10 curious info about entrepreneurship in Mexico that it is best to know

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This text was translated from our Spanish version.

Opinions expressed by Entrepreneur contributors are their very own.

This text was up to date on September 15, 2021

We should always applaud and, for a second, acknowledge that in Mexico we’re doing issues properly. The fact is that there are increasingly more entrepreneurs searching for to make an impression within the nation. I want there have been many extra however for now I feel we’re heading in the right direction.

Immediately we see how the brand new generations start to have extra the entrepreneur’s chip than the chip of working for a corporation and this should be inspired with the whole lot.

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To all this, I used to be interested by how a lot information there’s about entrepreneurship in Mexico. The fact is that there’s not a lot, however listed below are some curious info that I discovered about entrepreneurs within the nation.

  1. 33% of entrepreneurs in Mexico are between 25 and 34 years previous .
  2. 1 in 3 Mexicans who wish to begin a enterprise don’t achieve this for concern of failure .
  3. 3 out of 10 entrepreneurs began their enterprise out of necessity. The remaining to hunt a greater life-style and development.
  4. 66% promote lower than $ 500,000.00 pesos a 12 months and 80% promote lower than $ 1 million a 12 months.
  5. 89% began with their very own or household cash vs 3% who acquired formal funding .
  6. 54% of those that begin a enterprise at the moment are single .
  7. 66% of entrepreneurs are males vs 34% ladies.
  8. 75% of corporations shut earlier than the top of the second 12 months.
  9. 14% of recent corporations receive earnings outdoors the nationwide market.
  10. 52% of companies are operated from residence / with out an workplace.

I feel all this offers us a good suggestion of the entrepreneurial panorama that exists at the moment in Mexico. Nevertheless, there’s nonetheless a lot to do. I’m satisfied that our duty as entrepreneurs is to continually inform and educate ourselves to lift the statistics and every single day to be a stronger group with larger impression.

As at all times, thanks for studying me and I await your feedback to have the ability to discuss.

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