Missouri Business Startup Guides
Start a Business in Mexico, Missouri
Are you starting a business in Mexico, Missouri? This article discusses the most important things to consider when opening a business in Mexico.
Are You Sure You Want to Do This?
Running your own business is demanding, and can be orders of magnitude more strenuous than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Talk to other entrepreneurs in Mexico. Ask them candidly what it's like to run a business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Mexico, Missouri Demographic Information
Mexico has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Mexico demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Mexico.
Businesses
As a new Mexico entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Mexico for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
Businesses
Is Franchising a Better Option?
Visit the business district of Mexico and it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
We highly recommend you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Detecting Franchising Scams. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Representative franchise opportunities include American Dairy Queen Corporation and Surf City Squeeze. Alternatively, you can browse franchise categories, such as Ice Cream Franchises and Pest Control Franchises.
Note on Mexico Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Mexico.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
On a final note, given that you are starting a business in Mexico, it's critical that you ensure that no other Missouri company is using the business name you want to use.
Startup Financing Basics
Getting your Mexico business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. In fact, financing your new business may be the hardest challenge you ever face.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Only Idiots Send Venture Capitalists Business Plans.
For Mexico entrepreneurs who need startup capital, check out our List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.
Advancing Your Entrepreneurial Skills
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
With your business being located in Mexico, Missouri, you will want to take advantage of the many programs available at nearby Missouri universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Mexico entrepreneurs.
Next Steps
As an entrepreneur in Mexico, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Mexico businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Mexico, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Mexico, Missouri
Here are more links that we believe will help you be successful in starting a business in Mexico.
- Resources for Mexico, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Mexico entrepreneurs.
- Missouri Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Missouri.
- Missouri Small Business Development Center - Missouri Small Business Development Center business specialists are uniquely qualified to help small businesses get started, develop and thrive.
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