Entrepreneurship is not an easy challenge. There are many
technical issues that businesses have to face, and it’s not easy for an
entrepreneur to grow their business from scratch. Here are the biggest entrepreneurship
challenges for 2019.
1. Improvements in
Administration: Bury the “come back tomorrow”
This is one of the aspects that you need to focus on. A lot
has happened since Mariano José de Larra’s famous article of manners and
although the comparative with two centuries ago seems excessive, the truth is
that the agility in the procedures can improve a lot. The entrepreneurs demand
to reduce the bureaucracy and accelerate the procedures for the creation of
companies and startups.
In this first point, the study also emphasizes the need to
reduce tax obligations and taxes and facilitate hiring.
2. Increase the
number of women entrepreneurs
The presence of female entrepreneurs around the world is
increasing but still lower than that of male entrepreneurs, representing 55.7%
and 44.3% respectively. The aim is to reach a 50/50 balance
According to the GEM Special Report on Female
Entrepreneurship, the gender difference has narrowed by 6.5% in the last two
years. Of course, the entrepreneurial nature around the world is more common
among women than among men since the former start their activity as a business
opportunity and not as an exit to unemployment.
3.
Internationalization of SMEs
The export trend in certain countries is bullish. So much so
that in 2016, Spain was the leading country in the growth of world exports but
there are still SMEs that resist the foreign market. For this reason, last
September the so-called Strategy for the Internationalization of the Spanish Economy
2017-2027 was drawn up, a ten-year plan to support exports in the business
sector.
When it comes to making the leap to new markets, the
cultural and linguistic closeness, as in the case of Latin American countries,
positively influence the success of the export project.
4. Business synergies
The study of Spain Startup South Summit establishes as a
challenge for this newly started 2018 the establishment of business alliances
that favor the growth of the entrepreneurial ecosystem.
5. Maturity of
startups in the world
It must be borne in mind that, according to the 2017 Map of
Entrepreneurship, 9% of them have between 3 and 5 years of life. Therefore,
seeking the consolidation of startups and thereby increase and enhance their
life cycle, is another of the objectives of this year.
6. Get funding to
start a project
Although there are many financing options (crowdfunding,
business angels, bank financing …) at the time of starting your
entrepreneurial project you have to keep moving forward to find enough
financial support. As much as it is improving in this sense, the lack of
financing is one of the brakes of the entrepreneurial ecosystem.
7. Invest in
companies and scale up
This term may sound like Chinese but scale-ups are companies
that experience a meteoric growth in record time, specifically, 20% per year for
more than three periods in a row. Supporting a scale-up is to support the
generation of employment for both employees and self-employed since a large
part of these companies hire services from third-party professionals. Who knows
if it’s you?
8. Betting on hard
technology
3D printers or machines that maximize the process of serial
packaging in a company. The so-called hard technology is based on the creation
of tangible products that bring efficiency, innovation and technological
competitiveness to the highest level.
9. Promote disruptive
sectors, what are they?
The report of Startup South Summit insists on the benefits
of technology, also the disruptive one, that is, the one that gives rise to new
products and modifies what already exists. We talk about technology related to
Artificial Intelligence (AI), fintech or mobile.
10. Promote the
entrepreneurial culture
Talks, talks, activities … Fostering the entrepreneurial
culture from secondary education favors the acquisition of values such as
creativity, innovation, leadership or the ability to detect opportunities, to
take risks or overcome failure. In short, values that are not exclusive to
the entrepreneurial ecosystem but are essential for the development of life.
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