Employment and entrepreneurship
"Innovation is on everyone's lips right now, but innovation does not create companies and jobs. We need entrepreneurs who can translate innovation into employment. "- Karen Wilson, principal researcher at the Kauffman Foundation
Entrepreneurs are the support of the Spanish economy. new and growing businesses create million jobs a year. While the expansion and contraction of existing businesses are largely responsible for the turbulence in the economy, more than a third of job creation is due to the entry of new businesses (Kauffman Foundation). Younger companies are more likely to create new jobs that companies established. So companies generate new job opportunities, and with time, grow and provide opportunities for direct and indirect employment much more. Young companies also tend to be more productive and innovative. In fact, 80% of occupations between 1997 and 2010 were created by companies less than three years of life.
The venture gives the unemployed and disadvantaged the opportunity to participate fully in society and economy. It is presented as one of the alternatives to address the lack of job opportunities. For those who have jobs, is also an opportunity to develop an idea that can be successful or explore a different career.
In particular, small and medium enterprises (SMEs) are the key to economic growth. Generate nearly the total employment in the country and are the most important factors in sustaining the economy. According to the Organization for Economic Cooperation and Development (OECD), 89% of total employment generated in Spain believe it companies with fewer than 20 workers.
"The Spanish SMEs increase permanent jobs and reduce the hiring of temporary workers in times of crisis both in micro and small and medium enterprises," concludes Juan Maroto Acin, Professor of Financial Structure of the Complutense University of Madrid.
As agents of change in the economy, entrepreneurs are able to create wealth in a sustainable way. While Spain is in crisis, the government is focusing on the foundations for future growth. Entrepreneurs play important roles in this development as drivers of economic and social progress paper.