Accompanied to a Startup – Freedom with minimal Risk
Would you like to work independently, be your own boss and enjoy maximum professional freedom? Then the way to your own company is the right one. But this path is also a great challenge with risks that not everyone can master.
According to the KfW Founder Monitor, around 30% of all start-ups in Germany fail within three years. In addition to economic reasons, personal reasons such as stress, illness and dissatisfaction are decisive. University graduates who have little practical experience are also often affected.
Due to the high degree of responsibility and the lack of specialist knowledge in some areas, small mistakes can quickly have serious consequences. The article “Success is the exception for start-ups” from the Berlin daily mirror describes the high risk of starting a business.
In the following article, we will show you various ways to reduce the risk of starting a business.
It could be so easy
How nice would it be if you could manage to get your family and your start-up under one roof and do it completely without your own needs? Ideally, the target group is already known when you start your company, so that you can continuously work on winning new customers. In addition, you have an overview of your finances and will not experience any nasty surprises at the end of the month.
What can you do?
So that you can still implement your dream of owning your own business and not lose your belongings, you can get in touch with experts who will help you individually to grow your company. You will find many start-up consultants in your area online who will be happy to assist you with individual specialist questions and other matters. This can be expensive for young companies, but no mistakes should be made when it comes to legal matters.
The consultants will help you to choose the right legal form for you, to look through the dense jungle of the data protection regulation and to have the accounting under control from the beginning. Some consultants also offer separate tariffs for young entrepreneurs with low capital.
Home Advantage for Students and Graduates
If you are still studying, you have the advantage that many universities offer different university groups for those interested in starting a business. You can network with like-minded people through such university groups and maybe even find a suitable business partner for your start-up. Some career centers also offer general advice on the subject of founding.
The Chamber of Commerce and Industry offers start-up advice for anyone interested in starting a business. In addition, it is the first point of contact to get all the basic information for your start-up. If necessary, they also refer you to other service providers who can help you.
Exciting Alternatives: Franchise, Successor or Tech Startup School for a Low Risk
There are three other ways to get into entrepreneurship. On the one hand, there is the possibility of founding a franchise. You will receive a license or a franchise agreement from your franchisor that enables you to implement the business model and access the network of other franchisees.
The franchisor will also provide you with brand names, advertising and product groups. However, a fee often has to be paid for this. However, there is no guarantee that starting a company in a franchise model will ensure that your business model will be successful. You can read about the other franchise options here.
Another alternative option is to take over an existing company. Medium-sized companies often lack well-qualified managers who want to take over the company. The previous entrepreneurs retire or are no longer able to take care of the business for other reasons.
These companies have a fixed customer base, an existing facility and premises as well as employees. However, an appropriate takeover fee is often due for an existing company.
Tech Startup School
Alternatively, there are also programs in which you are accompanied from the idea to market entry. At the tech startup school, several companies make their founding idea available. In an eight-week program you will be accompanied in developing your business idea into a viable business model. At the tech startup school, you can choose an area of interest for you and work on building your company from day one. Experienced start-up advisors are at your side and support you over the entire period and beyond.
There are also no participation costs because the Tech Startup School is free. You are free to decide whether you want to continue after the program or if you prefer to build something up with the knowledge. In the latter case, there are of course no costs for participation. If the implementation is successful, only a small share of the company has to be assigned, but the largest share of 73% remains with you and your team.