Wednesday, August 25, 2010

Mexican Business Terms: PyMEs

If you are doing business in Mexico, sooner or later you will come across the term "PyMEs".  You'll see it on bank websites, government websites, at trade shows, in the news.  You might even be asked if you are a PyME.  The answer, if you have your own business, will most likely be "Yes".

PyMEs stands for Pequena y Mediana Empresas, which means "Small and Medium Sized Businesses".

Mexico is a country that has a long history of encouraging entrepreneurship, and recently a campaign  staring "Pepe y Ton~o"was launched to show what an impact small and medium sized busineses owners have on the country.  PyMEs generate 8 out of every 10 jobs in the country.

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