Starting a business : Formalities and procedures
Choosing a status and business plan
How to start a business?
Choosing a company status
The choice of your company status primarily depends on its activity. As a new entrepreneur, you will have to choose between several legal status.
Business plan
This document describing the nature of the business, the sales and marketing strategy, and the financial background,
Legal name and registered business address
This step aims at assigning a name to the company when it is registered and setting up an office including an established physical and fiscal address.
Financing your business
Your business plan shows a need for more financing that what you have available? Experts like Bank 4 Pro can help you choose the best financing plan!
Highest growth industries for entrepreneurs
Green Technology
→ Green technology is about using science and technology to create products that are more environmentally friendly. In practical terms, green technology includes the conversion of renewable resources, new agricultural techniques, etc.
Smart mobility
Intelligent mobility is the result of better traffic management system and assistance to motorists via mobile applications.
Connected objects
Connected objects have revolutionized many industries. Investing in them has been offering solutions that make people’s life easier: Remote home management applications, personalized Health Management Systems among many.
The silver economy
Silver economy is a system of production, distribution and consumption of goods and services aimed at addressing the needs of older and ageing people. The growing number of seniors over 50 created a business sector that targets this particular age group and has never been more attractive.
Business coaching: uncovering your managerial potential
Most new entrepreneurs experience difficulties that are mainly related to the challenge of managing their new businesses. In fact, when starting a company, management is usually the last thing on the mind of new entrepreneurs. They generally tend to focus only on solutions helping to get their projects off the ground. They don’t take into account that one can’t become a manager overnight. Coaching is an opportunity for them to acquire understanding of some fundamental business management practices. By broadening their knowledge of the managerial aspects of owning a company, new entrepreneurs can discover good and innovative managerial practices that they can later implement in their companies. You can find some important tips on interiorsforbusiness.co.uk.
Executive coaching
Business leaders need to optimize their managerial skills with executive coaching. Their main objective is to maintain and enhance their abilities to find solutions to the various problems they encounter.
Entrepreneur coaching
Coaching can be beneficial for entrepreneurs with little experience in establishing and managing a new business. Thus, they will come across less difficulties when starting their own company.
Team coaching
Team coaching is intended for employees in a company. Managers can resort to it when they feel that cohesion is not at an optimal level and that there is a lack of communication between employees on a professional level.
Company tour: a new form of tourism with high potential
In recent years, a new type of tourism has emerged as contrasted to the usual form of we’ve known until now. As surprising as it may seem, this one call for visiting the company site. Accompanied by a guide, the visitor will discover the premises, the equipment as well as the manufacturing processes of a product, Sometimes, he may even return home with a company gift. This kind of tourism helps enhance the entrepreneurial and economic heritage of a region.
Recruiting and managing high-potential employees
Undoubtedly, a company’s wealth lies in its human resources. For a company to succeed, it needs to attract the best managers available. For a manager, surrounding himself with competent people is essential to develop his/her company. Starting with realizing he/she can’t manage everything on his own in spite of a solid multidisciplinary knowledge, the manager has to delegate certain tasks to others. This is the right approach. Hence, he/she will guarantee everyone will carry their task efficiently and within their own expertise.
In order to attract high-potential personnel, managers need to develop aggressive recruiting policies. Be aware that you may not be alone wanting to recruit these atypical profiles. Your competitors are also on the lookout for any such executive that will bring the company something extra. Therefore, the hiring manager has the difficult task of finding these executives before any competitor does.