Are you planning to start your own business? Unfortunately, that did not happen in three seconds. One has to take into account all sorts of different things. You need to keep your records, you need to insure yourself, and you also need to recruit clients. We have listed below how exactly you need to start a business and what you need to be aware of.
1. Business plan
Maybe you have an idea of what your business is going to look like. However, it is important to also work out this idea on paper. It may sound cumbersome, but making a business plan is more important than you think. Such a business plan gives you insight into how you want to run your business and how you can achieve your goals. Some banks even require you to submit a business plan. In addition, you must also state which legal form you choose, such as sole proprietorship, partnership or BV. A one-man business is particularly popular with the self-employed.
Chamber of Commerce
Once you have prepared the business plan and chosen the legal form, it is time for the next step. You must register in the Trade Register and you do so in the Chamber of Commerce. Here you get your Chamber of Commerce number. This number indicates that you have actually started a business.
Once you have registered with the Chamber of Commerce, your data will be passed on to the Tax Authorities, provided that you have chosen a sole proprietorship or a complementary company. At that time, you will also automatically receive a VAT number. In addition, you must immediately submit a VAT return once you have registered with the Chamber of Commerce. You must file VAT every quarter and you must file tax returns each year.
It is important to insure your business, but what insurances are really useful to have as an entrepreneur? One of the most important is disability insurance. If you become incapacitated, you can fall back on this insurance, which will support you financially. Then you still have business liability insurance. This insurance ensures that the damage you cause to others is covered. In addition, a professional liability insurance is also a practical insurance to have. If you make a mistake for a customer with major consequences, this insurance covers the damage. An example is that as a financial adviser you make an incorrect statement of a customer’s tax return. An EGM insures you for this damage.
As an entrepreneur, you need to keep your administration up to date. You must be able to prove to the tax authorities that you are running a business. You need to keep track of the hours you have worked, as well as the income and expenses you have incurred. You must also be able to prove how much VAT you have paid. It is important to start keeping the administration in the start-up phase of your business because you can often deduct some costs from this. Managing the administration can easily be done in an Excel file, but you can also hire an accountant to help you with this.
6. Become discoverable
Doing business only starts when you have customers you can work for. But how do you get these customers? Today, almost all recruitment takes place via the Internet. That is why it is important that you can be found online. Therefore, first and foremost, get a professional, well-functioning website made. A website is a digital business card for your business. Here you can put your business information on it, you can place pictures on it and you can tell what you offer. But being active on social media channels should not be lacking when starting your business these days: many people spend their time on this, and perhaps there are new, potential customers among them.