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NOV 24th, 2011

82% of IE Business School´s entrepreneurs think now is a good time to launch a business project.

IE's Entrepreneurs Club proposes economic, social and legal measures designed to help Spain's new government foster entrepreneurial activity.

Eighty-two percent of IE Business School's entrepreneurs think that now is a good time to launch a business initiative in Spain, although they underscore the need for an in-depth revision of the legal system (mercantile, labor, administrative and tax) to eliminate the obstacles that make it so difficult to set up a business. This was one of the key findings of a survey undertaken by IE Business School's Entrepreneurs Club (Circulo de Emprendedores - CEie) to garner proposals on how to foster economic recovery and employment in Spain.

IE's entrepreneurs state that the general perception of entrepreneurs needs to be changed, and they have pointed to specific factors needed to create an "entrepreneurship culture" in Spanish society. They claim that communication campaigns are needed to underscore entrepreneurial values, given that entrepreneurship is a source of wealth and employment. They also suggest measures that promote entrepreneurial activity, ranging from ensuring that entrepreneurs are present in education centers and the media, to greater social recognition by way of awards for entrepreneurs that have a marked impact on both a national and international level. They also believe in showcasing the many successful cases of current entrepreneurs, and in disseminating their activities and achievements to serve as social benchmarks in order to provide incentive for entrepreneurial vocation and new initiatives.

IE's entrepreneurs showed concern for the current talent drain, which will result in a dearth of entrepreneurs in the medium term. They feel that there should be a policy of scholarships, aid and work contracts to encourage talent to initiate and develop careers in Spain, which would in turn favor strategic alliances with public organisms and private companies to foster research and development. With regard to administration, the entrepreneurs proposed a greater level of centralization and alignment of services using a "one-stop desk system" that would work using a single national law for setting up businesses, the idea being that it would be possible to  do the paperwork required to create a company in 24 hours.

Another proposal was to create a national center for entrepreneurs, which would provide all comprehensive information on setting up a company, as well as fostering networking among the entrepreneurial community, and providing tuition for inexperienced entrepreneurs.  Where tax is concerned, IE's entrepreneurs proposed that new firms should be made exempt from certain aspects during the first three years of operation, or until the company begins to break even. They also suggested reductions in social security payments for companies that increase the number of permanent jobs, or take on workers over 40 years old who are unemployed.

The IE Business School report is based on a survey sent to the members of its Entrepreneurs Club in October of this year. Participants included entrepreneurs from 16 countries, 60% of whom offer products and services outside Spain, with firms that employ an average of 75 people.  IE Business School Entrepreneurs Club (CEie) was created in June 2005 and currently has 4,709 member entrepreneurs from over 100 countries, all IE graduates.