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Category: Business start-up in Spain

Coaching and Mentoring What are the differences and which one to choose?

Coaching and Mentoring What are the differences and which one to choose?

ART 1 FEB (mar) - Coaching y Mentoring - PORTADA EN

Coaching and mentoring have been characterized as two almost similar terms related to developing the skills of an organization’s employees.
While they share similarities, they are not exactly the same, but there are fundamental differences between them. Want to know what they are? Keep reading!
Since the lack of knowledge on the part of organizations when choosing a strategy is very high, it is very important to know what the terms mentioned consist of and how to learn to differentiate them from each other.

10 steps to create your own company

10 steps to create your own company

ART 13 ENE (jue) - 10 pasos para crear su propia empresa - EN - PORTADA

Starting a business may seem like a huge hurdle and some people may be intimidated by the idea; but they can’t help but be attracted to the entrepreneurial world.

If you are one of those who have your sights set on starting a business but still cringe when the time comes, worry no more. We bring you a 10-step article that will help guide you on the road to creating your business.

What is the Kit Digital Program?

What is the Kit Digital Program?

ART-JUE-27-ENE-KIT-DIGITAL-ENG

As you may have already heard, the Next Generation EU funds contribute to the economic recovery in Spain, and this time we want to talk to you about the budget allocated to the Digital Kit Program.

What is a transnational company and what are the strategies to become one?

What is a transnational company and what are the strategies to become one?

One of the main objectives for companies is to be able to experience an expansion that makes them generate more profits, have a presence in different countries around the world and maximize brand recognition.

Therefore, knowing that a transnational company can generate these benefits to your brand will make you consider a transnational strategy for your company. Below we will explain in more detail what a transnational company and a transnational strategy are. Don’t miss it!

5 sources of financing for SMEs in Spain and Europe

5 sources of financing for SMEs in Spain and Europe

Eureka! you have found the right idea for an enterprise, excellent, but that was only the first step, now you need to find the necessary resources to finance it and keep it alive.

And one of the sine qua non requirements to be able to found your small or medium enterprise (SME) will be to have the necessary liquidity, because without money to produce, there will be no income. Fortunately, there are several sources of financing for SMEs and here we will tell you about the main ones.

GUIDE TO SETTING UP A COMPANY IN SPAIN

GUIDE TO SETTING UP A COMPANY IN SPAIN

“Setting up a company in a foreign country”, may sound a bit overwhelming when you read it, however, we have created this guide so you can orient yourself in the creation of your company in Spain.

10 strategies to increase business productivity

10 strategies to increase business productivity

10 ESTRATEGIAS PARA INCREMENTAR LA PRODUCTIVIDAD 1

The world is moving faster and faster, processes and the way things are done are constantly evolving, and it is the task of companies to adapt to this new pace in order to keep growing. Experts crave instant achievements and the power to optimize their valuable time.

That is why we have made a list of 10 strategies to increase your company’s productivity where you will find the keys to streamline all processes while maintaining a high quality in your products and services.

A Guide to Alternative Finance - A New Form of Business Funding

A Guide to Alternative Finance – A New Form of Business Funding

alternative financeChanging Your Perspective

Albert Einstein once said “In moments of crisis, only the imagination is more important than knowledge”. Generally, crises are almost always viewed as something negative or an event that we should always try to avoid. However, it is so important that we also look at the positive side of incidents as such. Alternative finance is an innovative way of increasing investment by turning the seemingly negative into something positive

How To: Business Model Canvas

How To: Business Model Canvas

business model canvasWhat is a Business Model Canvas?

Unlike an ordinary business plan, a business model canvas allows you to generate a quick overview of your decision to start up your own company. On a basic level, this model really helps you to clearly understand and organise the different stages of your company formation project in order to generate the most value possible.

Not only will you be able to understand both your project and its surrounding issues more quickly and in a more efficient manner. But in addition to this, you will find it much easier to communicate your project and ideas to potential investors, partners and clients.

However, this “canvas” model is not a simple, lifeless document. It’s format is one that really develops and grows alongside your business. It will continue to aid you as an entrepreneur throughout the life of your company.

How Should You Organise a Business Model Canvas?

The model is structured around 9 logical steps: these allow us to clearly see how the company’s value is both produced and then distributed.

Value Proposition (la imagen tiene un error. “which customer needs are we satisfying?”)

value_proposition

This step is essential to a business model canvas since it allows you to provide a clear and precise description of your company for the client. This should, in term, determine the value produced by the company. This value depends on various things such as design, quality, performance, innovation, price, etc.

The challenge here is to find a balance between these factors in order to generate the best value proposition possible.

Client Sector

customers_segments

This step aims to find which client sector is the most important for the company.

Channels (How are our channels integrated?)

channels

This step could also be labelled as the “distribution network”. It is an essential stage in linking your value proposition with your client sector. Due to this, the most important thing to know here is how to meet these distributive channel expectations: which is the most effective, how to reach the client, etc.

Remember to have enough perspective to measure the efficiency of your chosen channels and to adapt them along the way to work to their best capacity.

Customer relationships (La imagentiene un error. “How costly are they?” “Do segments expect us to establish and maintain them?”)

cust_relationship

The relationship that you choose to maintain with your clients can act as a real advantage when compared to your competition. The important thing to remmeber here is to integrate this into your business plan and to calculate the financial input to carry it out.

Key Activities

key_activities

This stage will allow you to determine exactly what type of business activity your business must engage in to match your previously stated value proposition.

Key Partners

key_partners

Similar to your customer relationships, you will need to decide what type of relationsip you would like to have with your partners: how to choose them, how to get to know them, their resources, how they work, etc.

Key Resources

key_ressources

This step is to determine exactly what the company needs in order to carry out its business properly.

Structural Costs

cost_structure

This stage is to determine what the biggest cost in the company will be: which resource and which stage of business will be the most expensive.

Revenue Streams

revenue_streams

Similar to structural costs, revenue streams will inform you of how much each client is willing to pay, for which value proposition they are paying, how they would prefer to pay and which revenue streams will contribute to the overall income.

NIE Number in Spain: What, Why and How

NIE Number in Spain: What, Why and How

NIE numberWhat is an NIE number in Spain? What do you need it for? Who needs one? Do you even need one at all? What conditions need to be met to get one? Where can you get one? We answer all of your NIE number queries here.