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Doing Business In Mexico: Why Are Things Slower?

You legally incorporate a company in Mexico.  You feel you have selected the right personnel.  You set up the corporate ERP, probably even in Spanish. You train your employees in Mexico, offer them better than average compensation. And you still don’t receive the subsidiary’s information as you requested. Or in the timeline requested.  So you compromise and learn to accept things as they are.     This shouldn’t be your case.  Managing a company and doing business in Mexico should be easier than what you’re currently going through. Physical distance is a burden enough and having to deal with other local...

Misscommunication while doing business in mexico: what to do?

On top of the regular business challenges, companies with foreign subsidiaries have an added obstacle: communication. Holding companies must deal not only with geographical distance but also with cultural differences that could affect the communication between Group components and hence the Group’s operation. Thousands of transactions between businesses in the United States and Mexican business entities happen every day; both markets are narrowly linked and with a more efficient communication, operations will benefit and function smoothly. But how can companies improve these processes? 1) Set up regular reporting calendars to stay on track to reach objectives Subsidiaries must report on...