Essential Tips for Going into Business in Mexico

July 8, 2011 § Leave a comment


This article in Troy Media, written by an experienced entrepreneur in Mexico, Brad Donovan, President of Spirits Trading International, makes an excellent case for opening a business in Mexico. He gives some great entrepreneur business ideas for those interesting in starting a business in Mexico and Latin America.

“To understand Mexicans, to live among them and see how they operate is fascinating.”

Read more about why, here.

 

 

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Intellect vs. Tenacity: What Makes a Successful Entrepreneur?

July 8, 2011 § Leave a comment


Watch this inspiring and very interesting video on what other traits, besides the obvious smarts and willingness, successful entrepreneurs have in common, from the eyes of a bright, leading entrepreneur.

5 Tips to Balance Business and Family

July 5, 2011 § Leave a comment


This CNNExpansion article, in Spanish, recounts the experience of an entrepreneur who was starting a business in Mexico, and how his unsuccessful life/work balance brought problems…here I offer a list of important things to keep in mind when opening that first small business.

Mexico’s Strategic Advantages (via Manufacture in Mexico)

June 21, 2011 § Leave a comment


As we all know, the maquila industry has been growing at a rapid pace over the years. With Mexico’s proximity to the U.S. and NAFTA, there are abundant reasons to believe that Mexico will be an international center for business and industry growth in the years ahead. Here is a great read on what opportunities Mexico presents companies of all shapes and sizes.

Manufacture in Mexico Larger companies and their suppliers have found great opportunities in Mexico: lower wages, proximity to the US and equally enthusiastic promotion by the Mexican government… Read More

via Manufacture in Mexico

Mexico’s Street Vendors Go Solar

June 20, 2011 § Leave a comment


Now street vendors in the Mexican city of Oaxaca are using less gas to cook and more sun. These new energy systems aren’t cheap but with so many sunny days in Mexico, it seems as though it will be well worth it.

From Reuters:

Dec 20 – Roadside food vendors in Mexico’s Oaxaca are re-fitting gas-powered food stalls with solar technology. It’s all thanks to efforts of a Swiss solar cooking pioneer who wants to change the world one street cart at a time. 

Growing Middle Class in Mexico

June 8, 2011 § Leave a comment


From The Catalyst:

Latin America is not currently a middle class place; the average size of the middle class for the Latin American region is 36.%, data from 2005. But Mexico, along with only three other Latin American economies has a large middle class. According to Cárdenas, Kharas and Henao from Brookings Institution, Mexico is and will be even more, a middle class country.

“The implications of this description for investment and policy decisions are important. A buoyant middle class represents not only a link between it and the economic effects of consumption and growth. Middle class also focus its importance on values typically associated with this socioeconomic group, such as democratic attitudes, entrepreneurship, hard work and the importance of education. According to the Brookings study, these values, it is often argued, are crucial for the development process.”

For more an even more in depth view of this conversation that has been going on for years now, visit http://www.businessweek.com/magazine/content/06_11/b3975071.htm.

Chrysler will introduce 16 models to Mexico

June 6, 2011 § Leave a comment


According to Mexican Business Web,

By the end of 2011, the automaker Chrysler plans to introduce in the Mexican market at least 16 new models and position again in domestic sales.

In an interview, the director of marketing and advertising of the brand, Javier Padilla, said that recovery is underway, after 20 months seeking the support of the U.S. government, as well as strategic partners because of the global economic crisis.

He recalled that the brand has already begun to position as leader of the SUV’s on the market, with average sales of its model Journey of 1,200 units per month, and a significant growth of the Grand Cherokee.

As part of this strategy, Chrysler already introduced to the Mexican market the 2011 Grand Cherokee, the Durango, Chrysler 300, the new Journey and derived from its partnership with Fiat Group, the new Fiat 500 which is manufactured at the plant in Toluca, State of Mexico.

He noted that today in Chrysler Mexico expectations ‘are high’, so that 2011 is an important year for the assembly plant, because of the celebration of 70 years of Jeep, one of its leading brands.

Even in the first four months of 2011, Chrysler de Mexico was ranked fourth in sales with a share of 9.6% and the selling of 26,487 units.

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