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Of every 100 new companies that manage to establish themselves in the country, 65 percent disappear before they are two years old.
In Mexico there are more than 4 million micro, small and medium-sized companies, of which 35 percent are led by young people.
According to official information, 39.1 percent of entrepreneurs are under 30 years of age.
Once again, the name of Paco, the viral empanada seller, is once again a topic on social networks after answering why he has not decided to open a restaurant to sell his own products.
In terms of entrepreneurship, social networks have become an important platform for those young people who have found an important source of income in the creation of content.
From the outset, the Association of Entrepreneurs of Mexico (ASEM) has announced that, currently, there are more than four million micro, small and medium-sized companies, which, up to 35 percent, are led by young entrepreneurs, who are mostly between the ages of 26 and 35. years.
Another fact to highlight is that, according to what ASEM mentions, 22.4 percent of entrepreneurs started their business between the ages of 26 and 30. Putting together business founders between the ages of 21 and 25 (14.1 percent), and between the ages of 18 and 20 (2.6 percent), it is revealed that, in reality, 39.1 percent of entrepreneurs are under 30 years of age.
Having said this, it is no longer a surprise that, nowadays, a significant number of young people turn to the various digital platforms as a way to generate their own income, especially when the outlook is quite serious.
Let’s not forget that, according to data from the “Creator Report” reportMore than 200 million content creators already inhabit social networks, each with their own strategy and, of course, with their own audience.
This is how “Paco empanadas” responds to why he does not open a restaurant
Paco, the famous empanada vendor in Acapulco, is one of the first young entrepreneurs to go viral on social media, to such an extent that he was close to creating an alliance with businessman Arturo Elías Ayub; However, in the words of the young man himself, he rejected the offer of the former Shark Tank in order to continue consolidating himself on social networks.
Now, the baptized as “Paco empanadas” has returned to the news after, through an interview, he answered why he does not want to open a restaurant and, with it, sell their products and perhaps grow their sales.
“The empanada business model here on the beach is very good. It is a product that is famous on the internet, but if you divorce it from fame, it has a lot of quality on its own, and I take great care to serve customers well”mentioned the entrepreneur.
@soydulcegipsy How much does a packet of empanadas sell? #viral #pacodelasempanadas
The case of “Paco empanadas” is, without a doubt, a very peculiar one, since it was in 2016 when it began to go viral thanks to the way in which it sold its products.
A few years ago, after remaining silent, he appeared on TikTok, where he assured that “My tiktoks are not going to be about antics; I’m not going to dance. Let’s talk about sales marketing, history. Useful tiktoks”, although his account has not been updated since 2020.
In the end, what has become clear is that social networks play an important role in attracting an important niche of consumers who, as we know, managed to emerge as a result of the health emergency caused by Covid-19.