Five tips for successful business creation


 

There is nothing insurmountable about starting a business. As long as you put all the assets on your side.

1. Becoming an entrepreneur is not trivial

It involves commitment, time, sacrifice. The stake is well worth answering a few essential questions.  Is this the right time? Do I have the skills and especially the skills needed? Are those close to me ready to support me and to what extent?  summaries Laurence Pineapple, expertise and production director at Agency France Entrepreneur. (AFE).

READ VISIT >Besteconstuition in Singapore.

2. Define an offer

More than a structure and a statute, a company, it is first of all an offer that will have to be presented, explained, promoted. Throughout his creative journey, the project leader must convince: his relatives, his banker, juries and approval committees, partners, suppliers, future customers. The more precisely the offer is defined, the more solidly supported the positioning, the more credible the entrepreneur will be.

3. Do some market research

Market research remains the best tool to validate the relevance of an offer, assess consumption needs, identify customer profiles, and set realistic turnover assumptions. “It allows risks to be reduced as much as possible and the right decisions to be taken upstream,” emphasises Bruno Le Besmears, chartered accountant. By intelligently using search engines, by consulting the specialised press, by joining forums on social networks, by obtaining information from professional federations, we can already establish - and often free of charge - a valuable diagnosis of your future market. For a more in-depth study, the junior companies offer very attractive prices. Associations backed by universities or they are managed by students,

4. Establish a forecast.

"Financial forecasts (financing plan, working capital requirement, income statement, cash flow plan, profitability projections) are essential for obtaining external financing", insists Laurence Pineapple. To summarise, the forecast consists of planning in detail the relationship between income and expenditure ... and thus to demonstrate the economic tuition interest of the project. It is therefore necessary to take into account all the cost items (salaries, equipment, furniture, real estate, transport, communication), while anticipating hazards as much as possible.

5. Identify aids.

There are many sources of financial, social and fiscal support in France, as well as recruitment and innovation support. Among the main public aids: the regional planning bonus (PAT), aid for the unemployed creating or taking over a business (Accra), new support for the creation and takeover of a business (Nacre), reserved for applicant’s employment or beneficiaries of social minima ... To which can be added numerous private aids dispensed by associations, foundations or groups of companies, as well as the advice of professional experts

How to choose your legal status?

 

This is one of the questions that torments project leaders the most: what legal status to choose for their future business? “We have to play down. The status depends on the activity, the objectives, the financial means and the mode of operation of the company. The choice is therefore made a little by itself, by successive eliminations”, underlines Franck Golan, lawyer.

 

Whatever activity you are going to launch; two main options are available to you: the sole proprietorship (IE) or the company. The first - fortify in its simplified version, the auto-enterprise - has the advantage of simplicity. A simple declaration to create as to close the activity, no accounting obligation, no general meeting, fixed contributions in proportion to turnover. And, good news, the turnover limit for micro-entrepreneurs has just been doubled, set since January 2018 at 170,000 euros for trade and 70,000 euros for services. The status of company, which is essential when considering joining or hiring, implies more constraints: drafting of articles of association, filing the accounts every year at the registry, hold general meetings, approve the accounts, draw up management reports, draw up minutes of dissolution and liquidation in the event of cessation of activity.

 

 

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