There are two patterns for starting a business: establishing a corporation and starting a business as a sole proprietor. A sole proprietor can start as soon as he / she submits a business start notification, and there is no initial cost.
There are many things that must be done before opening a corporation, such as raising funds and procedures for government offices. Many people who are establishing a corporation for the first time feel that the hurdles are high. However, nowadays, in addition to professional agency services, the number of document creation tools is increasing, and the number of people who set up their own companies is increasing.
In this article, I will introduce the attitude before starting a business and the procedures necessary to establish a company.
What do you do with ideas and stories when starting a business?
It starts with deciding on a business model and what kind of industry to start a business in. Here are some typical examples of ideas for starting a business.
Make the most of your specialty
The most common pattern is when you start a business, you just use your area of expertise as an idea for starting a business. For example, this may be the case when a person who worked for a consulting company becomes independent.
If it is your specialty, you may be able to create features that other people or companies cannot offer. If you’re good at something, it’s a good idea to use it as an entrepreneurial story.
Use what you want to do as an entrepreneurial story
Those who want to do this kind of work in the future, apart from the work they are doing now, can use it as an idea for entrepreneurship. For example, if you are a person who wants to do a restaurant in the future, why not use it as a base for your entrepreneurial ideas?
Solve your problems
I think there are many cases where you start a business to solve your problems. When you are in trouble, you are rarely in trouble, and there are quite a few other people who are in trouble, and there are needs. Many people start their businesses in this way.
Ask someone close to you
This is also an advanced version of solving one’s own problems, but ask and observe what people around you are having trouble with, or what kind of things and services they want. Is also good. It may be a better entrepreneurial idea if you have a perspective that you do not have.
You may also want to refer to the books of entrepreneurs and entrepreneurs you admire.
Get hints from best practices
This would be the case if you started a business in Japan by taking advantage of successful cases overseas.
However, it is important to add your own arrangement rather than bringing it in its entirety. If you refer to overseas cases, you have to think about how to succeed.
Raising the funds needed to start a business
Even if you have an idea to start a business, you cannot start a business without funds. So how do you raise money for entrepreneurship?
Ideally, 1/3 of the start-up fund should be self-funded
It would be nice if we could prepare all the funds for starting a business with our own funds. But that would not be the case. The cost of establishing a company is enormous because it includes not only the “statutory cost” of registration but also office and capital investment.
When receiving a start-up loan at the time of starting a business, there are cases where the self-financing ratio is subject to examination, so it is safe to prepare your own funds with about 1/3 of the opening funds as a guide.
Use subsidies, subsidies, etc.
These days, with the aim of increasing the number of people who start businesses, we are preparing subsidies and subsidies that national and local governments can apply for at the time of establishment. There are various requirements such as industry and period, but if your company suits you when you start a business, why not apply?
Investment from investors
You can also get investment from individual investors or venture capital. Investors and venture capital often get returns from listings. So it will be difficult to procure unless you have a solid business plan and a business model that will ultimately allow you to aim for listing.
Recently, the number of cases of collecting funds using crowdfunding services is increasing. Crowdfunding is a mechanism to introduce services and missions and collect funds from people who have the same philosophy or who sympathize with the philosophy.
There are also merits that soliciting investment will have a marketing effect and that external evaluations can be known before starting a business, so it is a good idea to use these new procurement methods.
Procedures required for starting a business
After deciding what to do after starting a business and how to raise funds, we will finally proceed with the procedure for opening a business. Here is a summary of the procedures required to establish a company.
Determine the outline of the company and prepare the articles of incorporation
The first important procedure for establishing a company is the preparation of the articles of incorporation. The Articles of Incorporation are the rules that form the basis of a company. It is necessary to determine the business purpose, company name, location, etc.
The business purpose and location have already been decided, but you have to decide the company name yourself. In addition, there are rules when deciding. Even if you have already decided on a company name, it is a good idea to check whether you can register, acquire a domain, and make it easy to search and remember.