, water availability letter, taxes compliance document and all of those items that will ease up your possible solutions.

Most of all, be always monitoring your situation and your environment so that you can constantly update your possible scenarios and solutions.

Written by Randall Sanchez

Randall Sanchez is an Attorney and Notary Public, founder and managing partner of the Sanchez and Associates Law Firm, based in the Southern Pacific Zone of Costa Rica. His practice is focused in real estate transactions and development and corporate law, to which he has been dedicated for 32 years.

The post Managing Uncertainty appeared first on Costa Pacifica LIVING.

The decision to stay was easy for me as the tropical waters, surf, and lifestyle in Costa Rica was a dream come true for me, and at such a young age. After a few years of working locally I recognized the opportunity, and growth potential of what Costa Rica offered, especially along the Ballena Coast. So I dug my feet in and opened my own business in real estate. Soon after it all came full circle, and I met my best friend, and life partner, my wife, Vanessa. 

The sense of community, family, and the locals are my favorite part of life in Costa Rica. My wife comes from an amazing family of nine brothers and sisters, and I love the feeling of being part of a such a big family. Over the years I have also grown very close to many local families that work with my company or whom are just friends/family now that we spend lots of time together enjoying what Costa Rica has to offer. 

Family is the glue that keeps life together.

Costa Rica can be filled with many challenges from banking to getting your kids to school in the rainy season, but we have become accustomed to working through any of the challenges that are tossed at us as a family. Nowadays, most of those challenges have become a lot easier due to the growth along the coast. 

After 20 years of living along the Ballena Coast my family and I look forward to meeting new families and supporting new businesses opening. Being big foodies, we are super excited about the new local cuisines opening in the area. Seeing our small towns grow in a managed and sustainable manner is amazing. The introduction of new families has created a community unlike no other. The atmosphere throughout the coast attracts like-minded individuals from around the world, we are proud to take part in the multicultural community that has and continues to develop.

Written by Daveed Hollander

After arriving in Costa Rica in 1996, Daveed began his real estate career by co-founding Dominical Realty. In 2001, the company obtained an independent franchise, and by 2004, they partnered with another Coldwell Banker franchise in Costa Rica to become the President of the Master Franchise for the entire country of Costa Rica. Daveed and his wife Vanessa have two children, Ethan and Zoe, and enjoy they their family time at the beach, surfing has become a family passion!

The post Family Ties appeared first on Costa Pacifica LIVING.