Feb 21 • 18:14 UTC 🇦🇷 Argentina Clarin (ES)

José Elías Navarro, businessman: "Setting up a supermarket costs 300,000 euros and only leaves 30,000 in annual profit"

José Elías Navarro discusses the challenges faced by entrepreneurs in Spain regarding the establishment and sustainability of businesses, exemplified by the costs and profits of setting up a supermarket.

In Spain, approximately 130,000 businesses are founded each year, with statistics showing that only half of them remain operational after five years. This high rate of failure reflects the significant challenges that entrepreneurs encounter in launching and sustaining their ventures in an increasingly competitive market. For instance, setting up a supermarket can cost about 300,000 euros, yielding only 30,000 euros in annual profit, highlighting the financial hurdles involved in retail management.

José Elías Navarro, a prominent businessman and one of the major investors in the supermarket chain La Sirena, has become a symbol of entrepreneurship in the region. La Sirena operates 300 outlets across Spain, specializing in fish and frozen products. Navarro, who studied Industrial Engineering at the Polytechnic University of Catalonia, also founded Audax Renovables, a clean energy company with operations in several European countries. His diversified investments demonstrate a commitment to fostering business growth amidst Spain's economic challenges.

Moreover, Navarro's influence extends beyond supermarkets; he made headlines in 2021 for contributing several million euros to support Joan Laporta's presidency at the FC Barcelona, reinforcing his significant role in the business landscape. By sharing insights through social media platforms, such as on X, he aims to inspire and educate other potential entrepreneurs about the realities of starting and running a business in today's competitive environment.

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