Entrepreneurship in Spain reflects inequality: only 20% of businesses are owned by women
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The culture of entrepreneurship in Spain has undergone a notable evolution in recent years, going from betting on job stability to an increasingly open and favorable approach to the entrepreneurial spirit. Therefore, the number of entrepreneurs has multiplied, in some cases out of necessity after the pandemic – in which there was an entrepreneurship boom – and in others, due to having detected a business opportunity.
«The business mentality has been gaining ground in Spanish culture. Although we continue to be behind other countries, it is also true that there is less suspicion regarding entrepreneurship and more and more people are attracted to the idea of creating their own business. This change in attitude has translated into a significant increase in the number of startups and entrepreneurs throughout Spain,” explains Ignacio Guasch, Director of Business and Scouting at Oryon Universal, a business consulting, investment and M&A firm that accompanies companies with high potential. of growth so that they reach the next level in their development.
This expert adds that “there used to be a certain stigma associated with business failure, which discouraged many people from starting their own businesses. However, currently, there has been a paradigm shift that values initiative, independence and the possibility of professional development over job ‘stability’ – which is supposedly associated with employed employment – and that faces the risk as a form of learning and personal growth, which has led to greater acceptance and support for entrepreneurs.
The profile of the Spanish entrepreneur
From Oryon Universal they have outlined the profile of the Spanish entrepreneur and the most repeated qualities. In this sense, this analysis shows a man between 35 and 44 years of age as the profile of the most repeated entrepreneur, followed by the segments from 55 to 64 years of age (22%), the one from 25 to 34 years of age (21%) and those between 45 and 54 years old (20%).
In addition, they are educated people: 50% of them have university studies and 20-25% also have postgraduate studies, mainly linked to technical careers or science, technology, engineering or mathematics (the so-called STEM, for its acronym in English).
On the other hand, it is not easy to determine what percentage of them have received some type of specific training or have advice to undertake or learn how the business world works. They usually have previous work experience in the sector relevant to the startup.
“The Spanish entrepreneur has practical experience in his sector and solid training, which he decides to undertake when he is at the best moment of his professional career,” says Coque Parellada, Scouting manager.
The role of women in entrepreneurship
Women advance in the world of entrepreneurship in all sectors. However, there are still only 20% of women entrepreneurs compared to 80% of men who decide to start their project. The profile of this woman is varied and constantly changing: they are currently between 35 and 44 years old, and they usually carry out several entrepreneurial projects at the same time.
According to Oryon Universal experts, “our experience shows that female entrepreneurs tend to be characterized by high academic training and lead innovative technology companies, with a socially and environmentally responsible approach.” Coque Parellada points out that “despite the existing challenges, female entrepreneurship is driving the entrepreneurial ecosystem in Spain, with more solid business plans and a lower rate of failed companies.”
The challenges when starting a business
Regarding the reasons that make entrepreneurship a difficult task, Oryon Universal points out the lack of cash as the main obstacle.
Thus, projects that make sense, but without financial support, end up perishing in a figure that is estimated to be around 90%. This is what in the jargon of the sector is identified as the dreaded valley of death, which happens when funds from family, friends and other people close to the entrepreneur run out.
Being very aware of this situation, Oryon Universal founded Oryon Foundation, a foundation with which it fulfills its purpose and which, in accordance with the Second Chance Law, supports debt relief, even helps the entrepreneur emotionally and provides advice and training. so that I can return to the professional circuit through entrepreneurship. Among the groups to which Oryon Foundation directs its efforts are people over 50 years old, mothers and re-entrepreneurs.
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