The first thing anyone who wants to start out in self-employment needs is a promising business idea. But the idea alone is not enough. To put it into action you need a concept – a business plan or Business Model Canvas.
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Business Plan & Business Model Canvas
Entrepreneurial risk can be significantly reduced by careful start-up planning. The Business Plan is a timetable for self-employment, a well-honed schedule in which you lay down what your plan is and what needs to be done if the start-up is to be a success.
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Financing
Anyone who wants to set up a business usually needs start-up capital. In order to know how much start-up capital is needed, the capital requirement must first be calculated.
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Equity capital
In the case of equity investments, a company receives additional equity capital from companies or private individuals. For these, an investment is worthwhile if they can sell shares in the company at a profit after a while.
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Funding
For many start-ups and founders, financing and funding are the central issue at the beginning. The right financing or funding is an important factor in whether a company will be successful or will fail.
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