If you’re an American business owner looking for new opportunities, then Mexico is an exciting location to consider right now!
There are several thriving industries in Mexico that you may wish to expand into, as well as a number of emerging markets to be explored.
The following are three potentially good areas for investment and new business opportunities in the country. These could prove to be good options for your business interests right now or over the coming years.
Electronics
The export of electronics from Mexico to other countries is already big business! One of the main reasons for this is that electronic items can be purchased at a relatively cost-effective price in this country and then sold on in other parts of the world for a profit.
Whether you are interested in exporting computers, mobile phones, home appliances, or something else entirely, the right opportunity could be waiting for you in Mexico.
Organic Coffee
Mexico has long been leading the way when it comes to organic coffee. Far from just being enjoyed locally, organic coffee products from Mexico are also widely exported to the US.
American interest in Mexican-grown coffee is not a new concept, but there are still many exciting opportunities for new business relationships. The majority of organic coffee exported from this country originates from small family-owned farms. Most of these farms are located in Chiapas and Oaxaca, close to the Guatemalan border, and are generally under 25 acres in size. It is estimated there are nearly half a million of these farms in the country overall.
With the vast array of small, local coffee farms in Mexico, there are countless exciting opportunities for American investors.
Boutique Hotels
If you are more interested in opening a business in Mexico itself, the hotel industry can be a lucrative choice. Although the tourism and hospitality industries have taken a hit over the last 12 months due to the coronavirus pandemic, these sectors are set to bounce back over the next few years.
Now could be the right time to open a boutique hotel in the country or to purchase an existing business and to make it your own.
The advantage of opening a boutique hotel, as opposed to a hotel that is part of a chain, is that they are smaller and have unique selling points.
Your boutique hotel can be designed in a way that matches your interests, ideas, and style. This personal touch can be a very satisfying part of owning and running a business.
Business Opportunities in Mexico
Mexico is a great destination to consider for new business opportunities, with a wide variety of different avenues to explore.
Over the last few years, the Mexican government has been keen to attract new business interest in the country. The government has notably been developing its infrastructure in order to support expansion and to succeed in a global market.
Data shows that Mexico is on track to become the 7th largest economy on the planet over the next 30 years, highlighting that now is a prime time to invest!
