What is the cost of establishing a business? Before investing the first euro in your future business, plan all the investment it will entail. In addition, you can see how you can finance in this post that we wrote on the blog.

According to the Expansion Dictionary, the costs of establishing a business are those that are accurate for the creation of the company and for the start of its activities, associated with the start-up of a commercial or industrial activity (such as studies, transfers, trademarks or patents), and which are carried out to the asset as a good of the company.

Forecasting results

How much could you sell in a month? From Espai114 we help you with our entrepreneurship tools,where you can find the business plan that we offer you for free.

 

 

Detailing expenses

We want to list the actual expenses to start with a business. The items that generate the most fixed costs are those of the space and in human resources.

The costs of premises include a periodic lease, the deposits of the same, the conditioning works, the construction project, the furniture, the costs related to the maintenance of the premises: water supplies, electricity, telephone, cleaning and maintenance. You should also have a computer, a software to work with, a POS and a website, or online store… this would be joined by a computer service. Investing in an insurance policy and alarm system will save you a lot of headaches. When you start a business you also have to pay for municipal licenses, fees and taxes.

As for expenditures on human resources, you will have to budget payroll and premiums, depending on the number of workers you will have, in addition to the costs of the self-employed and the hiring of legal / labor / tax counseling. Travel and diets should also be taken into account.

To all the above you will have to add the expenses of banking services and financial expenses such as credit cards, or a vehicle or vehicles for the company, whether rental or own.

After all this great investment, you can not ignore other types of expenses characteristic of your activity, purchase of stock, courier services, logistics…

Put yourself in a situation

Thanks to the business plan we talked about earlier, you can make a feasibility plan and budget for what you’ll enter in the first year, even the next three. The key to viewing your business is knowing your fixed and variable expenses, how you will finance, how and when you will charge, etc.

 

 

Renting a space in our Business Center will save many of these expenses and especially part of your time in contracting supplies, renovating a premises or buying the furniture. You have the option to rent a table in our coworking to start your activity, or if you are more than one or your business requires it, a private office.

 

Are you clear about the cost of setting up a business?

 

We are the Business Center of Badalona, to give visibility and possibilities to your business.

In Espai114 we are a team; We want to inspire you and accompany you.

Do you know that there are free entrepreneurship tools that will make it easier for you to manage your new business?

To be entrepreneur. According to the RAE, to undertake and start a work, a business, an endeavor, especially if they are difficult.

 

It is because of this intrinsic difficulty in its definition that all help is good at starting a new business.

 

From accounting issues, management issues or work tools to communication platforms. All these aspects of the day-to-day life of your company, and many more, you can manage them easily through a large number of online programs or guides and documents that we provide for free.

 

Here are some examples:

 

Password manager

Starting a new business involves, in most cases, creating accounts on numerous websites or platforms,which we will need to develop our activity. Examples include Social Media accounts, email accounts or access data to our website.

 

At first there won’t be many accounts to remember, but over time the number will increase and our memoristic ability can play us a bad trick.

 

To help us with that, there are tools like LastPass that will simplify our workby securely storing all our accounts and passwords in one place All protected by a single master password.

 

Work calendar

All beginnings involve effort and dedication, but they also deserve days offto recharge the batteries.

 

For this reason we provide you with the Official Journal of the Generalitat de Catalunya,in which the days established as a work party are reflected.

 

Sharing documents

It is common the situation of having to send a file to customers, suppliers or other people related to our company, but when trying to do so by email we get a notice similar to “the size of the attachments exceeds the maximum allowed”.

 

This is where WeTransfer saves us. With its free tool, we can send files up to 2 GB to whoever we want and in a very easy and intuitive way.

 

You can find the full list of free entrepreneurship tools we offer by clicking here.

In an upcoming entry we will explain the details of more useful tools for your business.

 

 

We are the Business Center of Badalona, to give visibility and possibilities to your business.

 

In Espai 114 we are a team; we want to inspire you and accompany you.

 

 

 

 

 

I think we all know that entrepreneurship is not an easy task. We want to start a project, show it to the public and make it a good reception, but putting it in motion means making mistakes, and learning from them.

In this post we want to inform you of some of the most common mistakes when it comes to entrepreneurship.

1. Not making a Business Plan: Indeed, you have to have certain knowledge and tools to properly realize a Business Plan. But it is so important that you cannot avoid this initial step. You’ll need to be clear about what funds you have to get the business going and where you’re going to get it from. What expenses you’re going to face, too. You will make a forecast of income and expenses that will be revealing. It’s a great exercise!

If you want us to send you a Business Plan model, write to us here: I want a Business Plan

2. Lack of long-term vision: When starting a project we have to take into account many things, and one of the most important is to have a short-term and long-term forecast. Will the needs of the population be changed, or will they be the same? Will the market be himself in 2 or 3 years? Will the product or service I offer remain viable? Having a long-term business vision can prevent your product launch from failing.

3. Lack of communication: Communication is basic, and when offering a product we must know how to communicate and project what we want from this product. Customers must always know what you represent and that it sets you apart from great competition. Differentiation is a key point to success.

 

4. Lack of leadership: Behind a company there has to be a person capable of steerging it on the right track. This person must be a leader, and he has to know how to communicate, in addition to having a series of knowledge that helps the development of the product. It must be persistent, constant and have a good attitude when it comes to facing new challenges and overcoming difficult situations.

5. Not learning from our mistakes. It is a very common mistake, we all make it, and this is not synonymous with failure, on the contrary, it will give us the opportunity to learn how to do things correctly. We must not give up easily, we must face problems, and above all, learn from mistakes and not repeat them.

There are several reasons why an entrepreneur may fail, but lack of communication, leadership, disregarding what can happen in the long run or not learning from mistakes are some of the most common mistakes. If you want your business idea to thrive, keep in mind what is explained in this post.

We are the Business Center of Badalona, to give visibility and possibilities to your business.

In Espai114 together we are a team; we want to inspire you and accompany you.