As an entrepreneur, we have to constantly challenge ourselves and get out of our comfort zone to continue and succeed. We give you the key elements to go from employee to entrepreneur.
The benefits
Entrepreneurship is an ideal activity for those who hate monotony and instead seek to be stimulated to surpass themselves in everyday life. By becoming an entrepreneur, you are no longer subject to time restrictions because your schedule is no longer fixed. An entrepreneur doesn’t count the hours when he starts his business and builds his project. The return on investment is 100% depending on the rapid growth of your turnover.
The change of posture allows you to have the freedom to decide, to refuse and to make the strategic and operational choices that you feel are best for your business. Like the working hours, the remuneration is not fixed. However, your income can double or even triple your previous salary as your business succeeds and grows.
Prepare for the career move
First of all, a business plan should be drawn up to frame your ideas, think about the financial aspects of your project and its feasibility. Define your target market, do a thorough market survey, create your business model and study the competition.
Then there are organizations that offer free support to help you set up your business. The CFDT, a founding member of Union-Indépendant, will be able to help you with your rights before you are dismissed or decide to resign. There are at least four legal statuses for setting up a self-employed activity: sole proprietorship, micro-enterprise, EURL and SASU. To guide you in your choice of status, we advise you to analyze your professional perspective and your personal situation.
Declare your activity
To give your business a legal existence, make declarations and apply for registration with the Siren register, the trade and company register, the trade register and the special register for commercial agents. To simplify all these procedures, there are the centers for business formalities (CFE). These centers centralize the documents in your file and forward them to the various bodies concerned.
The formalities to follow
Give your company an administrative address. You will therefore determine the registered office. It is possible to domicile your business in your own home. You must notify your landlord or your managing agent before registering.
Insurance for your premises and vehicles is compulsory. It is advisable to assess the risks and to cover yourself for civil and professional liability. Finally, a business bank account is compulsory for entrepreneurs operating as companies. Sole traders and micro-entrepreneurs must open a bank account dedicated to their activity even if it is not a business account.
In conclusion, being your own boss provides a sense of freedom that a corporate career does not. During the start-up period of your business you will earn little or no money. Therefore, it is essential to stay focused, determined and to overcome challenges intelligently. The most important thing is to know how to lift your foot when necessary and think about your well-being first.
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