According to a recent report, Spain remains below the European average in almost all dimensions related to entrepreneurship.
Business initiatives driven by business opportunities, which in many cases are the result of the need to improve the employment situation, are where the most serious situation that is recorded. There is little social acceptance of entrepreneurial success in Spain and a lack of agility in management. However, there is an increasingly better ecosystem for entrepreneurship and it is more present in the future of Spaniards.
Factors to improve
There are a number of aspects to improve:
- Aid for entrepreneurship: the political system and the autonomous communities should act with transparency and simplify the process, it should be said that at the European level there is a lot on offer.
- Business schools and universities should offer more practical programs since entrepreneurship is a process that is born from ideas. This needs to be encouraged in the schools.
- Large companies are joining the need for entrepreneurship, in this case intrapreneurship. Many times with the double objective of taking ownership of the ideas instead of betting on the entrepreneur and others to “jump on the bandwagon”.
- There may be a misconception of entrepreneurship, it is not about having a happy idea to create the new Facebook or Airbnb. Anyone who decides to be an entrepreneur must follow some steps and the first thing is to develop a business plan to have the most profitable route.
It is necessary to weave a real network of support for entrepreneurship that brings together all the tools aimed at entrepreneurship and to promote entrepreneurship.
Technological development and changes in modern society make concerns, training and refreshing oneself professionally a necessity to be masters of our future and that is why entrepreneurship has to be a priority option in the thinking of all Spaniards.
About Fellow Funders:
Fellow Funders is an independent firm whose mission is to support SMEs and startups in their expansion and consolidation plans through the search for an optimal financing model. The Finance Symphony represents the harmony of the 4 movements at the service of entrepreneurs, managers and their companies, as well as investors: from the valuation of a company through Fair Value, through the financing rounds of the Crowd Investment platform, the financial and strategic advice through Alternative Assets, and finally by accompanying its clients in their exits to the capital markets with its Capital Markets division. These four movements are synergistic and harmonious. They work together to generate the same melody, offering their clients the services they need for their transformation, corporate growth and internationalization.
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