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The most important planning tool to get your start-up off the ground is the business plan. As well as scheduling payments and facts, it is worth taking account of your own personal background and individual preferences.
Whether you have been mulling over an idea for ages or have come up with a brand-new idea or are adopting an existing idea: the first thing that’s always needed is a critical assessment of feasibility and profitability.
The Business Model Canvas (BMC) is a tool, conceived by the Swiss entrepreneur Alexander Osterwalder, that helps you to visualise your business model and (further) develop your business ideas.
If you want to convince banks and investors of your business idea, you need a business plan. Your business plan is like your company’s business card.
There are various ways to establish a self-employed existence. Your personality and way of working will determine what is right for you. Because the framework that you choose for your self-employment will determine your future working life considerably. The key start-up types are listed below.
With the business type, you are giving your business a fixed framework and providing governance on key issues regarding ownership, risk-sharing and liability. At the same time, the legal form of a business affects the administrative process - both when it comes to setting up the business and the legal obligation to keep records - and taxation.