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Entrepreneurship In Mexico

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Entrepreneurship In Mexico

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Entrepreneurship In Mexico

  1. 1. text here text here IN MEXICO ENTREPRENEURSHIP
  2. 2. Market Overview Market Overview -Mexico is the most populated Spanish speaking country in the world - Mexico has a population of over 120 million people. -It offers a large market with a GDP of approximately $1.33 trillion. The North American Free Trade Agreement (NAFTA), which was enacted in 1994 and created a free trade zone for Mexico, Canada, and the United States, is the most important feature in the U.S.-Mexico bilateral commercial relationship. -Mexico is the United States’ 3rd largest trading partner and 2nd largest export market for U.S. products.
  3. 3. Market - A B U N D A N T M A R K E T O P P O R T U N I T I E S F O R U . S . F I R M S E X I S T I N M E X I C O ; T R A D E I N G O O D S A N D S E R V I C E S T O T A L S A L M O S T $ 1 . 5 B I L L I O N A D A Y B E T W E E N T H E T W O C O U N T R I E S . Opportunities - Some of Mexico’s most promising sectors include: agriculture; agribusiness; auto parts & services; education services; energy; environmental; franchising; housing & construction; packaging equipment; plastics and resins; security & safety equipment and services; technology sectors; transportation infrastructure equipment and services; and travel & tourism services.
  4. 4. - To do business in Mexico it is key to develop and maintain close relationships with clients and partners. MARKET ENTRY STRATEGY To do business in Mexico - Mexican companies are extremely price conscious, seek financing options, tend to desire exclusive agreements, and value outstanding service and flexibility. - Mexicans prefer direct communication such as telephone calls or face-to-face meetings. However, e-mail is widely used.
  5. 5. texthere texthere Dress Codes - Mexicans dress as meticulously as possible, regardless of social class and income level. - In Mexican business culture, most men wear conservative suits and ties in dark colours. - In some sectors, most notably high-tech industries, junior executives may dress more casually or less expensively. - in Mexico femininity is strongly encouraged in women’s professional attire. - Standard office attire for women includes dresses, skirted suits, or skirts with blouses. - In casual settings, women usually wear a skirt or a pair of stylish pants. women in Mexico dress to accentuate their feminine attributes, and usually wear more make-up than their US counterparts Urban Life.
  6. 6. IN BUSINESS - Unlike in some working cultures, wher e one is often judged by the strength of one’s handshake, in Mexico a moderately firm grip will suffice. - keep in mind that Mexican men are friendly, and will often initiate physical contact H A N D S H A K E S - After a handshake they will usually exchange an abrazo, a kind of bear-hug with several hearty pats on the back. - Withdrawing from an abrazo or a physically affectionate gesture is considered rude. - Women will often pat each other on the forearm or shoulder, and if they are particularly close, they will hug or kiss each other on the cheek. - Also, courtesy dictates that women initiate handshakes with their male counterparts.Withdrawing from an abrazo or a physically affectionate gesture is considered rude.

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