2. A business idea forms the foundation of business – What is a good business idea like?
A business idea is the starting point for a new entrepreneur. It is hard to become an entrepreneur without a good business idea, or found a company, or formulate a business plan.
A solid business idea enables business operations; there is demand for it and it has something that other companies do not have. Before starting a new business, it is a good idea to gather enough information about the new company’s future target market and also test how potential customers feel about the idea.
What constitutes a good business idea? Read our tips >
3. A carefully drafted business plan sums up your company’s goal
In addition to the business idea and company form, the business plan forms one of the cornerstones of a new business. A good business plan tells:
- What the company does, for whom, why and how
- What the company’s goal is and how it plans to get through difficult situations
A starting entrepreneur should also carefully perform profitability calculations. You should draw up your business plan as soon as you have a clear business idea because you will need it when dealing with the authorities and applying for financing. There are various free templates for building a business plan available online. You can use them for formulating your plans and at the early stages of founding your company.
Read more about drawing up a business plan >
Business plan template >
4. Is there any support for starting a business and what subsidies are there available to new entrepreneurs?
There are different subsidies available to entrepreneurs that will help your business to get financially started. For example, a start-up grant, pay subsidy or corporate financing for farmers. Just remember that it is a good idea to familiarise yourself with the terms and conditions of the available subsidies well before starting your business. For example, you can't receive a start-up grant after starting your business operations.
Learn more about the subsidies available for starting a company:
Start-up grant >
Pay subsidy >
Corporate financing for farmers >
5. Select the right banking and insurance services for your business – We will support your company through the different stages
A new company should sort out its banking and insurance services as early as possible. We can provide you with helpful information, for example, on financing as well as banking and insurance services that support your business.
Entrepreneurs must manage a wide range of payment transactions, and you also need tools for procurement and using electronic services. We can provide you with effective services that facilitate the daily management of your company’s finances.
Account and card
As an enterpriser, you can open a corporate bank account and order a bank card online. Once your company has become OP’s customer, you will need your company’s memorandum of association that has been submitted to PRH as well as the board minutes regarding the opening of the corporate account and the services you have selected.