Mexico is internationally renowned for many things: mariachi music, its beautiful beaches, historic ruins, soccer, tequila, and exquisite food that makes your taste buds explode.
But our southern brother is also widely recognized for the important role it plays in our economy . Ranked as the 11th largest economy in the world, and with 77% of the population located in urban areas, Mexico is full of soaring opportunities waiting for you.
Mexico has a modern infrastructure, which is vital to any industry. It has 74 airports, 11 of which are international; 116 ports, modern highways, and railways. In all major cities, buildings are architectural art pieces worth admiring. You can find the highest quality services, and have access to high speed internet, reliable mobile services, and other utilities with ease.
Mexico has a growing middle class, which is currently developing and getting stronger. Currently, almost 50% of Mexican households belong to the middle class, and it’s grown 60% in the last 15 years (source: http://mexiconewsdaily.com/news/mexicos-middle-class-47-of-households/ ).
During Peña Nieto’s presidency, Mexico has signed partnerships and alliances with many countries, including Peru, Colombia, and Chile. These agreements, added to the NAFTA, signed in 1994 have made of Mexico one of the most important commercial destinations for industries such as agribusiness, technology, franchising, housing and construction, automotive, transportation, education, environmental and energy sectors.
The government has reinforced the economy and created measures to favor competitiveness, all of which creates a favorable environment for foreign companies to consider opening a subsidiary in Mexico.
Another aspect the Mexican government has improved is safety. It continues to make an important effort to
eradicate organized crime. Although there are definite "danger zones"
to avoid, Mexico is not the “dangerous” country depicted in 90’s movies, but
only one who’s actually been in the country, and done business in it, may truly
understand how far this somewhat common perception is from reality.
The business culture is open to U.S. goods and services. Mexican businesspeople, in general, are well-educated, and most of them are bilingual. More than 115,000 engineers graduate every year in Mexico, surpassing Canada, Brazil, Germany, and the UK.
Labor cost is very competitive in Mexico. Compared to China, famous for its low-cost, Mexican wages are 20% higher. Still, it’s significantly more cost-effective because of its closeness to the United States, which lowers transportation costs significantly.
Last but not least, Mexico is a country full of natural resources. It’s the world’s second largest producer of silver, and one of the most important producers of copper in the world. The country favors activities related to renewable energy and biotechnology. Not to mention all the tourist destinations, archeological sites, breathtaking beaches, and exuberant mountains that make this country an ideal option for new hotels and other touristic projects.
Although the government could rethink and modernize some of the current rules and regulations, Mexico is a very attractive option for burgeoning businesses that want to either lower their manufacturing costs by moving the whole operation to Mexico, or take advantage of all the benefits this wonderful country offers by opening a subsidiary in cities like Queretaro, Puebla, Toluca, Monterrey, and Guadalajara, among many others.
If you’re looking to expand your business by opening a subsidiary , you should consider Mexico as the ideal destination for your future plans.
Talk to a seasoned and knowledgeable business advisor about your expansion plans to Mexico, to guide you through the process and show you the way to financial success.Let this colorful country embrace you! Oh, and, might I recommend the mole de olla and tacos al pastor?...
Recently I was engaged in a Facebook exchange among a group of successful business women. Someone asked for opinions on using Grammarly—an app that is marketed as “A FREE, ACCURATE GRAMMAR CHECKER BUILT FOR EVERYONE.”
The comments started rolling in: “love it!” “best thing I have used in a long time.” “Cuts my writing time significantly.” And more like that.
I actually had installed the free app a few weeks before to give it a test run. I found it to be a nuisance because that little app was popping up and sticking its grammar-nose in every single thing I wrote. My emails. My blog posts. My word documents. That spelled danger to me, and I immediately deleted it.
My curiosity piqued, I checked the Terms of Service (which, admittedly, I should have done first). Here is what I found:
By uploading or entering any User Content, you give Grammarly (and those it works with) a nonexclusive, worldwide, royalty-free and fully-paid, transferable and sublicensable, perpetual, and irrevocable license to copy, store and use your User Content (and, if you are an Authorized User, your Enterprise Subscriber’s User Content) in connection with the provision of the Software and the Services and to improve the algorithms underlying the Software and the Services. (emphasis added)
Here's what you need to know:
What does this mean for you?
It means that if you install Grammarly, whether it’s a free service or a paid service, you are specifically giving an unlimited perpetual license to your content to Grammarly and any company they affiliate with and any of their subsidiaries basically for any service they provide now and decide to use in the future.
That means that if you use Grammarly, instead of your own brain or a copy editor, you are no longer the exclusive owner of your content. That means they can republish, provide to third party affiliates, and use your data and materials any way they see fit.
The bottom line is that Grammarly has access to—and the unlimited, forever—right to use your content. Period.
And, once you install Grammarly, it is everywhere . It pops up in every document you create. Every. Single. One. If you don’t believe me, try it yourself.
Of course, lawyers and other professionals with a confidentiality responsibility to their clients are ethically prohibited from using Grammarly. (And, I hope they read the fine print.) But even if you don’t have an ethical responsibility to keep information confidential, do you really want to give up the right to your content?
Think about it! And next time, read the fine print. … or call me, and I’ll read it for you.
*This post has been updated here
The driverless car industry is hot and super-competitive. That’s a given. Here’s what’s not hot if you are Waymo, the self-driving car business that was spun out of Google’s parent company:
Recently, there was a trademark spat between Adidas and Tesla. The story piqued my interest because the big players make mistakes that are instructive for small businesses (only on a grander scale)—and because it illustrates the importance of brand identity and underscores why it’s smart to register your mark.In a nutshell, here’s what happened: Tesla filed with the US Patent and Trademark Office (USPTO) to register its Model 3, three-bar logo as a trademark. If the registration had been for the purpose of using the mark on a car, there would not have been a problem. BUT, Tesla registered to use its three-bar “E” on clothing. Adidas, a company known for rigorous policing of its brand identity, challenged Tesla’s right to register the mark as confusingly similar to the Adidas three-bar logo. Tesla withdrew its application. Adidas protected its three-bar brand identity.