We find ourselves in a moment of reflection on what we did well and badly in the year that is ending to face the one that is beginning. In which we plan what to do in a new cycle to be better, to grow and prosper. In which good wishes reach all of us at the same time, in which the desire to move forward drives us to seek the well-being of our families and find alternatives to improve.
Entrepreneurs live in a context that has brought a series of challenges in many aspects, from health, finances and the need to make their dreams come true and keep their dreams, because if we Mexicans have something, it is that we know how to get up and fight for ours. .
This even in situations that have put the tenacity of entrepreneurs to the test, since in Mexico most of the companies that drive the economy are ventures that saw a need in their locality or in a market and materialized it. According to INEGI, microbusinesses with between 1 and 10 employees represent 93% of the companies in Mexico, but they were also the ones that suffered the most as a result of the closure of activities due to the pandemic.
Due to different factors, the end of the year traditionally comes with different opportunities that can bring us closer to starting the business we have always wanted. On the one hand, those who work as employees have access to some benefits such as Christmas bonuses and, in some cases, savings accounts, or even participate in batches.
And although it sounds tempting to spend that money on a super party or a dream vacation, we can also invest it to start a business.
Now that, if you are already an entrepreneur, in many cases, the December holidays bring an increase in the amount of money circulating in the streets, which represents the opportunity to expand a business, because demand increases.
In accordance with let’s share banka financial institution specialized in promoting micro-entrepreneurs through group and individual loans, The businesses that flourish the most in the Christmas season are those related to Christmas food, clothing, toys or accessorieswhich generate high profits that allow you to start generating income, or lay the foundations to become the start of a long-term venture.
Although it may seem simple, the fear of many entrepreneurs is based on the fact that in most cases The main brake that prevents entrepreneurs from starting a business is precisely the lack of capital to make the initial investment and materialize your dreams.
And it is that the lack of capital is not only a brake when starting the business, it can also be while it is developing, since the Association of Entrepreneurs of Mexico, ASEM, located this year that until the 35% of Mexican entrepreneurs who found themselves in need of closing their businesses did so due to a lack of financial resources. to continue subsisting, which, according to the association, caused the bankruptcy of the ventures.
Faced with this situation, Compartamos Banco recommends that entrepreneurs always seek financial education information resources, which will contribute to the development of business strategies that range from locating a need to finding ways to maintain inventories and financing alternatives. suitable for starting or expanding a business.
Not infrequently, one of the main fears to start a business, especially in eventualities such as Christmas, or others throughout the year, are the issue of current expenses, such as rents and payroll or salaries. This fact has been solved in a sustainable way by the entrepreneurs who have approached Compartamos Banco, because only in the second quarter of 2022, it has granted more than 124,000 loans to fixed businesses with or without premises and to non-established businesses (itinerants)of which a good number employ their family members to grow their earnings.
What’s coming for 2023
It is not a novelty that year after year the dreaded January slope reaches us, given the tastes that we give ourselves at the end of the year, plus the expenses of the beginning of the year, such as the Kings, the bagel or even the tamales of the candelaria leaves us in a difficult financial situation, which also represents an opportunity for entrepreneurs.
Some analysts have predicted a difficult month of January due to the convergence of various economic, social, political and even health factors. According to the Bank of Mexico, inflation is expected to reach 8.1% in the first four months of 2023, which, despite being a slight improvement on previous forecasts, is still a high forecast.
Compartamos Banco specialists have found that, at this time, entrepreneurs tend to put their batteries to achieve their dreams, because as part of the resolutions for the coming year, there is the possibility of starting that business that they have longed for so much and that It will allow them financial independence.
These differ from those ventures of the December season, because, according to the financial institution, businesses that start at the beginning of the year are usually seen as long-term businesses.
Among the businesses that Compartamos Banco customers undertake the most, are, in its product of Individual credits: grocery stores, clothing sales, snack bars, beauty salons, shoe sales. On the other hand, in the category of Group Creditswhich are granted to a group of people who organize to request it, the businesses that have presented the most success are: buying and selling clothes, snack bars, buying and selling shoes, beauty salons, grocery stores.
Whatever the case, we must take into account that an entrepreneur constantly requires capital and financial institutions are the best option, as long as it is informed. Something extremely important in the world of entrepreneurship is having a healthy financial life, which implies a positive credit history and knowing the alternatives available to take advantage of opportunities or to counteract situations that may arise.
According to Compartamos Banco, its main strength is giving entrepreneurs a financial boost when they start a business from scratch and once it is already running. To this end, it has financial products that have allowed it to reduce the customer service gap that, for various reasons, cannot be served by traditional banks:
Individual Credit
It is an ideal personal loan for entrepreneurs who already have a business that is more than six months old and who need financing for the purchase of inventories, machinery, raw materials, remodeling of a commercial premises, among others. It can be requested by men and women between the ages of 21 and 79 who already have a business, with amounts ranging from $30,000 to $200,000 pesos.
Group Credit
It is the ideal loan for those who want to start a business and are integrated into a Group, which can be only for women or mixed. The function of this credit is to promote entrepreneurs with short-term financing for investment in a business based on legal economic activities. In the case of loans for mixed groups, the loan is granted to Mexicans between the ages of 20 and 98, and in the case of loans for groups of women, the ages range from 18 to 98, with amounts ranging from $6,000 to the $80,000 thousand pesos.
The best wish for these dates is that you dare to be an entrepreneur and approach an institution that gives you the personalized support you deserve so that you can achieve the dreams you have always had.
You can consult more information or locate your nearest Compartamos Banco branch to receive information on how to land your ideas in the business that can change your life in this link: https://bit.ly/3v90VD8
