Companies decide "let’s launch in Latin America next year." And I get the instinct, because it feels like one big market with one shared language, plus Portuguese for Brazil. But treating it as a single block is usually the first mistake. The region is roughly twenty countries with different buying power, different cultures, preferences, different rules, different Spanish, and very different reasons a customer would pick you. The problem is sequencing. Companies often choose their first market on gut, or on wherever they happened to find one contact, then pour the budget in and wonder why the numbers don't move. A market that looks obvious on a map can be brutal on the ground once you factor in payment habits, import rules, government policies, or how much local trust your category needs before anyone buys. I'd actually correct the usual advice here. It's not simply "go where the biggest population is." Size without fit is a trap. A smaller market where your product genuinely solves a felt problem, where you can support customers in their own Spanish, and where getting paid isn't a headache, will almost always beat a huge market you're not ready to serve properly. So before the map and the flags, I'd get honest about a few things. - Where does your offer actually fit the local reality, not the pitch-deck version of it? - Which market can you support in-language from day one without stretching the team to breaking? - And where can money move cleanly enough that a sale is really a sale? There's also a timing cost people underestimate. Every market you enter teaches you something, about pricing, about support, about what customers actually complain about, and that learning compounds. Enter three at once, and you learn three shallow lessons while burning three budgets. Enter one, and you learn it deeply enough to carry into the next. Pick one. Learn it properly. Earn the right to the next one. The companies that win the region rarely win it all at once. They win one market so well that the second is easier, and the third easier still.