How can you start your own business?

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How you can become self-employed as a bookseller is a really interesting topic because This already gives rise to the general question of the sense, purpose and risk of self-employment. Now that the "book trade" department has already been determined in our case, let's take a closer look at the topics to be clarified one after the other:

In order to start your own business, you should have sufficient assertiveness and an unconditional love for yourselves Company, because independence in your job will require a lot of strength to master all difficulties that arise to be able to. Before you start your own business, clarify the question of whether books and bookshops are in our Computer and Internet world still have a place or whether they will soon be a thing of the past. It can be assumed that bookshops and books will keep their firm place in society, because:

  1. Books are not only for information and education, in this area, as our schools are already documenting, they could be replaced by the Internet, no, books give us much more:
  2. Books enable relaxed reading.
  3. Whether pocket format or classic edition should be included when traveling.
  4. Books can connect
  5. Opening a shoe store - you should consider that in advance

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  6. Books are just something personal, with a character of their own.

However, it is very important for your company to take a closer look at whether the book trade actually has a future.

Starting your own business needs to be carefully considered

It is therefore best to find out more from the various trend research companies that publish their results on the Internet or refer to trade magazines, such as the book magazine "Buch Markt", to see the future value of the book trade and books determine. Then it is important that you ask yourself some personal questions because a successful one Business and nothing else is a bookstore that requires high levels of physical and mental Resilience. Therefore, check the following questions before you step into this independence:

  1. Do you not only want to realize your own ideas, but do you also have the courage to take risks?
  2. Do you have more than sufficient technical and industry-specific knowledge
  3. Are you able to understand economic operating data in such a way that you can draw conclusions from it for further action?
  4. Are you persistent enough to negotiate bindingly with business partners?
  5. Is your communication and social skills sufficient to advise customers and to motivate and lead potential employees?
  6. What about your willingness to change your lifestyle in favor of independence, in terms of extra work or even weekend work?

Being independent is only possible with good know-how.

  • Which books do you want to sell? Travel guides, school books, book series, novels, specialist books, etc. It is advisable to include a broad spectrum in order to be able to address a correspondingly broad audience
  • Would you only like to open an on-site bookstore or an internet portal for your bookstore? You should do both because the competition is fierce and you need sufficient clientele to survive.
  • Inquire about a suitable location for your bookstore. Shopping areas are always cheap, as this is how business can be discovered by people who are only spoken to in passing. However, the cost issues such as rent, ancillary costs, termination options, size and nature of the rooms (renovation costs) play a major role.
  • What should your bookstore / online bookstore be called? Take your time because the name should be short and memorable. It should also evoke an association with potential customers.
  • Which concept of your new company can you submit in order to receive financial support, because you need sufficient start-up capital. Create a concept for your new company and carefully implement the aspects already mentioned here. Then contact your local employment office with a request for business start-up assistance.
  • That Federal Ministry for Economics and Technology offers help on the Internet through its start-up portal. You can get further help from Stock exchange association of the German book trade in North Rhine-Westphalia
  • The Australian Center for Success Diagnostics / Australia can also be reached via the Internet and has issued a German portal there for everyone who has questions about possible self-employment to have.

The path to self-employment is not always easy. But it is worthwhile if the chosen line of business arises from an inner conviction and not just from the hunt for quick earnings.
It is a bit more secure to become self-employed via franchise companies - but this would be a different topic and always depends on the company in question.

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