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1. Insufficient market research: Insufficient market research is one of the most common mistakes made when starting a business. It is important to know if there is a market demand for the product or service you want to offer before investing a lot of time and money in the startup.
2. Insufficient financial knowledge: Financial knowledge is crucial when starting a business. You need to know about financial planning, budgeting, taxes and accounting to run your business successfully.
3. Inadequate planning: Good planning is the key to success. It is important to create a business plan that includes your goals, strategies and finances.
4. Inadequate risk management: one of the most important tasks in starting a business is risk management. It is important to be aware of the potential risks associated with your business and take appropriate steps to minimize those risks.
5. Insufficient leadership skills: As a founder, you need to be able to lead, motivate and inspire a team. It is important that you have the right skills and experience to successfully run your business.
There is no single answer to the question of how to become a successful founder. However, there are some general guidelines that can help you.
1. Make your business visible. Invest in marketing by sending newsletters, being active on social media, covering your business in print and online media, attending trade shows and events, and expanding your network.
2. Develop a robust business model. Make sure you have a balance of costs and revenue. If you want your business to succeed in the long run, you need to have a solid financial knowledge.
3. Be an expert in your field. Get involved in the dialogue, share your knowledge and experience. This is a great way to make a name for yourself as a founder and build your brand.
4. Build the right team. A successful business is only as good as its employees. Invest in the right team to achieve success.
5. Be flexible. Successful founders are willing to change and adapt as the economy changes. Be willing to test new ideas and break new ground.
6. Achieve your goals. Set short- and long-term goals and work hard to achieve them. You can achieve big results by taking small steps.
Through hard work and a clear strategy, you can become successful as a founder. By following these tips, you can put your business on the path to success.
1. Develop a solid business plan. A business plan is an important foundation for your success because it contains a clear strategy for your business. It should include your goals, your products or services, and your funding strategy.
2. Be prepared to take risks. As a founder, you must realize that there are risks, but you must be willing to take those risks to move your business forward.
3. Follow simple rules. Founders should follow some basic rules, such as maintaining a good budget and a solid cash balance, maintaining a good credit score, striving for good brand awareness, and regularly reviewing their progress.
4. Be willing to evolve. Successful founders are constantly learning and adapting their businesses to changing market conditions. They must take time to acquire new knowledge and continue to develop to make their business successful.
5. Be prepared to make decisions. Founders need to make decisions quickly because of the speed of the market sometimes. They need to be able to react to changes and make quick decisions to move their business forward.
For entrepreneurs and start-up founders, the search for investors is often one of the most critical challenges on the road to financing their company. Finding the right investors who offer not only money but also valuable support and expertise can make the difference between success and failure. In this article, we will look at various sources and platforms where you can find potential investors.
1. Your own network:
A good starting point when looking for investors is your own network. Talk to friends, family and business partners. These people often know someone who is able and willing to invest in your company or recommend you to potential investors.
2. Angel investors:
Angel investors are wealthy individuals who invest in start-ups. They often look for investment opportunities in industries they know well. Angel networks and events are great places to meet potential angel investors.
3. Venture capital companies:
Venture capital firms are specialised companies that invest in promising start-ups. They often have a specific focus, be it in terms of sectors or development phases. Research VC companies that fit your business field and check whether they have open financing rounds.
Venture capital firms are specialised companies that invest in promising start-ups. They often have a specific focus, be it in terms of sectors or development phases. Research VC companies that match your business field and check whether they have open financing rounds.
4. Crowdfunding platforms:
Crowdfunding is a way to raise money from a wide range of people. Platforms such as Kickstarter, Indiegogo and Seedrs allow you to present your business idea to the public and raise money from investors and supporters.
5. Online platforms for start-up investments:
There are online platforms that connect start-ups with investors. Examples include AngelList and Gust, where you can present your company and find potential investors.
6. Accelerators and incubators:
Accelerator and incubator programmes offer not only funding, but also mentoring and support for start-ups. They often take part in special programmes and establish connections with investors.
7. Industry events and networking events:
Participating in industry events, conferences and networking events can give you the opportunity to connect with investors in person. Exchange business cards and build relationships.
8. Entrepreneurial competitions and prizes:
Some competitions and prizes for entrepreneurs offer not only recognition and visibility, but also cash prizes or investment opportunities.
9. Business angels:
Business angels are experienced entrepreneurs or executives who invest in start-ups and often also act as mentors. Look for business angel networks in your region.
10. Online platforms for business angels:
There are also online platforms that bring entrepreneurs and business angels together. These platforms allow you to present your start-up project and establish direct contact with potential investors.
The search for investors requires patience and commitment. It is important to prepare well, present your business idea convincingly and build relationships. Remember that it is not only the money, but also the experience and relationships that investors bring with them that can be crucial to the success of your company.
Founding a company is an exciting step, but one that involves a multitude of legal requirements and formalities. One important figure who plays a crucial role in this process is the notary. In this article, we take a closer look at the role of the notary when setting up a company and why their expertise is crucial.
Notaries: Guardians of legal certainty
Notaries are qualified lawyers who are authorised to draw up and certify public deeds. Their main task is to ensure legal certainty in various transactions, including the formation of companies. Here are some of the most important tasks that notaries perform in the context of company formation:
1. Notarisation of articles of association and statutes: The notary is responsible for notarising the company's memorandum or articles of association. This means ensuring that the document complies with legal requirements and is duly signed by all parties involved.
2. Verification of the identity of the founders: Notaries verify the identity of the founders and ensure that they are authorised to establish the company. This is important to prevent fraud and identity theft.
3. Documentation and storage: After the founding documents have been notarised, notaries keep them in their safekeeping. This ensures that the documents are safe and easily accessible when they are needed.
4. Advice and legal expertise: Notaries often provide legal advice and expertise in connection with company formation. They can inform founders about what legal steps are required and how they can fulfil the legal requirements.
5. Registration in the commercial register: In many countries, notaries are authorised to register the company formation in the commercial register. This is an important step in officially registering the company and making it authorised to do business.
Why is the role of the notary important?
The role of the notary is crucial to ensure legal certainty and the integrity of the incorporation process. Through their expertise and experience, notaries help to avoid mistakes and legal problems that could later cause expensive and time-consuming legal disputes. Their notarisation and safekeeping of documents also ensure that important documentation is available and protected at all times.
Working with a qualified notary is therefore an important step when setting up a business and an investment in the legal security and success of the new company. Founders should contact a notary at an early stage to ensure that all legal requirements are met and the path to successful entrepreneurship is paved.