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5 mistakes every expat should not do before starting a business in Mexico

Starting a business is thorny and starting it at a new and unknown place gives you a tough time. If we are only talking about an expat living in a new country, he/she has to take care of every single thing, and doing a business there must be a very challenging decision. Same as other countries, Mexico has different culture and norms. They have their unique styles to run their businesses.
There is a simple rule to live and work at any place that you should be aware of their lifestyles as well as their business or working ways. The Same law goes for Mexico.It’s a fact to start anything new or business must bring some hurdles. And along with that, you must have the enough knowledge to setting up a brand new company.
Mexico gives lots of chances to start a business there. But they check entrepreneur from every possible way like how much consistency he/she has, patience, living style, preferences, working style, attitude towards work and so on. Mexicans value their relationships so they want the same from the entrepreneur. They expect the proper planning from entrepreneur and settle deals in person. It is very significant for everyone to be careful about each single detail to do anything. Here we will confer about 5 mistakes that every expat must avoid to start up a business in Mexico.
1.      Do not be Frightened to Fail
The major mistake is to have the fear of failure. This is the key component of success. Failures make man perfect. Do not get fearful of such start-up failures and be consistent in your work. As many famous personalities like Bill Gates, Steve Jobs, Einstein failed much time but they did not give up and lastly, they succeeded.
So you will also get success from your failure, just be patience. Work on your business report very carefully. Mexicans are very close to their people so they prefer what and how an entrepreneur can benefit their country and facilitate their people.


2.      Do Avoid Unsuitable Gesture
Do not throw document on a table. Mexican people consider this very rude and aggressive behavior. If you want to distribute documental papers give them one by one in their hands.
Making an Ok sign is another bad behavior in Mexico. They label this is a vulgar gesture. If you are not sure any gesture then do avoid this in public. However, you can get help from a reliableMexican friend about this or you can Google it.
3.      Do Not Misinterpret Your Market
One of the biggest mistakes is to get the wrong idea about your market. Before starting any business you should plan who is your target audience. This will lead you towards success if you follow that path.  So without knowing your target audience making a business plan will damage your career. This is the major mistake entrepreneurs do. Avoid this mistake for the sake of your start up business.

4.      Do not Challenge their Cultural Values
Mexicans follow politeness and manners strictly. These are the key ingredient for them. When you are in Mexico, do follow their culture.Mexicans men use hugs to greet one and another. Women kiss each other on their cheeks. This is their tradition. If they ask you anything to drink (mostly coffee), just have it, otherwise, they take this gesture as an insult.
5.      Do Not Believe That You Know It All:
This is the gigantic mistake that destroys your business simply.  Never ever think that you know everything, just because you have expertise in your business as it will ruin your new business. There is everything new for an entrepreneur. You cannot take everything in such a way that you used to take it in your own country. In a new country, you should learn their ways of business.
Above we have converse such mistakes that can ruin your career before it will get the start.

Summary

Every country has its own rules and regulation. An entrepreneur should learn the ethics and customs of the state if he/she wants to establish a new business there. Do stay away from the aforementioned 5 mistakes before preliminary any business in Mexico and apply their tactics to run any of your business. These strategies will not only help you to start a business and earn you money but this will satisfy your soul and renown you in their country. Entrepreneurs set examples so if you want to be one of them, pull your socks up to put yourself out.  

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