The challenges of SMEs in 2016

Reduce late payment is one of the main problems that PYMEs face in 2016. Delinquency Bulletin and Corporate Finance, prepared by the Confederation of Small and Medium Enterprises in collaboration with the Directorate General of Industry and SMEs had been showing a positive trend that has broken right in the third quarter of 2015.

In this period, there has been a rise in average payment periods, standing at 81.4 days, which means that small and medium-sized companies are charging their jobs, on average, twenty days later than by the Law .

1. This is precisely the main challenge for PYMEs, in the field of late payment. Get the government to enforce the law, in collaboration with Justice. In Spain has established itself as usual to pay the amounts due for work or sales in some illegal deadlines. And companies are defenseless against this. Enforce the sanctions resulting from these breaches would ensure a better financial situation of PYMEs, more stable and more likely to make investments to facilitate the growth of these companies.

2. The business financing

Another challenge is to stimulate alternative funding formulas that allow subtract the current dependence of banks. In Spain, only 20% delas PYMEs seeking alternative financing, while in France this percentage of 55%, 45% in Germany and 70% in the US. That is, the Spanish PYME mainly relies on banks for financing, an issue to review, with the aim of preventing if the financial system is in crisis, does not affect so so hard to PYMEs, as has happened with the recent crisis experienced in Spain.

In addition, this dependence minimizes chances of getting funding. Currently the conditions for accessing credit have been tightened. In contrast, there are other alternative financial options that would allow PYMEs to obtain credit more easily, in less time and with less stringent requirements. Hence the appropriateness of start betting by these other formulas, in a highly competitive international environment.

3. Strengthen export processes

The internationalization of PYMEs has been another aspect that has led to an improvement in the overall economic situation. PYMEs must continue to seek new ways and markets to continue improving sales to other countries. In this regard, it should advocate a geographical diversification of exports as well as better access and collaboration with ICEX (Spanish Institute for Foreign Trade).
4. More innovation

PYMEs will have to fight and manage their own resources to invest in innovation and digitalization, factors that will make the Spanish economy in the future. With the Government to be formalized soon, PYMEs must negotiate expanding budgets on R & D + i, and also the establishment of a policy of reindustrialization, allowing provide competitiveness and efficiency.
5. The MAB: The Alternative Investment Market, which was named as the Stock Exchange of PYMEs, has failed to take off. There are few operations carried out in this framework and most of them with a lower volume than expected. Convince the investor suitability of investing in these types of corporations will be another challenge of the PYME 2016.

The challenges of PYME in 2016

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