Mexico:market and economy
Benefits:
Mexico is one of the largest countries in Latin America, with more than 120 million inhabitants. The country is rapidly growing economically, and thus entrepreneurs need to focus on starting their business in Mexico. Entrepreneurs can get the most intellectual and highly motivated partners in Mexico who can help them in establishing their business easily. Growing market and economy with over 120 million consumers help Mexico to become the hottest destination for business organizations who want to start their international business. The country also offers a large scale labor market where skilled and experienced people are working. Effective and well thought out trade agreements are the biggest achievements for the entrepreneurs and Mexico can provide all of them. The country is liberal, and it has a lesser amount of political issues. Mexico has low inflation which is the biggest plus point for the organizations.
Drawbacks:
The country is still facing problems in paying taxes which may be counted as the biggest drawbacks by the entrepreneurs. Mexicans have different views than North Americans regarding business establishments. Also, Mexicans have a very rigid culture which might create problems for the new entrants in the country. Mexican s view business differently and they never enter into the core business in straight away, and they start with something lighter trades. In Mexico, making construction permits is tough as the Mexican government has several complex rules and regulations for new construction. Corruption and improper administration is another drawback for starting a new business in this country.