Start yor own business
If you want to start a company in Germany or start your own business as a freelancer, you have to overcome a number of hurdles. There are many support measures that are intended to support start-ups, but these are being increasingly cut and restricted. An absurdity, because even the traditional house bank is reluctant to grant loans to this target group.
A new annoyance for start-ups concerns start-up coaching. These are advisory services designed to support founders in economic, organizational and financial matters. Both entrepreneurs and self-employed who are in their first year of business can use the offer. Support for freelancers or the self-employed with a business license can be taken up to a maximum of one year, for example to develop a marketing strategy for the company. Until now, the rule was: Those who start out of unemployment can seek advice for 40 hours, but the consultant’s fee may not exceed USD 4,000. The employment agency supports coaching with 90 percent, ten percent have to be paid for themselves.
A prerequisite is the approval of the start-up grant or other benefits according to SGB II. This grant will probably no longer exist from 1.1.2014. The funding is successful, as the BVSI (professional association of self-employed in IT) knows; 80 percent of the founders who used the advisory service are still self-employed two years later.
There were also important cuts in the start-up grant, the legal entitlement to the support expired at the end of 2011, instead the permit is at the discretion of the employee of the employment agency. The first phase of funding was also reduced to six months.
Financial opportunities for founders
Business start-ups can also take advantage of further grants, the most popular being a loan from the nationwide development bank. Many regional promotional banks also grant loans that help a lot in the initial phase. Thanks to low interest rates and long terms , founders have enough time to bring the company into the profit zone. Graduates, academics and students can also apply for scholarships.
Anyone who has a particularly promising business idea should present it on a credit marketplace, where private individuals give money to ambitious founders. The house bank should also be visited, but here it is not only the creditworthiness that decides on acceptance or rejection, but also a meaningful business plan.
It becomes difficult for small business owners who only need a small amount of start-up capital, as banks are reluctant to grant business loans of less than 10,000 USD. Even those who experience liquidity problems years after the foundation cannot hope for their own bank.
Due to their uncertain financial situation, the self-employed are generally considered to be unwelcome credit customers. Straight banks are now the more promising way to manage small and large corporate crises.