Business start-up

Business start-up introduction

A business start-up is the realization of professional independence.There are different types of business start-ups. A distinction is made between full-time and part-time start-ups. The part-time start-ups reduce the risks of starting a business, they are also known as small start-ups.

One should be aware that starting a business is a deep turning point in personal life and that setting up a business does not mean working in a company, but starting a business one works on a company.

Business start-up process

The business start-up takes place in formal legal terms by registering a business or, in the case of liberal professions, by registering the freelance activity with the responsible tax office.This completes the first part of the foundation. In addition, the founders may face further formalities, such as membership in the Chamber of Industry and Commerce (IHK) or entry in the trade register. It should be noted that membership in the Chamber of Industry and Commerce is compulsory.The same applies to the entry in the craft register. A distinction must be made here between activities that require a master’s degree and activities that no longer require it. There are also activities similar to handicrafts. No professional qualifications are required here. In most cases, it is not possible to avoid inclusion in the trade register (subject to a fee).For certain activities, additional permits are required, such as the restaurant license to open a café, which in turn depends on the controls of the veterinary and health authorities. In other cases, certificates of competence are required (e.g. when trading in milk, weapons or medicines) Advice during the start-up is always recommended.

See also  Business Intelligence for the Insurance Industry

Business start-up conclusion

Business start-up
Business start-up

On a personal level, setting up a business regularly means a decisive change in everyday life: in addition to specialist skills, personal skills and methodological skills are particularly required to solve entrepreneurial tasks. These include:private provision for accidents, old age and unforeseen events Communication and discussion with offices and authorities (public order office, tax office, health department, etc.)Communication and discussion with associations (IHK, HWK, professional association, etc.)Creation of specifications (e.g. sales specifications) and compliance with themSelf-motivation and self-control (appointments, tasks, work / leisure time, etc.

Also Read : Business Plan

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