Pick your climate. Decide what sort of climate you are most comfortable living in, depending on the area the weather ranges from year round spring-like weather to warm sea front locations and dry desert heat.
Will you be a permanent or part time resident? Depending on your personal choice, you may decide to live here permanently or only a few months out of the year, and renting the rest of the time. Some also rent their permanent homes to offset the costs of their temporary Mexican residence.
Purchasing real estate in Mexico. There are a myriad of real estate opportunities available, but be certain you are dealing with reputable agents on both sides. You may also find it easier to finance your purchase at a bank back home. There are properties available to suit every need including, apartments, resorts, condos and beachfront homes.
Choose the location that suits you. Whether you want city living or a secluded property surrounded by nature, there are plenty to choose from.
Learn the language. It's much easier to assimilate into your environment if you can speak the native language; as a result, many of our visitors enroll in classes to learn Spanish.
Consider turning your hobby into a business. Many of our retirees turn their hobbies into small businesses once they set up residence. Others get involved in social work in their local communities.
Make sure your income qualifies. You will need to research the various government requirements for foreign retirees and ensure that you qualify. You must have a proven fixed income of at least 400 times the daily minimum salary per month, and 200 times the daily amount for each dependent. If you own, your Mexican home, opposed to renting, these figures are reduced.
Health care considerations to remember. Most U.S. or Canadian health care plans do not cover your medical requirements in Mexico. Make certain you arrange for medical insurance to cover you during your stay in Mexico. There are numerous medical facilities and hospitals, but they are private and require payment in full.
Paying taxes in both countries. If you plan to work in Mexico or collect any sort of income such as rental income, sale of artwork, handicrafts, etc., you will require an FM3 Retirement Permit. This will allow you to work or run a business, but you will have to pay Mexican tax on any income earned.
Big challenges can be very difficult to face - and they can be fascinating and exhilarating. So here's some thoughts on how to make the best of these times, by getting ready in advance and making it work.
1. Plan Ahead
Look out for what you might need in the future and plan to make business life far, far easier for yourself. Decide what your business will be when it's the best it can be and focus on getting to there. think then about whether the resources are within or outside your business, which will depend on the size of it.
2. Size Doesn't Matter
Even if you are small, tiny even, don't think you can't afford a specialist - it will often make sense, both in relieving stress and financially. I mean you didn't get into your business to always do your books did you? (And if you did, maybe you want to try book-keeping as a business!). In these days of VA's (virtual assistants) it's becoming a do-able option for all.
3. Look For Talent
With your mind set on what you want, look out everywhere for people who can help. If you are small business owner, that might not be for a little while, but keep your eyes open, both within your own business, your family and your acquaintances. Anyone, anywhere - be alert!
4. Build Networks
Get out there and make sure that you listen to people who might use some of the experts you need. This means that if you have to choose, you have already got testimonials up front. This makes it a lot easier. Recommendations work! Many local specialists, when they are worth their salt, get more than enough clients through recommendations rather than need to advertise.
5. Seek Employee Recommendations
Again, it's about keeping your eyes and ears open. You need a whiz with computer experience. By talking about it and listening hard, you may well find the help you need. Didn't you know that your cousin Myrtle's step-brother is learning all about HTML at college - shame on you!
6. Set Quality Standards
By being very clear about what you want from the help you get, you are much more likely to get it. You will save yourself a lot of time and probably money by getting really specific (so, dot 'i's and 't's very carefully). It's very interesting how what comes out of our mouths is interpreted in so many different ways than we might expect (hint - it's always your fault, not theirs - so get over it).
7. Measure Performance
In with the standards you agree with your help, be they a member of your own team, or an external contractor, it is vital that you have a way of measuring performance on a regular basis. Keeping your requirements SMART (Specific, Measurable, Agreed, Realistic and Timescaled) will make this much easier. And don't be afraid to require penalties from external contractors if the fail to deliver.
8. Take Some Risks
Sometimes you have to wing it. So, if you take as much care as is practical, you can take a few risks with those who you have to help you. So don't be afraid to give more responsibility to one of your team, especially if they show promise - give them the opportunity, support and your confidence and often they will deliver way beyond what you expect.
9. New Blood
If you are missing an ingredient with your internal or external help, don't be afraid to get someone new in. It helps everyone if the right person is in the team, and there are a lot of folks out there who can do a great job. Anyone doing a poor job knows it and is not helping you at all. For outside help, if you have even a hint in your gut that it isn't working, be tough and get it fixed - or get out - dragging bad deals on is a very bad deal for you.
10. Give Accountability
And finally, make it very, very clear who you are holding accountable for the help you hire, whether it is in your business of from outside. You have a name to an accountability and that's that. They are where the buck stops. Internally, it can be through one-to-one meetings and milestones, externally, well, much the same although maybe a little more formally. Set them up with agreed 'T' - timescales and make them stick.
Being aware of the help you need well in advance, will make a big difference for you - you can focus on the aspects of business you bring value to and, while we're on the subject of value, have fun and get a life for yourself as well.
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Both Re Writer & Martin Haworth are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Re Writer has sinced written about articles on various topics from Family, Austin Properties and The Beach Resort. Planning your doesn't have to be complicated. Visit www.MexicoAlive.net to review your. Re Writer's top article generates over 1500000 views. to your Favourites.
Martin Haworth has sinced written about articles on various topics from Finances, Interview Questions and Team Building. ?2006 Martin Haworth is a Management Coach. He has more at his website, . Martin recommends. Martin Haworth's top article generates over 3350000 views. to your Favourites.