Successfully establishing a self-employed business depends on many factors. A good idea, entrepreneurial qualities, and a well-thought-out business plan are essential prerequisites for a successful business launch. 

The Business Plan

• The Founder as the Driving Force of the Business
• The Right Location
• Receptive Markets, Customers, and Competition
• Profitability – Revenue, Costs, and Profit
• Liquidity – Capital at the Right Time

Public Financial Assistance

• Funding Programs – Grants, Loans, Guarantees
• Eligibility Requirements
• Combining Funding Sources Effectively

Legal Structures

• Business Legal Structure – Spoiled for Choice
• The Right Company Name
• Liability—Limited or Unlimited

Legal Obligations of the Entrepreneur

• Requirements and Permits
• Formalities—The Registration Process
• Freelance or Commercial