Jun 012011

We have previously stated that there are a myriad of disincentives to starting up a business in Spain, so many that it is untrue. However I still insist that it is the best way to actually live and work in Spain. Plant the seeds and watch them grow, slowly and bit by bit.

Hope by Eocs

Hope by Eocs

Working for others is the tradition in Spain, entrepreneurship comes slowly and is viewed as an extremely risky option. I prefer to look at it the other way. Working for someone in their business is more risky. What could happen?

1) They could get knocked down by a bus tomorrow. Job gone!
2) They could get bored by the company and close it down. (I know people whose jobs disappeared for this reason)
3) They could be so bad at running a business that however good you do your work the place closes down.
4) They pay peanuts and do not incentivise, reinvest or give a shareholding in success.
5) They could take against you for whatever reason. (Again I know people who this has happened to especially in the education field)

Compare this to what could happen to you if you set up your own business.

1) You fail and it is you who are responsible.

I think that is a fair synopsis.

So what can you do to make your business run more smoothly.

1) Reduce overheads to a minimum. You really should be starting your business online as we suggested in the Work in Spain book. If you need office space you should always look to be sharing with others to start with. If you need shop space then be ready to negotiate the costs and look for a decent deal for the first six months to a year to help you get going.

2) Make sure that you are working in something that you actually love doing what you are going to work on because you need to put your heart and soul into it to get it up and running. If you do not like what you are doing then there is no way you will get it working for you in the current climate.

3) Make use of any help that is out there both online and from others willing to help you along. Check out the Camara de Comercio and local business clubs and make sure that social networking and online social media are a part of your strategy.

4) Be open to opportunities. If you have a tunnel vision about how your business should develop then it is likely that you will be trapped. Despite everything there are many, many opportunities out there if you keep your eyes open.

In the next post you will find out more about how you can cut your costs to the bone when starting up a business in Spain by using a service that is available in many of the autonomous communities.

Related Posts In This Series

1) The Growth of The Black Economy in Spain

2) Why Spain Has A Big Problem

and maybe you will like

3) What Does An Entrepreneur Need To Do To Stay Ethical

Image Credit by Eocs on Sxc.hu

  7 Responses to “Disincentives and Why You Should Ignore Them”

  1. Hear Hear! This is so true. There are too many unknowns in working with somebody you do not know 100%. Especially here on the Costa del Sol.
    I am yet to find anyone who has set up a successful partnership … except for those set up between husband and wife.
    And that is speaking from personal experience!
    Believe in your idea and go it alone …

  2. This wasn’t actually written specifically for you ;-). I wrote it last week as part of the series. However your situation rings so true for some of these examples.

  3. My experience was similar too! Now working for someone else but hopefully not for ever!

  4. Not the same person surely!

  5. Very interesting post. I totally agree about the benefits of having your own business versus working for someone else, though I don’t know if everyone is necessarily cut out to be an entrepreneur. But then those people probably aren’t reading your blog… So for those of us who might just need that extra push, this is great advice. I especially like the four tips for running your business – these really would seem to be the essential points. Looking forward to the next post!

  6. Thx Susan. Not everyone is cut out for working for themselves of course, they need the structures of a defined working day with clocking in and out. That has never been for me though. What’s your venture?

  7. Ha, that’s the million-dollar question isn’t it – what exactly is my venture? I think that’s the call for me to organize all the ideas swimming around in my head…so more on that later!

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