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

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10 curious facts about entrepreneurship in Mexico that you should know

This article has been translated from our Spanish edition. The opinions of entrepreneurs’ contributors are their own. This article was updated on September 15, 2021

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We should applaud and acknowledge for a moment that we are doing well in Mexico. The reality is that there are more and more entrepreneurs who want to make a difference in the country. I wish there were many more, but right now I think we are on the right track.
Today we see how the new generations begin to have the entrepreneur’s chip more than the work chip for a company and this must be encouraged with everything.

Deposit photos

With all of this, I was curious to see how much data there is on entrepreneurship in Mexico. The reality is that there isn’t much, but here are some curious facts I found about entrepreneurs in the country.

  1. 33% of entrepreneurs in Mexico are between 25 and 34 years old.
  2. Every third Mexican who wants to start a business doesn’t do so for fear of failure.
  3. 3 out of 10 entrepreneurs started their business out of necessity. The rest to seek a better lifestyle and growth.
  4. 66% sell less than 500,000.00 pesos per year and 80% sell less than $ 1 million per year.
  5. 89% started with their own or family money versus 3% who received a formal investment.
  6. 54% of those who start a business today are single.
  7. 66% of entrepreneurs are men compared to 34% women.
  8. 75% of businesses close before the end of the second year.
  9. 14% of the new companies generate income outside of the national market.
  10. 52% of businesses are run from home / without an office.

I think all of this gives us a good idea of ​​the entrepreneurial landscape that exists in Mexico today. There is still much to be done, however. I believe our responsibility as entrepreneurs is to keep ourselves informed and educated in order to improve the statistics and be a stronger community with greater impact every day.
As always, thank you for reading me and I am waiting for your comments to speak.

Author: admin

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