In addition, 13% of Spanish SMEs expect cost increases of between 25 and 49%.
Small and medium-sized Spanish companies have an agenda marked by technological change and an environment of increasing costs. In a way, this reality is not so different from that of other countries, but in previous years some lag has been observed compared to SMEs in different countries.
Start of marked textTWEET IT! Spanish SMEs are facing an optimistic turn. Take note of the reasons given in the study “Small business, great opportunities”.End of marked text
However, 2022 seems to have been a particularly good year for companies in Spain. This is evident from the latest report “Small business, great opportunities” , which has also highlighted some of the challenges they will have to face.
Download the infographic with the main data from the Small business, great opportunities report by Sage for free in PDF format
Substantial change in confidence
An important aspect for SMEs is their self-perception . Managers themselves have very complete information about their prospects. Of course, there are factors both internal and external that can go unnoticed from within, but the opinion of those in charge of the business is one of the most qualified. In addition, the confidence of managers has many important effects:
It helps to consolidate relationships and contracts that will bear fruit in the long term.
It facilitates the arrival of the necessary own financing to develop projects.
Stimulates entrepreneurial efforts.
It mitigates any excess stress that may occur in managers, which can be a 'balm' for the work environment .
Encourages owners and managers to improve external communication so that others can perceive the credibility of the business fundamentals.
In this regard, one of the great pieces of good telecommunications email list news in the report is that in one year, Spanish SMEs have gone from being the most backward in terms of confidence to being in a leading position . Now, the percentage that trusts in the future is 39%, compared to an average of 34% in all countries.
Some very ambitious Spanish SMEs
Self-confidence is closely linked to the ambition of business projects. When one sees favourable prospects, one works to achieve greater goals. At the same time, this increased effort, if directed appropriately, can reinforce confidence. A virtuous circle can therefore be fostered.
In this regard, the report confirms that Spanish SMEs are among the most ambitious . Thus, 59% aspire to increase their company's revenues by between 10 and 40% in the next 10 years, compared to 48% worldwide.
The progressive incorporation of technology is generating confidence in Spanish SMEs, which face the future with greater ambition.
