Business in Mexico

For week 7 of my blog about Mexico I'm going to be talking about the businesses in Mexico. In the business world of Mexico, Mexican people make friends first, then do business. They think a relationship should be developed first. Closing a deal over the phone in any business in Mexico isn't likely, most Mexicans like to look people in the eye when closing a deal. This goes back to having a personal relationship before doing business. The meeting formats of Mexican businesses aren't anything like the U.S.'s, there are no checklists or orderliness. Also when doing business in Mexico, producers need to think about what the Mexican consumers really love. When launching a new product to consumers, they like the touchy feely type of promotions. This would include the in store samples, the free trial packets or even free gifts. Television, radio and billboards are the more popular type of advertisements just like the U.S.

Many businesses in Mexico have different hours. Offices are usually from 8am-5pm, factories usually have 24 hour shifts, and banks are from usually 8am-7pm according to http://www.mexexperience.com/. Their lunch breaks are very different from the U.S., their lunch breaks are anywhere from 1pm-4pm. Why so late you ask? Its because of the differences in the time they eat. Lunch is more of like a lunch/dinner to us. Dinner usually doesn't take place until at least 9pm. Being on time isn't something to be wrapped up in, in Mexico. Most timing in Mexico is considered to be very flexible even in business. Last, but not least the dress code in Mexican business. Many Mexican business persons will dress in suits and ties. I hope my post as given you some idea of the way business is run in the country of Mexico. Until next week!