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.
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.
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Image Credit by Eocs on Sxc.hu