entrepreneur Archives - Club GLOBALS

Autonomo vs PYME: Which Path Should You Take in Spain 2024?

Club GLOBALS — Wed, 31 Jul 2024 14:30:23 +0000

Autonomo vs PYME: Which Path Should You Take in Spain 2024?

Starting a business in Spain can be an exciting journey, but choosing the right legal structure is crucial. Two common options are becoming self-employed (Autónomo) or establishing a small or medium-sized enterprise (PYME – Pequeña o Mediana Empresa). Each has its own set of advantages, disadvantages, legal and fiscal considerations. This guide will help you understand the key differences and decide which path might be the best for your business goals.

Autónomo

Overview

Sole responsibility for business operations.
Flexible working hours.
Simpler setup process.

Advantages

Lower initial costs
Simpler administration
Full control over business decisions

Disadvantages

Unlimited liability
Harder to secure large financing
More personal involvement required

Administration

Registration: Must register with the Social Security system and the Spanish Tax Agency.
Taxes and Contributions: Responsible for paying self-employment taxes and contributions.
Accounting: Simpler accounting requirements.

To register as self-employed in Spain, the first step is to register in the Special Regime for Self-Employed Workers (RETA), a free procedure that involves paying the self-employed fee. The flat rate for the first year is approximately 80 euros per month, while the standard fee is around 300 to 320 euros per month, depending on income and bonuses. This procedure can be done on the same day. It is also necessary to register with the Treasury using form 036 or 037, a free and immediate process if done online, or which may take one or two days if done in person.

Other aspects to consider for the self-employed include civil liability and accident insurance, which can cost between 150 and 500 euros per year depending on the type of activity. Accounting and tax advice is another recurring expense, with an approximate cost of 50 to 150 euros per month.

Example

A graphic design freelancer might face initial registration costs in the RETA and the Treasury for free, with a self-employed fee of 80 euros per month during the first year under the flat rate. The costs of accounting advice would be 50 euros per month, and the total time to complete all the procedures would be less than a week. Additional annual costs, including insurance and software, would be approximately 300 euros.

PYME

Overview

Can have multiple employees.
More structured organization.
Potential for higher growth and expansion.

Advantages

Limited liability
Easier access to financing
Potential for growth

Disadvantages

Higher setup and operational costs
More complex administration
Shared decision-making

Administration

Legal Entity Registration: Must be registered as a legal entity (e.g., SL, SA).
Taxes and Contributions: Subject to corporate taxes and more comprehensive accounting regulations.
Tax incentives: Can benefit from various tax incentives and grants for businesses.

To open a company in Spain, one of the first steps is to choose the appropriate legal form. The Limited Company (SL) requires a minimum share capital of 3,000 euros, which can be in cash or assets. Notary and registration fees usually range between 500 and 1,000 euros, and the process can take between one and four weeks. On the other hand, the Public Limited Company (SA) needs a minimum share capital of 60,000 euros, with at least 25% paid up at the time of incorporation. Notary and registration fees for an SA are usually higher, around 1,000 to 1,500 euros, and the process can take between two and six weeks.

Among the administrative procedures necessary to establish a company, is the reservation of the name in the Commercial Registry, which costs approximately 13 euros and can take one or two business days. Next, it is necessary to open a bank account and deposit the share capital, a procedure that depends on the bank and generally takes one or two business days. Obtaining the Tax Identification Number (NIF) is free and may take one to two weeks. The public deed of incorporation, another essential step, has a notarial cost of approximately 150 to 300 euros and can be completed in one or two days. Finally, registration in the Commercial Registry costs between 250 and 350 euros and usually takes one or two weeks.

Additionally, other expenses must be considered such as licenses and permits, the cost of which varies depending on the type of activity and location, and may require more time depending on the city council. Legal and accounting advice is also important, with an approximate cost of 50 to 150 euros per month.

Example

A digital marketing company (SL) would need a share capital of 3,000 euros, with notary and registration costs of 800 euros and a total time of approximately three weeks to complete all the procedures. In addition, it would have additional annual costs of around 1,000 euros for licenses, advice, and insurance.

Conclusion

Choosing between being Autónomo or establishing a PYME in Spain depends on your business goals, risk tolerance, and resources. Each option offers unique benefits and challenges. Whether you need flexibility and simplicity or are aiming for growth and structure, understanding these differences is crucial.

At Entre Trámites, we offer personalized consultations to help you navigate these decisions. As a member of the Club GLOBALS community, you can benefit from our free 30-minute consultations with our specialists. We’re here to support you every step of the way, from initial setup to ongoing management.

Book a FREE consultation

About the author

Entre Trámites is a Spanish company offering online consulting services for managing bureaucratic processes. They specialize in helping individuals and businesses with accounting, labor, tax, and immigration matters. Their services include registration and management for self-employed individuals (autónomos), the formation and support of small and medium-sized enterprises (PYMEs), and assistance with residency and work permits.

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Seed to Series A: Mastering the Hiring Strategy for Exponential Growth

Silvia — Tue, 18 Jun 2024 15:25:12 +0000

Seed to Series A: Mastering the Hiring Strategy for Exponential Growth

Navigating the Transition from Seed to Series A

When we secure funding, is a moment of validation for any startup, signaling that the market believes in your vision and your potential for significant growth. However, transitioning from seed to Series A isn’t just about having more money in the bank; it’s about strategically deploying that capital to scale operations, especially your team. The decisions you make today will set the trajectory for your company’s future and can help you avoid series headaches once you raise for series A.

The Crucial Role of Strategic Hiring

At the heart of your growth strategy should be a clear focus on hiring. Not just hiring more people, but hiring the right people. Strategic hiring during this critical phase can dramatically influence your startup’s trajectory. As you prepare to expand, the temptation might be to fill positions quickly to keep pace with growth demands. However, the key is not just to fill roles quickly because you need people but to fill them with individuals who will drive and sustain your growth.

Implementing a Job Analysis Strategy: A Precision Tool in Talent Acquisition

Job analysis is your secret weapon. It’s not just about understanding the roles you need to fill but dissecting these roles to their core components. This precision allows you to identify exactly what skills, knowledge, abilities, and other characteristics (KSAO) like work values and leadership styles these candidates need to have. Trust me, you can avoid the complexity of rearranging a quickly assembled but completely mismatched team.

From Broad Roles to Specific Actions

Every role should be broken down from broad responsibilities to specific work activities. For example, a Marketing Specialist’s role isn’t just about enhancing brand awareness; it involves conducting detailed market research, crafting targeted marketing campaigns, managing digital platforms, and analyzing the results to refine strategies further. This detailed breakdown helps in crafting precise job descriptions and interview questions that target the exact needs of your organization.

The Holistic Approach: Hiring Beyond Skills

While technical skills are crucial, the holistic approach of considering KSAOs ensures you don’t just fill a position but find the right fit for your company’s culture and values. This means considering personality traits, work styles, and cultural fit which are equally important. For instance, hiring a brilliant software developer who prefers working alone might backfire in a team-oriented culture. Be sure you know the team culture and how to hire for it.

Mario Paladini interviewing Silvia Christmann at Tech Open Air 2024

Scaling Internationally: Adapting Hiring Practices Across Borders

As you look towards international expansion, job analysis can help you adapt hiring practices to fit different cultural and regulatory landscapes. Understanding local qualifications, experience equivalencies, and essential language skills are critical to building a competent global team.

Smart Hiring Fuels Smart Scaling

Effective hiring is more than a process—it’s a strategic investment in your company’s future. By employing a meticulous job analysis strategy and hiring for cultural fit, you can attract and retain top talent who not only fills the current gaps but also possesses the potential to lead and innovate as your business scales.

Remember, building a strong team is not just part of the journey; it’s the foundation of a thriving organization that can withstand the challenges of growth.

silviachristmann.com

About the author

Silvia Christmann is an executive coach with a Master’s from Harvard, specializing in leadership development for top-level executives. She guides clients like Google and BMW through organizational challenges, focusing on communication and team cohesion

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Empowering Europe’s Startups to Thrive and Succeed

Club GLOBALS — Thu, 20 Apr 2023 15:34:56 +0000

Empowering Europe’s Startups to Thrive and Succeed

The EU Startup Summit 2023 is buzzing with excitement as entrepreneurs, investors, and industry experts gather to share their insights and experiences in the Barcelona’s thriving startup ecosystem. Club Globals is thrilled to bring you the key takeaways from the summit that are essential for every entrepreneur’s success.

Emerging Technologies

Metaverse, Web3, and AI The summit spotlights the rise of emerging technologies, such as the Metaverse, Web3, and AI, in shaping the future of startups. By embracing these innovations, startups can gain a competitive advantage and develop groundbreaking solutions. For example, integrating ChatGPT can help streamline various business operations, including customer support, content generation, and even product development.

Managing Finances and Exploring Alternative Funding

A panel discussion on managing startup finances underlines the importance of exploring alternative funding sources, particularly during challenging times. The experts discuss turning customers and partners into investors, utilizing equity crowdfunding platforms, and tapping into new EU policies and funding opportunities to help startups secure the necessary capital for growth.

Building Heart-Led Startup Cultures

The summit emphasizes the significance of creating heart-led startup cultures using core tools and principles. By fostering a supportive environment where employees feel valued and motivated, startups can experience increased productivity, innovation, and employee retention.

Sustainability and Circular Economy

Panel discussions on circular economy and sustainable businesses delve into the innovations and growth opportunities that create a positive environmental impact. Startups can lead the way in developing solutions that address the world’s most pressing challenges while driving sustainable economic growth.

Founder’s Mental and Emotional Health

The summit acknowledges the often-overlooked aspect of the mental and emotional health of founders. Entrepreneurs are encouraged to prioritize their well-being, seek support when needed, and implement strategies to maintain a healthy work-life balance.

Scaling Businesses Through Technology and Data

The importance of leveraging technology and data for rapidly scaling businesses is emphasized at the summit. Startups can create value for customers and stakeholders by harnessing the power of technology, utilizing data-driven insights, and implementing efficient processes that streamline operations.

Hiring the Right People

The summit highlights the crucial role that hiring the right people plays in a startup’s success. Instead of focusing solely on candidates’ qualifications, startups should evaluate their cultural fit, shared values, and adaptability. By building diverse teams with complementary skills and backgrounds, startups can drive innovation and problem-solving. To attract and retain top talent, businesses should also prioritize creating a positive work environment, offering professional growth opportunities, and providing competitive compensation packages.

Crafting and Delivering a Successful Pitch

The summit offers insights on crafting and delivering a successful pitch, stressing the importance of clearly communicating a startup’s value proposition, target market, and competitive advantages. Presenting financial projections, addressing potential risks, and showcasing a solid team are also vital components of a convincing pitch.

Thriving for Systems Change and Addressing Global Challenges

Startups are encouraged to lead the way in systems change by optimizing for impact and tackling the world’s biggest challenges. By focusing on solving pressing issues, startups can create meaningful value, drive innovation, and attract purpose-driven investors.

As the EU Startup Summit continues, Club Globals remains dedicated to bringing you the most relevant insights and trends shaping the startup world. Stay tuned for more updates from this inspiring event, and let’s work together to empower Europe’s startups to thrive and succeed.

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EXPO Dubai Meet up – 16 Mar 7 pm

Mario Paladini — Mon, 21 Feb 2022 14:17:09 +0000

Club GLOBALS cordially invited you to an exclusive tour on the motive of EXPO Dubai on 16th March 19hs at EXPO Dubai #CampusGermany.

We mingled for a personalized tour and connect in an inspiring location and get a unique NFT.MarioPaladini.com experience.

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New team member at GLOBALS

Club GLOBALS — Fri, 13 Dec 2019 14:07:58 +0000

New team member at GLOBALS

Jordi from Catalonia doing an EYE

Introduction

We are happy to introduce you Jordi from Catalonia. He is joining Globals.co for 6 months starting at the beginning of December 2019 thanks to an Erasmus Young Entrepreneur. Jordi is passionate about rural and international development, specially about co-creation, build communities, mobility and sharing economy. So, if you are on that, he will love to connect with you.

History

After his second university year He did an international volunteering service in Senegal, which gave him more points of view. Then, He got involved in an entrepreneurship program, which gave him the resources and knowledge to start a startup. These two experiences have driven him to what He is now; a social innovator and changemaker. When He realized that to make a deep impact, it must be cultural, He shifted his career, from renewable energies to Anthropology, but he’ve been working always for the same purpose; make a more connected, shared and sustainable world.

Projects

With the same NGO, He hacked the people, entities and governments of his county, the poorest region in Catalonia (the one with less immigrants and with more depopulation), to welcome refugees. They have welcomed the first refugee family from El Salvador. To make it grow, they will make it Open Source to spread it around, so people and NGOs from will be able to replicate the project.

His first social startup; Opportumeety, a digital platform for social networking on the go; it allows to share your events trips, connect with your communities around and by SDGs in common in airports, stations and public transports. But they are focused on events, where people usually travel the days before and after. They are going to launch next January 2020 and it’s a bootstrapped mobility start-up.

Closing

He is willing to learn about German market and culture, also learn about event and networking industry, the fields of his own startup. As he loves to meet meet people from other cultures, travel and events, he hopes to contribute, learn and enjoy a lot from this experience.

He hopes to meet you at some Welcome event 2020. You can connect with him at Linkedin here; https://www.linkedin.com/in/jordiva/

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Tony Robbins presents in The World Government Summit

Priscila — Tue, 19 Mar 2019 10:52:23 +0000

Tony Robbins presents in The World Government Summit

[TS-VCSC-Youtube content_youtube=”https://www.youtube.com/watch?v=H75KyyrW028″]

Tony Robbins is an entrepreneur, best-selling author, philanthropist, and the nation`s #1 life and business strategist. More than 50 million people have enjoyed the warmth, humor, and transformational power of his business and personal development events for years. He gave an amazing speech on the topic of “The Evolution of Leadership and Meaning” at The World Government Summit. He mentioned about the future of Artificial Intelligence, Ending World Hunger, and Working Together Toward Solutions for the Some of Our World`s Biggest Challenges in The World Government Summit. As GLOBALS, we are very honored to have been met with Tony Robbins and learned from him.

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The World Government Summit

Priscila — Thu, 28 Feb 2019 14:52:14 +0000

The World Government Summit

The World Government Summit organization purposes to frame the future generation of governments. This summit brings the public and private sectors together to cooperate with world experts. Moreover, the summit purposes of helping create a positive effect for citizens worldwide.

The World Government Summit hosts its Annual Gathering in February of every year in Dubai, UAE. The seventh one was between 10-12 February 2019. We are honored to have been invited to this summit as Club GLOBALS.

Tony Robbins gave an amazing speech on the topic of “The Evolution of Leadership and Meaning” in the World Government Summit. He is an entrepreneur, best-selling author, philanthropist, and the nation`s #1 life and business strategist. Arianna Huffington, Daniel Kahneman, Jeffrey Sachs, Mukhisa Kituyi, and Liqun Jin were some of the other successful speakers gave the speech in this incredible summit.

Mario Paladini has also attended various events when he was in Dubai. Let`s check the other events he has been such as Start Alliance Dubai, Startupnight Dubai featured AiRelo, and Oracle OpenWorld Dubai.

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Dubai Globals Community

Priscila — Thu, 31 Jan 2019 13:54:21 +0000

Agenda:
• Dubai SME representative opening
• Presentation and demo of companies on stage
• Exhibition
• Networking and multiplication
• Food and drinks

We are looking for our Dubai Ambassador, please contact us for recommendations.

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5 Series that Entrepreneurs Enjoy Watching

Priscila — Wed, 30 Jan 2019 15:00:21 +0000

5 Series that Entrepreneurs Enjoy Watching

The most important thing for entrepreneurs and entrepreneur candidates is time. Therefore, they choose books, films, and series that will add a lot to them in a short time. As such, we have prepared a series of lists for entrepreneurs with little time.

1- Halt and Catch Fire

The series is set in the 1980s personal computer revolution and in the early 1990s when technology was advancing rapidly. The name of the series also comes from a computer command Halt and Catch Fire. When you give this command to the computer, the computer is forced to perform the operation and the control cannot be recovered. IBM, Apple, and other companies are often mentioned, and even IBM is directly involved in this series.

2-Silicon Valley

This series tells the story of an engineer who turned his house into a small incubator center. It is a great series for those who want to get to know the culture of entrepreneurship!

3-How Make It In America

Ben and Cameron lives in New York and tries to establish a fashion company in the world`s largest city. In this series, you will be able to witness many realistic experiences. The series, which was remarkable with the fact that it was an HBO production, ended in the second season.

4-Black Mirror

Black Mirror is a series that interprets the problems of modern society and individual in this society, the implications of new technologies, and the use of politics, media, and art in the present world order by using satirical elements as well as science fiction. Nowadays, it attracts great interests all over the world. Understanding the technologies of the future is a blessing for an entrepreneur who wants to capture opportunities

5-Girlboss (Book)

The series is shaped around the story of Amoruso, who made her own venture selling vintage outfits on eBay and succeeded at transforming the Nasty Gal brand into a million dollar fashion empire when she was 27 years old. The original series of Netflix Girlboss, consists of half-hour chapters.

Prime Video offers digital movies and TV shows you can watch instantly on compatible connected services. We definitely recommend you to subscribe

What is your favorite series related to entrepreneurship?

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Connecting your Passion

Club GLOBALS — Wed, 20 Dec 2017 18:57:10 +0000

Connecting your Passion

You are young full of passion and you want to chase your dreams. You want to make your passion your job, you are going to start your own company. But which place is the right place to start your own company? Of course, you need to start in a metropolis but, why don’t you choose a city which is number one in development and innovation? Like Berlin. Berlin is a city with a lot of history and at the same time is a future-oriented city. Berlin is also called ‘Smart City’. If you want to know more about how Berlin earned this title, you can read our blog post ‘Smart City Berlin’.

After the choice is made, you are going to start your company in Berlin. And now? Where do you need to start? How are you going to get a network? and How can you grow as a company? In Berlin, there are plenty of possibilities! I will tell you some suggestions that you can use as a newborn entrepreneur.

Enter to AiRelo

AiRelo is a system that makes easy to register in a new city. It is a multi-language Facebook chatbot which through some next step questions will send you the main files fulfilled in the local language to your mailbox. Start chatting here.

When you are going to Berlin as an entrepreneur, the first challenge you might find is the language barrier, but AiRelo has the solution. Without the need of downloading an App or signing up, you can use AiRelo in your mother tongue and receive all the files in German. Easy! AiRelo helps you with the first steps to settle in Berlin.

If you want more information about it you can find it at airelo.me.

Berlin as the location for your passion

Berlin is a city that had grown a lot in innovation and development. Some places and cities are famous for it and they are popular among new entrepreneurs. For example, Silicon Valley in San Francisco. This is a place with a lot of tech genius. But Berlin is also a growing city, you can even say Berlin is the European Silicon Valley. Berlin has a lot of talent. Most of them are programmers, designers, and community managers. To connect with these talents is important to have a good location with your company.

Kreuzberg is a district in Berlin which is popular for its culture and a lot of young entrepreneurs start their company here. So it’s an advantage for the young entrepreneurs that they can network with and influence each other.

But if your company has still no sufficient budget you can use coworking spaces, famous for their many advantages. If you want to know more about coworking and where to find them in Berlin, this blog will interest you!

Connecting is everything

To start a successful company in a new city and new country is it important to create a trustworthy network. You can read a hundred blogs about Berlin, but you only know how it is really is when you experience it in practice. But then the next question, how do you connect with someone who is an expert? We from Club GLOBALS had thought about that. We connect entrepreneurs. We also try to make the world easier by connecting people with each other. We do that in many ways. Organizing startup events are one of them. In these events we gather different people, from entrepreneurs to investors or business advisors. If you want to take part in these events, join our community!

When you follow these suggestions you are already a step closer to your dream, to make this dream a success. Every beginning is hard, but you have to get through that, as many others did. To never give up is the most important thing to remember as an entrepreneur. Keep going for your passion. And from the hard beginning, you can look to the future. A look to the future where entrepreneurs stand there for each other and help each other grow. Entrepreneurs who stand together for a bigger success.

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