Mexico is preparing to become one of the 10 largest economies in the world by 2025, according to Citi Wealth Management Latin America. Without a doubt, one of the driving forces that will accelerate this growth are those people who dare to start businesses in Mexico.
The Study on Business Demographics , conducted by INEGI in 2023, indicates that from May 2019 to May 2023, 1.7 million new businesses were created in the country, but 1.4 million closed. What is the reason for this failure? Is it easy or difficult to start a business in Mexico ? What are the best businesses to start in Mexico in 2024? The whatsapp number answers to these and other questions about entrepreneurship in Mexico can be found in this text.
We only ask one thing of you: open your mind, forget the myths about entrepreneurship and let your creativity flow.
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Is it difficult to start a business in Mexico?
The million-dollar question has an answer that you may not like so much: it depends. Broadly speaking, Mexico is a country where there are many facilities for entrepreneurship , from a privileged geographic location, to a large number of initiatives - both from the government and private - that support entrepreneurs to grow their businesses.
In fact, according to data from El Economista, 72% of jobs in our country are generated by SMEs (small and medium-sized enterprises).
So why do we say “it depends”? Well, there is also a high percentage of businesses that fail. The main causes, according to the 2023 Entrepreneurship X-ray in Mexico were.