What do you need to consider when starting a business? This can be stressful if you are a young entrepreneur. The big questions will be what do I need to get my business off the ground? Below you will find a short checklist of 20 important points that you should not forget.
- Create a business plan
What are you going to do exactly? Where are you going to do that and who? And how do you earn money? A good plan is essential for you to know what to expect from the business, but also to convince others, such as financiers. For those who want to start well with their business, writing a good business plan is an essential part of this process. A business plan gives insight into the feasibility of the idea and business perspective in the long run. For banks or private investors, this is often a decisive factor in providing funding.
- Think about the financing
Usually, money is required if you want to start a business. Are you going to put your own money or are you going to borrow? If you borrow, the agreements must be explicit on paper.
Do you start your business with a partner or multiple partners? Then make good arrangements! How do you divide your profit and loss? What decisions can you take and what do you bring together? In addition to the collaboration, can you also take ‘own’ assignments? Who will resume the company if the cooperation ends? Working together must be well done.
- Which business type do you choose?
Choosing a business form has consequences for your liability. This applies, for example, to debts, taxes and your ability to sell the company. A brief overview of the type of the business you want to go into will help you achieve more in the long run.
- Are there any conditions for starting your business?
Put out what’s needed to start your business. For example, should a business space be available? Did you think of permits and exemptions? Which machines, vehicles, etc. do you need? In short: are you ready to start?
- How does your business work?
The way you set up your business depends on the business type you choose.
- Start immediately with setting up your administration
After you set up your business, you must register with the Chamber of Commerce. Your company will then be notified directly to the tax office. They then give you a VAT number. You need your VAT and VAT number on your letterhead and your invoices. Provide a good accounting program and keep your bills, matches, and vouchers so you can always find them. It is best to enable a bookkeeper.
- Founded, but still not ready
After your company has been established and registered with the Chamber of Commerce, the following essential issues are in place. Request permits, set up terms and conditions, close insurance, open bank accounts, protect your brand and brand, ask for patents, employ staff if necessary, order business cards and stationery.
- Select the correct legal form
Is your company a sole proprietorship, a private company or is it more a VOF? Starting entrepreneurs themselves choose the legal form of their company. This decision has implications for certain tax liabilities and liability, so read well before making a choice. Consulting chamber of commerce will help on the long run.
- Make a name for your business
Some entrepreneurs immediately know how to name their company; others find it hard to think of a good company name, also called a trade name. In principle, every entrepreneur is free to choose a very nice name, but of course, you should ensure that your brand name does not match existing company names and brands. In addition, it is advisable to choose a name that fits your business and profession. For a fresh and young communications agency, a more creative insert is more relevant than for a notary. You can brainstorm a perfect business name or outsource it to freelancer to help you come up with nice names.
- Subscribe to the Chamber of Commerce
Regardless of the sector in which you are going to work, you must always register your company in the Chamber of Commerce when you start a business. A separate registration with the Tax Office is not necessary, as the Chamber of Commerce provides this information directly to the tax authorities after registration.
- Office Space and Chairs
You will need to plan your office well whether you are working from home or as an executive. This can be complicated for a store business that will be in prime area of the city compared to home business. The latest office chairs by Urban Ladder offer you various office furniture’s that will provide you with adjustable seat height and headrest. The adjustable seat offers you more flexibility while working.
- Comply with occupational requirements
Although you do not need to be in possession of a specific diploma to start a business yourself, you may need to have certain qualifications to exercise your profession. For example, think of a pharmacist, obstetrician or personal safety officer.
- Checking the destination plan
Finding a good business location may be more difficult than you might think initially, because your establishment should be in line with your municipality’s destination plan. So keep in mind how this is in your place of residence. Does there appear to be no room for a new company in your industry? Then you can submit a request to the municipality to change the plan. In addition, you may request an environmental permit for action in violation of spatial planning rules.
- Application for environmental permit
As an entrepreneur, you will almost always meet environmental regulations in the area of noise, energy, waste, etc. It depends on your company’s activities in which type the company will be classified. However, in most cases, a notification of your business is required by the municipality.
- Build (Request): Request Environmental Authorization
Imagine: After a long search, you have found a nice property in a perfect location. But it is still necessary to do that. You may need to apply for the authorization if you need to renovate.
- Requests VAR
Indispensable for self-employed entrepreneurs without personnel: the VAR statement. This statement invites you to the Tax Office and ensures that there is clear clarity about the relationship with your clients at all times. When handing over a VAR, they do not have to pay any premiums and payroll taxes.
- Rules of insurance
Health insurance for entrepreneurs is compulsory. Also, you can voluntarily make extra assurance against illness, liability or disability. It is also advisable to handle these kinds of things well so that you will not soon be surprised.
- Care of the administration
Often not the most popular job of independent professionals, but maintaining the management is an essential part of running a business. Also, there are the necessary online tools that can help you with your administrative tasks.
- Now let the customers come
You’re all ready, but your business will not be successful. Create advertising, design a website and go networks, make sure your target audience knows what you have to offer.
Finally, make money which is a lovely moment for every beginning entrepreneur.