How can I start my own business?

Start your own business - the idea

• At the beginning of every self-employment there is an idea. Think carefully about what or in which industry you would like to start your own business.
• If the idea is there, then you should continue to consider whether you are sufficiently familiar with the chosen area so that you have a real chance at all.
• Then you should ask yourself whether the product or service you want to offer is in demand at all and, above all, what the current economic situation looks like for it. Is the product or service a long-runner or is it only needed every now and then?
• Most of all, you should be honest with yourself and not kid yourself. Can you really do it? Are you able to cope with the constant pressure that does not only exist at the beginning of self-employment? Can you get the first few years on vacation
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  do without and are you ready to work from morning to night and to put everything else on the back burner?
• How is it financially? Could you survive for a few weeks or even months without a steady income? As a rule, self-employment only begins after about three years to achieve a reasonably secure income. However, this depends heavily on the circumstances and the choice of occupation.


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Only when these theoretical questions have been answered can you slowly start thinking about the step of starting your own business.

The next steps towards self-employment

• When the above aspects have been clarified, you can feel your way towards the next steps.
• Do you need start-up capital, for example for work equipment, furnishings or work rooms? If so, what are you taking this from? Do you bring a certain amount of basic wealth with you to self-employment or do you need a loan or a government grant?
• For example, if you are from the unemployment To start your own business, you can apply for a start-up grant at the employment office.
• If you need a grant or loan, you may need to create a business plan.
• It is also advisable to attend a start-up seminar. Because here you will find out everything you need to know to start your own business. Which offices you need to go to, how you need to do your bookkeeping or which insurance you need.
• Then there is the question of whether you need a trade license and what form you face the tax office. Are you a small business owner, do you want to found a GmbH or another company? Your responsible tax office is ready to answer these questions.
• Also think about the necessary insurance and get advice in this regard. You may need legal protection insurance and liability insurance.

Take your time and do not rush into anything, because this step needs to be carefully considered and prepared. Ask the authorities - tax office, employment office or guilds - because you can do a lot wrong in this regard.