Eight myths about entrepreneurship in Spain

Eight myths about entrepreneurship in Spain
Eight myths about entrepreneurship in Spain

What is true and what is myth when it comes to starting a business in Spain? Alvaro FontelaCEO of Raiola Networksexposes the eight myths of entrepreneurship in our country in the context of the digital marketing event DSM Valenciaorganized by the Escuela Marketing and Weband of which Economy 3 served as media partner.

Fontela is a WordPress consultant specializing in WPO and web performance. He is also co-founder and CEO of Raiola Networks. Since 2016, he has participated as a speaker and speaker in hundreds of digital marketing events nationally and internationally.

The eight myths of entrepreneurship in Spain

Myth 1. Spain is a good place to start a business

«Spain is the best place for everything, except for starting a business»says Alvaro Fontela. And in his experience, the task of creating a company is long and tedious. In addition, once established, «Bureaucracy and taxes complicate every step you take».

Support is another challenge that arises when starting a business in Spain. «Entrepreneurs are often not understood by those around them»he comments. Although, yes, in many cases, “We are the entrepreneurs who support each other and learn from each other”. This lack of support, first harmless, it can lead to many new entrepreneurs giving up.

Myth 2. The entrepreneur is motivated by making money

No, entrepreneurship is not synonymous with getting rich. At least, that’s how Fontela explains it. “Usually, those who have the mentality of getting rich in the first two or three years end up giving up out of frustration”. And it is that, in his opinion, “The entrepreneur has more enthusiasm than money”.

On the other hand, the “need” is not a friend of entrepreneurship. «The reason you start matters a lot. Those who start out of necessity usually go back to working for someone else as soon as the opportunity presents itself»argues the entrepreneur.

Myth 3. In the life of an entrepreneur, everything is happiness

A statement that is linked to the “tyranny” social networks. To do this, it is very important to find a balance between professional and personal life. The key to this? «Delegate and prioritize».

Mental health is another important point. «Stress plays a very important role in the motivation of the entrepreneur. Therefore, you must take care of your mental health if you do not want to give up on your dream due to frustration or stress during the first few years»explains Raiola Networks CEO. He adds: «Entrepreneurship is always a concept related to the future. You have to think long term, as far ahead as possible».

Myth 4. Work whenever and wherever you want

Is there flexible hours? Yes, but the work has to be done. «Sometimes, entrepreneurs can optimize their workflow to work fewer hours. However, this optimization is not an easy task. The key to achieving this is to prioritize tasks correctly»expresses.

Of course, the client’s needs always come first. “The one who pays your bills is the one who gives the orders”sentence. He also adds that if when you start “You limit yourself to working eight hours a day, five days a week”possibly “don’t take long” as an entrepreneur.

Myth 5. You will always work in what you like

In Fontela’s words, the entrepreneur – at least in the first few years – has to know how to do everything. Over time, “You learn and you must delegate”.

Although the latter is essential for growth, an entrepreneur “You must be able to understand the different areas of work in your company or project”. At least, he believes, being able to understand 75% of the work areas.

Myth 6. Those who have already trained do not need to train again

If you add time for training to the endless work days, the path becomes a little more difficult. However, it is not something to be overlooked. «The goal is to be continuously competitive»points out the entrepreneur.

Myth 7. Entrepreneurship is an alternative to working for someone else

Alvaro Fontela is clear about this: «Entrepreneurship is not a job, it is a lifestyle». The entrepreneur “It must be constant, since the probability of failure increases exponentially if we are entrepreneurs only from Monday to Friday, eight hours a day”.

At first, “Your personal finances and your company’s finances are the same”. This means: «Accepting the ups and downs of your project on an economic level». Also, in his opinion, when you already have employees “For ethical reasons, they should always get paid before you. You are the one who takes the risk, not them.”.

Myth 8. Delegating is just commanding

“No business is scalable if we do not learn to delegate correctly”. Because? «Because our daily hours are limited». Learning to delegate, explains Fontela, is “very difficult” and requires many intermediate processes, from hiring the right profile to learning to work by delegating.

Delegating is not commanding. And the fact is that people management “It is one of the most complex and difficult tasks I have encountered as an entrepreneur. There are two types of employee profiles: those who are involved and those who are paid ‘mercenaries’. And both are completely legitimate positions.”. This is why a businessman must delegate «adapting tasks and responsibilities to each profile».

 
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