The Worst Business to Invest
Just as there are better businesses to invest, there are also very bad business ideas that have to be careful in this part are my top 3 worst businesses to invest.
Business to invest 1. Printing and Advertising
Although there is always demand for these services, in Mexico there is an oversupply of printing services, and various forms of advertising such as blankets, promotional items, etc.. This is also a wrong turn by the large investment needed to buy the machinery. Today, small businesses looking for a low budget to do business with advertising, and large companies already have their preferred supplier. (I recommend reading the article on how to start a service business for more).
Business to invest 2. Books
According to some figures, in Mexico it reads less than 1 book a year per person. This means that most Mexicans do not read, very few who read books and buying books is lower due to devices like the iPhone, notebook or the Kindle, you can read without needing a physical book. (It is more profitable to do business with Chinese products with technology as the iphone).
Business to invest 3. Clothing
The sale of clothing in Mexico depends on two issues: brand and store location. The fact is that both cost a lot of money, clothing and many businesses already have their own stores, like Zara, Nike, or Old Navy. Many people want to import clothes or buy in volume, and then sell it, but consider that the branding has affected the purchase of Mexico. Countless people do not have the resources to pay the prices for Palacio de Hierro, and still call it credit. So this is a business and large companies, there is no space for small business. It is also necessary to make a business plan before you invest your money.
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December 17th, 2011 at 11:14 am