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.

Business Size
# of
Businesses
1-4 Employees
3645
5-9 Employees
1410
10-19 Employees
1050
20-49 Employees
465
50-99 Employees
180
100-249 Employees
90
250-499 Employees
45
500-999 Employees
15
1000+ Employees
0
All Mexico Businesses
6900

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.

Business Type
# of
Businesses
Aircraft Manufacturing
1
Automotive Glass Replacement Shops
1
Automotive Parts and Accessories Stores
6
Beauty Salons
7
Beer, Wine, and Liquor Stores
1
Boat Building
1
Bowling Centers
1
Car Washes
1
Carpet and Upholstery Cleaning Services
2
Cemeteries and Crematories
1
Child Day Care Services
8
Civic and Social Organizations
3
Commercial Lithographic Printing
1
Commercial Screen Printing
1
Consumer Lending
4
Continuing Care Retirement Communities
3
Copper Rolling, Drawing, and Extruding
1
Credit Unions
2
Discount Department Stores
1
Dog and Cat Food Manufacturing
1
Drinking Places (Alcoholic Beverages)
3
Electric Power Distribution
4
Electrical Contractors
2
Electronic Shopping
2
Elementary and Secondary Schools
3
Emergency and Other Relief Services
1
Ethyl Alcohol Manufacturing
1
Exam Preparation and Tutoring
1
Facilities Support Services
1
Family Clothing Stores
1
Farm Supplies Merchant Wholesalers
1
Fine Arts Schools
1
Finish Carpentry Contractors
3
Fitness and Recreational Sports Centers
2
Flooring Contractors
1
Freight Transportation Arrangement
1
Full-Service Restaurants
9
Funeral Homes and Funeral Services
2
Furniture Stores
2
General Automotive Repair
4
General Medical and Surgical Hospitals
1
Gift, Novelty, and Souvenir Stores
3
Grantmaking Foundations
2
Hardware Stores
1
Hobby, Toy, and Game Stores
1
Home Centers
1
Home Health Equipment Rental
1
Homes for the Elderly
1
Household Appliance Stores
4
Industrial Valve Manufacturing
1
Insurance Agencies and Brokerages
15
Internet Service Providers
1
Janitorial Services
2
Jewelry Stores
1
Kidney Dialysis Centers
1
Landscaping Services
4
Limited-Service Restaurants
8
Linen Supply
1
Livestock Merchant Wholesalers
1
Machine Shops
2
Mail-Order Houses
1
Manufactured (Mobile) Home Dealers
1
Masonry Contractors
2
Meat Processed from Carcasses
1
Medical Laboratories
1
Mortgage and Nonmortgage Loan Brokers
1
Motor Vehicle Towing
1
Museums
1
Musical Instrument and Supplies Stores
1
New Car Dealers
1
Nursing Care Facilities
3
Office Administrative Services
1
Office Supplies and Stationery Stores
1
Offices of Certified Public Accountants
6
Offices of Chiropractors
2
Offices of Dentists
6
Offices of Lawyers
6
Offices of Podiatrists
1
Offices of Real Estate Appraisers
1
Optical Goods Stores
1
Painting and Wall Covering Contractors
2
Pet and Pet Supplies Stores
1
Pharmacies and Drug Stores
4
Photography Studios, Portrait
1
Portfolio Management
2
Professional Employer Organizations
1
Radio Stations
1
Ready-Mix Concrete Manufacturing
1
Real Estate Credit
2
Residential Property Managers
1
Residential Remodelers
3
Securities Brokerage
2
Security Guards and Patrol Services
2
Septic Tank and Related Services
1
Shoe Stores
1
Siding Contractors
2
Sign Manufacturing
1
Site Preparation Contractors
3
Solid Waste Collection
3
Soybean Processing
1
Sporting Goods Stores
2
Sports and Recreation Instruction
1
Temporary Shelters
1
Textile Bag Mills
1
Tire Dealers
2
Tobacco Stores
1
Travel Agencies
1
Used Car Dealers
2
Used Merchandise Stores
1
Veterinary Services
2
Video Tape and Disc Rental
1
Vocational Rehabilitation Services
1
Wholesale Trade Agents and Brokers
2
Wired Telecommunications Carriers
3

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.

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