Summertime is when many Puerto Vallarta business owners exhale, take time off, reflect on the season that was, adjust for the slow down, and think of ways to prepare for the next high season.
For the entrepreneur wannabe on the outside looking in, it’s the ideal time to conceptualize, strategize and launch a new Vallarta business. After all, support services are more readily available to help you out (printers, marketers, laborers etc.), rental space agreements are more easily negotiated at favorable rates, and it’s generally easier to navigate the city – not to mention your thoughts – without the distractions, commotion and swirling energy.
Equally importantly, planning in summer will force you to think about summer-season survival strategies and ways to adapt to the local economy versus Canadian and American tourists, seasonal traffic, etc. You’ll also have an opportunity to fine tune and tweak before the high-season rush.
Think Big Like a Mexican: Seize the Moment
Beach vendors, taco stand operators, hoteliers, resorts and real estate developers have more in common than you might think; they see the money and they are equally as savvy and ambitious about chasing it.
Operators small and large assert themselves with full steam to capture the hundreds of millions of dollars that enter this city at high season.
Analysts sense the optimism also – and it’s growing. If you need more proof that Puerto Vallarta will continue its upward trajectory, we urge you to read a range of insightful, business-minded Ron Morgan blog topics including:
• economic/tourism outlook
• Vallarta business opportunities
• real estate investment versus the stock market
• the peril of unknowingly purchasing Ejido land
• and protecting your investment in case of shoreline development
Bottom line, Puerto Vallarta is experiencing a boom cycle and it’s about to grow.
Focus on the Tourists First: Lodging, Retail and Food
When tourists come to town they need two things, first and foremost: lodging and food. And demand for these two categories is growing year over year. The smart money will capitalize on both.
Madero House, for example, is an ideal property to capture two categories – food and lodging. Situated in the heart of Zona Romantica, it has retail frontage, high visibility, high-volume pedestrian traffic and best of all, development potential. One could easily expand as needed.
When you begin planning and launching your business, you’ll likely be conducting business with Mexican trades people, services and suppliers.
As entertaining as they are helpful, these two light-hearted articles offer some insight into establishing a rapport with the locals, including tips on:
• dinner meetings
• telephone versus email
• general manners
• timeliness, or lack thereof
At the very least, you may find these entertaining:
• Mex Grocer - Business in Mexico
• How to Conduct Business With Mexican Contacts
Finally, if you’d like more insights into Puerto Vallarta, the opportunities for new business ventures, and commercial real estate, please contact us at Ron Morgan.
Rest assured, we’ll do our best to spread the word about you and your soon-to-be-launched new business.
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