During lunch at Kickstart 1H10 I had the privilege to sit with Patrick van deer Walk and one thing he asked me was: “So, how is the climate looking here in Portugal for entrepreneurs?”
Being a sun shinning day outside I wasn’t quite sure if he was talking about the weather :) but of course he was talking in terms of the conditions and general atmosphere in Portugal to start and run a business. Here’s a brief overview of what I told him and what I think after having put some thought into it.
1. Talent
It’s hard to find and recruit good talented and ethical workers. It’s even harder to get them to stay with you in the long term. This “individualistic attitude” and aversion to risk was indeed pointed out in a report by the European Commission in 2006. Maybe the solution here is to recruit more foreigners that would like to live here?
2. Entrepreneur Support
The initiatives to support entrepreneurs pretty much boil down to strategic propaganda by the government and are extremely bureaucratic. They have to treat everyone the same way, it doesn’t matter if you’re starting a tech company or a hotdog booth.
3. Net 60/90
We have Net 60 or Net 90, payment 60 or 90 days after invoice date – the government and big corporations all seem to use this. That’s really bad for entrepreneurs because after a sale there’s still 2 to 3 months before getting any money into your account.
4. Not a big market for mergers and acquisitions
The likelihood of your business getting bought by “bigger fish” is very low. Can you list tech companies that were acquired or merged? There are no examples of successes so there is little incentive to try something like starting a startup to sell in the first years.
5. Universities are not entrepreneur oriented
The creation of startup companies is not adopted by the Universities as a priority and as a result most students finish their degree without never ever thinking about the possibility of starting their own company. It is something so remote that it is not even worth thinking about.
6. Anti-entrepreneur culture
Most of the older generations does not recognize any value in someone that takes the risk of starting a company or going self-employed. It’s simply not appreciated. A friend that runs a startup told me his mother didn’t believe he was working until she saw his name on the newspaper.
On the positive side,
1. Climate
the weather is very good. According to an article by BBC, “Its southerly latitude gives it a Mediterranean type of climate, similar to that of the state of California, but one where the summer heat is tempered by the Atlantic influence.”
2. Food
and the food is great (we were having Sushi so I don’t think this point applied very well at the time). Portuguese food varies but fresh fish and shellfish are found commonly on every menu, and the country is full of specialty seafood restaurants.
3. Taxes
Our taxes are still lower than most countries in Europe. The tax burden is at 36.2% for singles with no kids (I would say the typical entrepreneur) in Portugal, compared to e.g. 51.8% in Germany. (OECD, 2005 data)
4. Green Receipt Book
Although a plague for employees (because companies misuse them) , the green receipt book (Caderneta de Recibos Verdes) is actually a helpful measure for entrepreneurs because they allow to hire people with less costs on the first year of company operations.
5. Tourism
The climate, beaches, lifestyle and leisure activities that attract companies, researchers and students to Portugal are also the mainstay of the country’s tourism industry, which accounts for more than 10 per cent of gross domestic product.
6. Community
The amount of Hackers, Makers and Geeks in Portugal is growing and so is the number of group meetings that you can find. Many are held monthly or at least regularly.
Please note,
this is of course far from being complete, accurate or even meaningful. I was careful enough to include a few positive points to counterpart for the negative ones. I didn’t want to be accused of pessimism, a point many would have listed here as well.
Ines Coelho, 
Fernando Martins 5:36 am on July 27, 2010 Permalink
Hi, Nuno,
My name is Fernando and I work at muchBeta.
Thank you for giving Yoomit a try and a post on your blog.
Your suggestion is actually three-fold: integrated accounts, timezone check and anti-overlapping mechanism.
The latter is obviously missing, and we’ll most definitely going to implement it, as soon as possible.
The first one implies that any two people using Yoomit have some sort of interaction within the application – which is not necessarily true: they must be on the same Yoomit account.
Yoomit is a tool meant to be used within an organization. That organization chooses a (paid) pack, creates their users and starts simplifying and organizing their meetings in a better way.
Contacts outside the company (say, clients) get emails with alerts on new/rescheduled/cancelled meetings involving them (if the manager of the meeting wishes so), as well as meetings’ minutes in PDF format (again, if the manager of the meeting wishes so). They don’t have access to the meeting’s details (other than those present in the email message) and do not take part on building the agenda.
If those contacts also use Yoomit, but in a different account, at this time there’s no connection whatsoever between those accounts.
The timezone check would imply people in different timezones using the same account, which, at the moment, is not possible. The account has a timezone setting, but it’s common to all users in the same account.
Yoomit was launched as simple as possible, aiming to solve the problem organizations have in organizing the agenda of their meetings and getting results from the information generated during their meetings. Each meeting agenda in Yoomit makes it all straightforward and simple with file attachments, discussion, action items, personal notes and conclusion for each agenda item, turning the generation of minutes a very simple process.
At the end, people have the minutes archived and searchable with all the conclusions that came out of the meeting and each one gets their manageable to-do list. This way, meetings can get productive and actually solve something instead of just making everyone lose valuable work time!
Cheers,
Fernando