So, are you thinking of becoming self-employed or starting to build your own business? Just like the approximately 40,000 founders who made this leap last year. You have a new, exciting idea for a product or service; You are sure to make your customers happier than the company that recently disappointed you. Or you just have enough work that does not require you, and you feel that you are ready for a serious test.
On the other hand, of course, you have fears. You have financial obligations. You are wondering what will happen if the regular salary at the end of the month suddenly fails, and you can earn money for food, rent and pension for yourself. The decision for or against self-employment is yours. But if you decide to take a big step, it will end with the silence of the life of the employee. You decide how to shape your day and where to set priorities and find a new dimension for investing.
Only one thing is certain during your departure: in a few days and weeks you will get as many new experiences as you have in years. In addition, you will be confronted with day-to-day themes and concepts that you can only know by rumors. You need a business plan from you. Someone is pointing you to a startup competition. And a third party asks what you think about crowdfunding.
Do you have a business idea that you think will change the world? Then you are ready for the accelerator. There you will find out what other founders think, what coaches and investors think about your idea. You have the opportunity to develop a marketable product and get – if necessary – basic business education. Accelerator offerings range from job provision to technical and strategic support.
In return, “accelerator” operators often require a share in the share capital. So-called incubators use a similar approach to accelerators. The only difference is that the stay is not limited and monthly rent is charged instead of stocks.
Your business can only take off if you manage to conquer the domestic market and find a new dimension for investment. And who knows your potential environment better than regional and cantonal contact points for founders? Here you know better the local circumstances; from the real estate market, through financing banks, to potential suppliers and competitors. Try it anyway.
Guarantees. The guarantee facilitates access to borrowed capital, in particular to a bank loan. Because the surety guarantees your lender that he will receive his money, even if you are not able to repay. If you have good friends or good relations with your family, you are guaranteed private investors. Otherwise, cooperation with a non-profit cooperative remains. There are four guarantee cooperatives recognized by the Confederation in Switzerland: three regional and one based in Basel, SAFFA, a cooperative that specifically promotes women’s projects. Warranties for startups that help reduce greenhouse gas emissions through innovative products are also provided by the Federal Environment Agency’s Technology Fund (FOEN).
Business angels. Persons who are financially involved in startups are called business angels. They do this because they receive a share in the resale of their shares – for example, a venture capital firm. So much for the technical process. In practice, business angels are more than donors. Good among angels have great entrepreneurial experience and industry knowledge. If interpersonal chemistry is true, the donor becomes a kind of “goddess” who can help and guide you in difficult situations. There are several hundred active business angels in Switzerland. Many of them are organized in clubs. They regularly hold events where you can introduce yourself and your project.
Regardless of whether you like it or not, the young entrepreneur is a decathlete. You achieve your goal only if you have mastered all disciplines equally: from attracting customers and managing employees to controlling and managing liquidity.
And this is not all: if you want to protect your logo, it is useful to know what distinguishes brands from patents; and when you suspend your IT system, it’s useful to know your legal documentation requirements. Depending on your experience, you bring in certain skills.
For everything else, there are government agencies and associations supported by associations or foundations where you can find the necessary know-how. However, as a young entrepreneur, you are not only a recipient of information, but also a business partner. They invest in offices, insurance and training.
Many commercial providers create starter packs for you and your colleagues. Founders and young entrepreneurs are located, they symbolize dynamism, creative impulses, inspiration and constant updating of the corporate landscape. Not least because of this, there are always new promotional offers and starter packs. Consider this abundance an opportunity! Start and ask questions. Then you will get the right answers that will help you.