Starting a business
One of the first things you need to consider when starting out is which business format is best for you and your business. There are several different options, all of which have their pros and cons. For example, are you going to be self-employed business owner or are you starting a company?
We help you find the business format that best suits it as well as your future plans so you avoid unnecessary technical company- or tax problems.
You can read about company form and restructuring HERE
Starting a business - more than just a good idea
For many, the dream of becoming self-employed begins with a good idea and the desire to try it out. But it takes more than just a good idea to create a successful business. A lot of legwork and paperwork is necessary prior to starting a business.
RSM Denmark has extensive experience in helping entrepreneurs get started in the right way and be a sparring partner from the very beginning.
With an experienced auditor firm by your side, you will avoid a lot of the mistakes that other entrepreneurs make when embarking on creating their own business. We can for example help ensure that your business is established correctly and that all the formal paperwork and more is in place from the start.
We can help you with the administrative, accountancy and tax side of starting and running a business, so you can concentrate on what you are best at - moving your business forward.
The importance of a plan for sustainable finances when starting your own business
Another thing that will quickly show up on the field is the economy.
Kenny Dam Handberg asks 4 questions you should consider before you start becoming an entrepreneur
GOOD ADVICE FOR ENTREPRENEURS
Is your idea sustainable? Is there a real need for the product or service that you intend to sell? Is your focus on the right customer segment? Or could there for example be other customer segments that were interesting - possibly with some adjustments to the product?
Is there a market for the company or product? Who is the target audience for your products or services? How important is the need that the product or service satisfies to the target group? And how much purchasing power does the target group have?
Will the proposed business provide sufficient profits for you to make a living from it? You cannot be an expert in all areas. Therefore, it is a good idea to align yourself with someone who is an expert in the field.
If you need to get the bank involved with your idea, they often ask for a wide range of documents, including a business plan and a budget. They will typically ask to see a budget that is likely to make your business viable. The budget can determine whether you can get a loan or not.
BUSINESS PLAN FOR ENTREPRENEURS
We can help you write the necessary documents like the business plan and help you set a reasonable budget. At the same time, we can spar with you about your idea and give you some tools and inspiration for how to research the market for it.