Student Finds New Business Opportunity While Studying Abroad in Yucatan, Mexico

Via NJ.com - When studying abroad in Mexico, student Christian Wagner "sparked an idea that has become an experiment in international business and a boon to the Yucatan economy."

Drawing on Mexico's culture, he obtains hammocks made in Yucatan and then crafts chairs that use the handcrafted hammocks. If the business is successful, he may continue selling these chairs. Take a look at the article for some inspiration, what a great idea! I hope he sees some success in his initiative, and if not, he's already gained valuable business skills that cannot be taught.

Ideas for initiating a business in Mexico

If you travel to Mexico frequently on business, you may have considered relocating there to start a business of your own. If you're ready to test your entrepreneurial skills, Mexico may just be the place for you. Gringos in Paradise offers the following ideas for those looking to relocate to Mexico and start a business.

• Start a Bed & Breakfast in Mexico: Many American expats run successful bed and breakfast hotels and villas in Mexico. 
• Fill a Local Market Niche: Look for what's missing. What services are Americans familiar with that just don't exist in Mexico? Think of a way to bring it to Mexico.  
• Open Businesses to Serve Other Expats: Think about ways to help other expats moving to the country, such as starting tax and property management services.
• Work as a Freelance Consultant: Are you a seasoned photographer or journalist? Take your freelancing skills abroad and set-up shop in one of the most gorgeous places on Earth. 

World Bank Calls Mexico Easiest Latin American Country in Which to Run a Company

Looking to start a business in Mexico? According to the World Bank's 2011 Annual Report, Mexico is the easiest Latin American country in which to run a company. The report, called "Doing Business in Mexico," provides financial details on items like starting a business, protecting investors, and getting credit. It also includes procedures for how to set up a business in Mexico.

World Bank Group: Starting a Business is Easy in Mexico

According to the World Bank Group's research on doing business in Mexico, the country ranks particularly well when it comes to getting credit, starting a business, dealing with construction permits, and protecting investors. These critical elements are good to note for those trying to initiate a company south of the border.