If you're looking to expand your business operations, or just work as an expat in a foreign country from your computer, there are several nearby destinations. You don't need to travel the globe in search of the right location for your business setup. Instead, you need somewhere you'll enjoy, that has beautiful weather, beaches, a lower cost of living, and makes it easy for a foreigner to open a business. That's exactly what you receive in Zihuatanejo, Mexico.
So, if you're looking for that right spot, it is critical for you to look into different locations and compare varying benefits important to you. Whatever you decide, the city of Zihuatanejo is worth checking out.
Zihuatanejo Mexico | Open for Business
The city of Zihuatanejo, Mexico is located on the southwestern coastline of the country. The city itself has taken over much of the tourist business from Acapulco, which is just to the southeast of the city. The location is known for its incredible fishing and aquatic life as dolphins and sea turtles call the area home.
While you're shopping around for a beautiful location to not only call home but also to start up a business, there's more than just a nice coastline and the number of tourists to consider when selecting the right center for your business operations. You need to know more about what makes Zihuatanejo such a desirable location to select.
- Fishing and Water Services
- Beach Services
If you're interested in opening any kind of fishing or water services business, you need to consider Zihuatanejo. The city is small, yet there is a bay on the coastline that helps bring in more aquatic life, which is desirable for nearly all water services businesses. If you're looking to open a tourist-friendly business such as a fishing or scuba diving charter, this is a fantastic destination for that. It's also great for a pastime in between work hours, for when you want to break free of the grind and enjoy your time.
The region is also known for some of the best sail fishing in the entire world, so if you have a passion for sail fishing or you're just looking for something new to try out, you'll find it right here. There are also excellent whale watching opportunities here if you have an interest in that.
Playa del Ropa is the main beach in the city. The name itself translates to "clothes beach," as this area served as a major textile importer and manufacturer. The bay is protected by rock formations, so it always has gentle waters and a picturesque view. This makes it a fantastic location for setting up any kind of beachfront services business you're interested in.
So whether you want to go big with real estate and set up properties here or you want to work with in-place vendors to sell your goods and services, Playa del Ropa is one of the main reasons you should consider Zihuatanejo as a possible business destination.
Why Do Business in Zihuatanejo?
When looking for a business destination you have your own personal desires for what a town offers. It likely depends not only on your business and what it does but also what you enjoy. You don't need to pick up your business practices and move to a random destination somewhere you don't enjoy. The city provides several benefits due to its beautiful location, but there are other reasons you should do business in Zihuatanejo as well.
Tourists Bring Infrastructure
Infrastructure is hit and miss in Mexico. The larger cities have the same amenities, utilities, and services as anything you find in the United States. Places like Mexico City and Guadalajara are as world-class as they come. However, smaller cities are a mixed bag. You need to know what each has before moving there.
With beach towns throughout, these locations bring in international and national tourists. This means money is generated outside the city and pumped into the infrastructure through taxes and other means. The improvements help boost the quality of the infrastructure, and Internet connections are faster here than in other non-tourist locations. The quality of roads is also better.
Cost of Business Is Lower
The cost of living in Mexico is lower than in the United States. It's possible to live, eat, and enjoy life for a fraction of what you might pay in the U.S., especially if you're moving from a larger city like Los Angeles or Chicago. The cost of living is also what makes opening a business here that much more desirable. If you hire employees, the average wages are far lower than anything you'll find in the United States. And even if you want to pay more to hire the best help and workers around, you will see a much larger return on investment from your employees than what you would find in the U.S.
If you're interested in going big with your business, such as the creation of a new factory, government regulations are not as strict in Mexico as in the United States. This means you won't have to spend as much money or suffer from massive fines based on how you manufacture goods. In the United States, especially if your business is in California, there are strict government requirements for you to follow. These requirements are eased up in Mexico, so you won't have to worry as much about the government and instead focus on your business.
Best Practices for Doing Business in Zihuatanejo
It is important to understand that business is different in Mexico than it is in the United States. That can also be said about any other international location you move to. There will always be variations in how work flows and what to expect, both with the location and with the employees.
Develop Personal Relationships
Money talks. That is the case just about anywhere. If you have enough money people will want to work with you. However, what if you're not flush with cash or don't have as much money as others? That doesn't mean you'll be left high and dry. It means you need to rely on personal relationships.
Mexico is much more family oriented than the U.S. and even most of Europe. Here you will discover a location that favors personal relationships much more than what you're accustomed to. Mexican residents want to work with people they trust and respect. Building a personal relationship is critical to successfully running a business in Mexico. So if you need to interact with locals and not just rely on your computer, you must focus on this personal relationship.
You're living in a foreign country. It helps to know the language. You don't need to be fluent in the language, but as long as you try to work on it, it will go a long way in your business practice. Mexican residents are more likely to work with a foreigner if they speak the local language. This goes a long way in developing personal relationships as well. So if you're eyeing any location in Mexico, now is the time to begin brushing up on those Spanish classes you took in high school.
Understand the Culture
There are long holidays in Mexico, especially around significant religious events such as Easter and Christmas. The Christmas holiday for many runs from Our Lady of Guadalupe Day, which is on December 11, and runs through Three Kings Day, which is on January 6. Yes, this is almost a month, so it is important to do most of your year-end work before the beginning of December.
As you grow your business, you need to avoid simple mistakes others have made before you. First, all business in Mexico is done in person. It isn't done over email or over a phone. You'll also need to make small talk. Ask about the family, sports, and whatever else is of interest. This builds your personal relationship. Take an interest in what they have to say. Often you will be offered a drink, such as coffee, but whatever the drink is never refuse it. This is seen as rude and it may end your business relationship before it starts.
Business meetings are slow in Mexico. With the amount of personal talk interspersed with business talk it will take longer and goes at a slower pace, but that's Mexico. Make sure dress to impress while doing business in Mexico. It shows you take pride in yourself and your business. You don't need to go over the top with fancy jewelry and other articles you'd never wear, but a nicely fitted suit, watch, subtle jewelry if you're a woman, and maybe one accent piece, is all you need.
When it comes to doing business in Mexico, there is much to gain. It is less expensive and you'll be able to get more done with fewer regulations. However, you need to know what to expect and how to go about your professional life, both in Zihuatanejo and in the rest of Mexico. As long as you prepare yourself, you'll be successful in any town you decide to settle in with your business.