5 Points To Anticipate When Setting Up Your Business

In order to help you see more clearly before you start, we have joined forces to present you 5 points of vigilance to start your service activity. of service in all serenity.

Choose the legal status suited to your project

The choice of legal status is a critical phase when setting up a business. The possibilities are numerous and each status has its own advantages and disadvantages. While it may seem wise to choose the legal status that will be the most favorable for your accounting and tax purposes at the start of your activity, also think about the future!

Faced with all the subtleties of the different statuses and the specifics of your activity, it can be difficult to make the right choice. Your Amarris Direct accountant can help you, by studying with you the advantages and disadvantages of each status. You will then have all the cards in hand to select the options that will be most favorable to you, in the short, medium and long term, to become an IT freelance .

Ensure a minimum income by keeping your unemployment benefits

ARCE, Aid for Business Start-up or Business Creation: This aid allows 45% of the remaining rights to set up a business to be received. This capital is paid by Pôle Emploi in two stages: a first half when the company is created, the remainder 6 months later. This solution is interesting for unlocking funds quickly, but does not guarantee you any minimum income after your 1st year of activity.

Only entrepreneurs who have created a company (and not a micro-enterprise) will therefore be able to receive 100% of their unemployment benefit when they start their activity, provided that their company does not pay them any salary or dividends.

Manage your expenses and costs well from the start of your activity

Often, business creators choose to defer spending on non-essential equipment and avoid investing in small computer equipment (hard drives, professional smartphone, etc.) and various supplies.

However, integrated over the accounting year, these expenses can reduce the taxable result at the end of the year.

Likewise, disbursements may be subject to specific accounting and tax treatment.

Do not wait until the end of the 1st accounting year to take stock

Like many aspects of running your business, your accounting and taxation should be anticipated. Do not wait until the last moment to worry about your social charges and your VAT!

To facilitate your management and better support you in the development of your activity, your dedicated Amarris Direct accountant will organize a meeting midway through your accounting year. You will be able to optimize your remuneration and your expenses from your first months of activity and thus avoid any unpleasant surprises at the end of the year.

Establish a realistic business plan and set your average daily rate

Last advice, do not skip the step of the business plan and the calculation of your average daily rate in order to verify the adequacy of your service proposal and your market.

Business: Steps To Budget It Without Investors

Want to start your own business and have full control? No question of being accountable to any investor on your decisions, your products and others …

It is quite possible, if you have a certain budget and are willing to put in the effort to make your dream come true!

The companies concerned

Not every professional activity can necessarily be launched without investment. We have therefore selected the activities only concerned and having the possibility of developing easily without investors.

Save as much as possible

The best way to start your business is to be able to afford all the expenses without going into debt. As you prepare to start your business, you need to save as much as possible.

Collect money

Cash will be your first need to start your business.

So collect all your savings and put them in a chequing or professional account.

This precaution has two uses:

  • Before lending you money, banks and other finance institutions will check how long your money has been in your account. Opening an account and investing your money from the start is therefore a positive sign.
  • The money thus invested will be less tempting! If it remains available in your checking account, you risk tapping into it for unnecessary expenses.

Work part-time

Initially, the income from your business will not be enough to pay all of your bills and support your family.

To ensure additional income, work part time. This means that you may have to work nights or weekends, so as not to interfere with your own company’s hours of operation.

Sell what you don’t need

Do you have a car sleeping in the garage? Dozens of clothes that you haven’t worn for at least a year? Old furniture left over from your parents?

Sell ​​all that unnecessary property to invest in your business or help pay your bills.

Borrow wisely

No matter how much you save, you may need to borrow money to get started.

You will have the choice between several types of loans:

  • Guaranteed loans,
  • Unsecured salespeople,
  • SBA loans and personal loans.

For each option, weigh the pros and cons and be reasonable.

Do not borrow more than your needs and, above all, not more than your repayment capacity.

Save money on purchases

You can save money by buying second-hand furniture and other equipment instead of new.

If you need premises or warehouses, choose areas away from the city center to save on rent.

Even if you don’t start with the equipment of your dreams, your business will have more capital to support its launch. After making your first profits, you can then reinvest it in equipment.

Join the useful before the pleasant

Differentiate between what your business needs and what you want.

Are there things you can do without for a while? Can some items wait until you can afford them? If so, please be patient.

Take care of what you need first, then take care of what you want when you can afford it.

Train as much as possible

You will undoubtedly have to call on professionals for the development of your business, at some point in its expansion, for the creation of a website, for example.

Be curious and eager to get to know all facets of your business. You can then save by working on the SEO of your website yourself rather than through a professional.

Warning ! It is not about becoming an expert in all skill areas. But the more you learn to manage on your own, the less help you will need from an outside provider. Conversely, some projects will require real skills that will require you to delegate, such as web writing for example.

Starting a business with capital generated by your own income is possible, provided you have limited needs and know how to save. If it is not always easy to decrease your lifestyle, tell yourself that it is the better to increase it afterwards!