The possibility of becoming your own boss with these entrepreneurship ideas is possible, achieving personal fulfillment or increasing your income are very good reasons to decide to become an entrepreneur. We are also sure that neither the ups and downs of the economy, nor the lack of capital or business experience will stop you on your way to independence. However, you must consider the context, analyze the market you want to address and identify your capabilities and talents as an entrepreneur before starting.
Now, where to start? For this article we have selected five sectors that have shown a positive growth trend in recent years:
Children’s, eco-business, technology, pets and food and beverages. The goal is for you to find inspiration and tools to join any of them in 2021.
In addition, in each of the 10 ideas you will find data that confirms that there is an area of opportunity to innovate in a certain niche, basic tips on how to start and develop a concept, as well as an example of national or international success. This is a selection from the vast collection of the 100 Entrepreneurship Ideas of Entrepreneur, which every week is fed with the newest business models on the market.
Do you need anything else to get you into action? Take into account that for more than 27 years, Entrepreneur en Español has published hundreds of success stories through its different platforms, confirming that Mexico is a cradle of entrepreneurs. What if you were the next interviewee to share your experience to our entire audience?
What if you were the next interviewee to share your experience to our entire audience?
Entrepreneur en Español
What if you were the next interviewee to share your experience to our entire audience?
Maybe the time has come for you to make the most important decision of your life, you just need an idea that you are passionate about and that motivates you to turn it into a company that transcends.
They are the most important ones.
These are the entrepreneurship ideas we have found
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entrepreneurship and sustainability
1. CHILDREN: Online toy outlet
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WHY
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Data from the Euromonitor agency (2015) indicate that the value of the traditional toys and games market in Mexico has had an average annual growth of 6.3% in recent years. Another fact to keep in mind: in 2020 the Three Wise Men allocated between $1,500 and $4,000 for the purchase of gifts for each child. And the best part is that the majority of the toy-consuming public is made up of children under 12 years of age, who not only receive this type of gift at Christmas and New Year’s Day. We must also count children’s day, birthdays, baptisms, first communions, etc.
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HOW?
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The first advantage of this business model is that you can set it up in an online format and complement it with a physical model (commercial store) or mobile (a stand that can be located inside squares, fairs or bazaars). But first you must find good suppliers of legal, quality toys that offer a wide variety, as well as competitive prices and credit. The rest will depend on doing your own development or joining ecommerce platforms ready to sell your products.
2. CHILDREN: Emotions workshop for children
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WHY?
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According to UNICEF, 62% of children in Mexico have suffered some type of abuse at home. In the school environment, at least 10.1 % of high school students have experienced the trauma of being assaulted, either physically or verbally. In that sense, more and more parents are paying special attention to the emotional development of their children. Therefore, if you have a background in child psychology and are looking for other ways to increase your income, one option is to offer workshops on emotions for children.
HOW?
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Rent a place close to schools and residential areas and invest in its adaptation, taking care of details such as decoration and furniture. This will help you build trust and empathy with your audience (both children and parents). To reduce the cost, you can invite other colleagues to be part of the project. While to position yourself in the market, the recommendation is to make alliances with educational centers and offer your specialized services, such as emotional assessments and speech therapies.
3. ECONOMICS: Organic food delivery
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WHY?
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The Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA) published that Mexico is the world’s fourth largest producer of organic food, with 2.3 million producers and 169,000 hectares, with Oaxaca, Chiapas and Michoacán being the states that concentrate almost 50% of the area devoted to this activity. If you are interested in being part of a market that in 2016 (as of April) exported mainly to the United States and the European Union US$49 million, then become a home-based distributor of organic fruits and vegetables.
HOW?
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Contact producers who have the National Organic Distinctive issued by SAGARPA. In their website you will find a list of all of them, which will facilitate your search and provide guarantees to your buyers. Then, set up a portal where you can publish your complete catalog, as well as a space for a blog with relevant content and contact information about your company. It schedules the delivery of orders weekly or bi-weekly and offers several payment methods. You can outsource the delivery or invest in the purchase of a utility vehicle.
4. ECONOMIC BUSINESS: Dry cleaning
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WHY
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Washing a car requires approximately 320 liters of water; therefore, the cost of cleaning more than 70,000 vehicles per month, as is done by large companies in the industry, is equivalent to 210 million liters of the vital liquid. The good news is that eco-friendly business models have emerged in the market. In this way, the dry car wash system was developed, a trend that has become popular in countries such as Brazil, Argentina and Mexico.
HOW?
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This business can be started with a low investment, it is easy to set up and requires an operating staff that will grow according to customer demand. The added value of this center is that it uses dry cleaning products made from a polymer that encapsulates and lifts dust particles. The auxiliary supplies are: buckets, flannels, brushes, sponges, polishing wax, degreasers and polishes. The choice of a good location will be key to success, such as shopping malls, supermarket parking lots, theaters or residential areas.
5. TECHNOLOGY: Cell phone repair
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WHY?
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It is estimated that Mexico closed 2016 with the sale of 35 million smartphones. The reason: it is increasingly easy to get hold of the latest technology at a relatively low price. According to the IDC firm, a prepaid mobile device is priced at around $2,800. This phenomenon has generated new user needs, such as repair services, software updates, data recovery and backup, and on-the-spot battery recharging.
They have also generated new needs, such as repair services, software updates, data recovery and backup, and on-the-spot battery recharging.
HOW?
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An alternative for those who want to have entrepreneurial ideas thanks to the wave of mass consumption of smartphones is to invest in a service kiosk and sale of cell phones The advantage of this model is that it is low investment and can be located in shopping malls where there is a high flow of people. Add value to your business by selling cases, protective covers, chargers and other items for cell phones. You can also offer home and emergency service.
6. TECHNOLOGY: Drone rental
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WHY?
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In recent years, drones have become a trend that encompasses a wide audience, from young people looking to spend hours of fun piloting them via remote control to those who use them in photographic or cinematographic projects. The advantage of these devices is that there are different models on the market, and their characteristics can be customized: materials, motors, accessories, types of remote control, etc. And although most users cannot easily acquire their own, they are willing to rent them by the hour or day.
HOW?
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Contact suppliers to integrate a catalog of versatile models; then, set up a Web site and activate profiles on social networks to publicize your offer to two key audiences: children, young people and families looking for innovative entertainment options; and corporate clients (agencies and production companies with a need for aerial shots and videos but with limited budgets).
7. PETS: Dog Camp
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WHY?
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This new way of living with pets by treating them as part of the family has meant that more and more owners are looking to pamper them with clothing, accessories and other amenities, mainly luxury. One service that is gaining momentum is the dog camp. Unlike a boarding or training school, here the canines coexist with nature in a controlled and safe environment. It is an experience for the new kings of the household.
HOW?
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It is necessary to have a property within or outside the city, as well as a special budget to make all kinds of adaptations to ensure the safety and comfort of dogs. This includes: field areas for walks, dining room (with chef and diets included), basic hospital, gym, garden and individual houses. Consider at least two or three instructors or trainers on staff, not to mention a veterinarian. And as demand grows during peak seasons (vacations and weekends), add support staff.
8. PETS: Pet Parties
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WHY
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It is estimated that the sale of pet products and services in Mexico re-ports $2.3 billion annually. Thus, pet owners spend between $5,000 and $7,000 a year on food and accessories for their dogs and cats. If you love animals, a good option for entrepreneurship ideas is to offer pet party organization services.
This business idea consists of planning the party and providing everything needed for the birthday boy or girl and their guests.
Pet party planning services are a good option for business ideas.
HOW?
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You can operate from home if you have a garden or patio. Or, you can go directly to the home of the guest. Another important point is to look for suppliers of special food and drinks for pets, as well as decoration accessories. Service costs can start at $90 per guest and go up to $150, depending on the amenities -premium food, gifts, hiring an entertainer and DJ, etc.. Complement your offer with food, beverages and small gifts for pet owners.
Pet owners can also be provided with food, beverages and small gifts.
9. FOOD AND BEVERAGE: Taqueria drive – thru
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WHY
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For the fifth consecutive year, tacos are the favorite dish of Mexicans. And the fact is that it is a food that is accessible to everyone, as there are tacos for prices ranging from $10 per piece to gourmet options that can cost up to $70. While it seems that selling tacos is no longer a profitable business due to oversupply, it is also true that there is an area of opportunity to add value to the offer. For example, the possibility for the customer to order and consume their tacos without having to get out of their car.
HOW?
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Have a minimum of 80 m2 on a busy corner so that vehicles can enter, circulate and exit the establishment surrounding it freely. You must also have radio communication equipment, an illuminated menu displayed outside the premises, a professional kitchen team and a minimum of 10 employees on staff. For standing diners you can offer on-site service, with tables and chairs, as well as a large bar with benches.
10. FOOD AND BEVERAGE: Pizzeria al paso
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WHY
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According to calculations by UBM Mexico’s Hospitality Portfolio, an average of 120 million pizzas are consumed in Mexico each year. This figure places Mexico as the second largest consumer worldwide, second only to the United States with 650 million. Currently, there are around 30,000 pizzerias nationwide. In the midst of this large number, the pizza parlor format is one of the most profitable, since its added value lies in the sale of slices to take away.
Among this large number, the pizzeria al paso format is one of the most profitable, since its added value lies in the sale of slices to take away.
HOW?
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Have a location on a busy pedestrian street, preferably on a corner or near a park, schools or offices. In terms of infrastructure, consider an oven to make the pizzas, shelves to store the supplies, refrigerator for food and beverages, counter, cash register and a couple of tables with chairs. You will need a couple of employees: one to prepare the pizzas all the time and the other one focused on dispatching, charging and customer service. In a second stage, offer delivery service.
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We hope this tour of the best opportunities in the market has awakened your entrepreneurial spirit. Now it’s your turn to take the next step
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Don’t hesitate to continue to find inspiration here
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