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10 curious facts about entrepreneurship in Mexico that you should know

Did you know that 14% of new companies obtain income outside the national market and that more than half of entrepreneurs are single?

This article was translated from our Spanish edition. Opinions expressed by Entrepreneur contributors are their own. This article was updated on September 15, 2021

We should applaud and, for a moment, recognize that in Mexico we are doing things well. The reality is that there are more and more entrepreneurs seeking to make an impact in the country. I wish there were many more but for now I think we are on the right track.



Today we see how the new generations begin to have more the entrepreneur's chip than the chip of working for a company and this must be encouraged with everything.

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To all this, I was curious about how much data there is about entrepreneurship in Mexico. The reality is that there is not much, but here are some curious facts that I found about entrepreneurs in the country.

  1. 33% of entrepreneurs in Mexico are between 25 and 34 years old .
  2. 1 in 3 Mexicans who want to start a business do not do so for fear of failure .
  3. 3 out of 10 entrepreneurs started their business out of necessity. The rest to seek a better lifestyle and growth.
  4. 66% sell less than $ 500,000.00 pesos a year and 80% sell less than $ 1 million a year.
  5. 89% started with their own or family money vs 3% who received formal investment .
  6. 54% of those who start a business today are single .
  7. 66% of entrepreneurs are men vs 34% women.
  8. 75% of companies close before the end of the second year.
  9. 14% of new companies obtain income outside the national market.
  10. 52% of businesses are operated from home / without an office.

I think all this gives us a good idea of the entrepreneurial landscape that exists today in Mexico. However, there is still much to do. I am convinced that our responsibility as entrepreneurs is to constantly inform and educate ourselves to raise the statistics and every day to be a stronger community with greater impact.



As always, thank you for reading me and I await your comments to be able to talk.