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Advantages of starting a business with consolidated companies

The loss of employment as a result of the pandemic, the conditions that mark the current labor market, resigning from a job, adding to the trend of “big resignation” (massive and voluntary abandonment of unprecedented positions; a term coined in the US in 2021, in the midst of a health crisis) and the dream of becoming your own boss without depending on third parties, are some of the motivations that are leading more and more people to start a business in recent years. In fact, in the first half of 2022, 30,307 workers left their jobs, the highest figure ever seen in Spain.

On the contrary, the creation of companies continues to rise. According to the mercantile statistics of the College of Registrars, it increased by 2.6% in the first quarter of 2022, with more than 28,000 new companies. Even so, many think twice when undertaking due to lack of financial means, since, in Spain, the main cushion to create a company is personal savings (64.5%), followed by financial institutions (18%), family and friends (10%), and finally public programs (5%). ), according to GEM data from 2020.

For this reason, starting a new business venture hand in hand with a franchise model of consolidated chains with a long history, is positioned as a good option. In fact, In Spain there are about 8,000 franchising companies, where successful business models have been created, including Jeff, who offers some advantages of undertaking with a consolidated company:

  1. toast solutions to break down the main barriers to undertake as innovative and direct financing proposals or online and offline training proposals to acquire business knowledge.
  2. They not only help entrepreneurs to create a business under a recognized brand, but guide them throughout the entire process.
  3. Companies like Jeff operate under their own system “Business in a Box”, with comprehensive solutions and unique technology to help entrepreneurs establish their own businesses supported by the brand’s expertise.
  4. They have AI (Artificial Intelligence) applications to analyze user behavior and propose solutions to improve operations or sales.
  5. They have Big Data to find the locations most likely to be successful or their own software to manage the entire business including online training.

“We are at a key labor moment in Spain where there are more labor resignations than ever. For this reason, our objective is to democratize entrepreneurship so that anyone, regardless of their knowledge, or their capital, can set up their own business”says Eloi Gomez, CEO of Jeff.

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