The choice between becoming self-employed or incorporating a company depends on several factors.

Here I will provide you with an overview of both options so you can make an informed decision.

Being self-employed means working independently and being solely responsible for your business. Some advantages of being self-employed include:

Ease of establishment: Registering as a self-employed is a relatively simple and fast process. In a few days it can be processed correctly, although we advise you to do it with the help of a qualified advisor, such as Lladó Consulting Group.

Total control: You will have full control over your business and decision-making.

Fewer legal requirements: Self-employed have fewer legal obligations and requirements than companies. They depend on several factors, and not all self-employed workers have the same obligations to public institutions. You must be well informed before registering.

Tax benefits: some expenses related to their professional activity can be deducted from the tax return.

However, there are also some disadvantages:

Unlimited liability: As a self-employed worker, you are personally responsible for all debts and obligations incurred by your business. Unlimited liability can be an important factor to consider when deciding whether to become self-employed or incorporate a company. If you value protecting your personal assets and separating your personal finances from your company, it may be preferable to form a partnership.

Growth limitations: Being self-employed can make it difficult to get financing to expand your business. Limited economic resources. Limited investment capacity. Time and capacity limitations. Market and competition limitations.

On the other hand, incorporating a company implies creating a legal entity separate from the partners. Some of the advantages of setting up a company are:

Limited liability: In a company it implies that the partners or shareholders are not personally responsible for the debts and obligations of the company, limiting their liability to the capital or shares that have been invested in it. This protects your personal assets in case of financial difficulties of the company.

Greater financing capacity: It is easier to get financing for a company through loans or sale of shares. There are financial institutions that have specific financing products for incipient projects, which meet some requirements.

Growth and expansion: A company offers more opportunities for growth and expansion compared to a self-employed professional. The image of a company is characterised by a more formal and complex organisational structure, with the participation of multiple partners or shareholders, a clear division of responsibilities and a greater capacity for financing and business growth. On the other hand, the image of a self-employed person shows a person working autonomously, assuming all the responsibility for their business and with a simpler structure, but with less capacity for growth and less protection of their personal assets.

However, there are also some disadvantages:

Greater administrative complexity: Companies have more legal and accounting requirements, which implies more paperwork and associated costs. Constitutional procedures. Accounting and tax obligations. Government bodies. Modifications and changes in society.

Increased supervision and regulation: Companies are subject to stricter regulations and audits.

It is important to assess your specific needs, goals, and circumstances before making a decision. In addition, it is advisable to seek the advice of a professional, such as a lawyer or a tax advisor, to obtain a more precise and personalized guide depending on your situation.

From Espai 114 we support you when starting your company by offering you entrepreneurial tools, business domicile and professional activities, financial solutions, consultancy, coworking space…

We are the Badalona’s Business Center, to give visibility and possibilities to your business. At Espai 114 together we form a team; we want to inspire you and accompany you.

Storytelling is used in entrepreneurship as a tool that will help you capture the attention of your clients, communicate with them and make your projects successful.

Capturing the attention of your current and potential customers is important to generate income and give a good brand image. For this reason, storytelling will be the perfect tool to achieve all these objectives.

Storytelling is the art of narrating a story with the ability to transmit certain feelings to the user of that narrative.

Regardless, from the messages transmitted, users should feel identified or attracted by these feelings. It must have a positive impact and ensure that the message last in the minds of consumers in a memorable way.

This concept can be applied both to tell the story of your company and those of your products or services.

To carry out a storytelling correctly, we must take into account a series of foundations to build a well-told story.

First, we must establish the topic or message you want to transmit and decide through which emotions we want to do it. It is these emotions that will connect with the receivers of the story. Next, this story that you want to narrate must be structured according to the message. What is the objective, the theme, how it will start, how it will end, etc. Finally, the main characters or elements that will give life to the story or that will be in charge of its narration must be defined. (Here you will find an example of Storytelling).

Once these foundations are established, it’s time to start scripting the story and doing a market study. In this way we will be aware of our current situation, what our competition is like, if you have ever used storytelling in your company, what things we can improve, which ones we cannot, etc.

If you don’t know how to connect with your audience or how to explain who you are, your company, products or services, using storytelling is a great solution.

We are Badalona’s Business Center, to give visibility and possibilities to your business. In Espai 114 together we form a team; we want to inspire you and accompany you.

Tell your story!

In recent years we have all taken a step towards remote work. For this reason we must make sure that this type of work gives us the same or better results than working in the office.

To do this, we need to create a distraction-free environment and choose the best remote work tools. Wherever you are, these tools will help you increase your potential and work performance.

Zoom

One of the most popular video conferencing platforms. With Zoom we can communicate with audio, HD quality video and share our screen with other people.

Teamviewer

This tool is a connectivity platform, to access, control, manage, monitor and repair devices remotely, from computers or mobile phones to industrial machines and robots.

Canva

With this tool, you can build your brand from scratch or improve it without investing resources in graphic services. In a matter of minutes you can create logos, brochures, presentations, advertisements or banners. It is very easy to use and has many plugins, templates and a large library of royalty free images that you can use in your designs.

Asana

This platform allows you to create and organize your projects and commercial jobs. Each project has a leader who can delegate individual jobs to team members. In addition, the whole team can add notes, comments and documents directly to the project.

Signaturit

This app offers a unique digital signature and certification service. It makes it much easier to track what team leaders sign. With this tool you can sign contracts, process new members, make payments, etc.

Google G-Suite

It is a set of applications provided by Google to help better organize your business. Includes email, Hangouts, calendar, documents, and a drive.

We hope that all these tools will help you in your day-to-day life, and that in this way you will develop remote work in an easier and faster way.

We are Badalona’s Business Center, to give visibility and possibilities to your business. In Espai 114 together we are a team; we want to inspire and accompany you.

Would you like to work in a team where everyone is heard and valued? This is what democratic leadership is all about, which we will explain below.

It is a modern and effective management style, in which leaders work in collaboration with their team to reach common goals.

It is a working method where the management style actively involves all team members, either to make a decision or to reach common goals. This method of working is ideal because it ensures that all opinions are considered and that all team members feel heard. This causes an increase in involvement with the company and also very high levels of proactivity.

Below we explain what their characteristics are.

• Maintain healthy communication with all group members.
• Great adaptation to changes. This flexibility allows them to respond more positively to both changes and challenges.
• Promotion of a good working environment and good collaboration between the team.
• Delegation of responsibilities. This is one of the most important, since by doing this the chances of the entire workload falling on a single person is minimal.

Finally, we explain some of the advantages of applying this leadership method:

• We work to create a safe environment so that everyone can give their ideas.
• All members of the group play an active role in decision-making and the achievement of goals.
• Everyone will experience a greater sense of permanence.
• An efficient team with a better ability to take advantage of opportunities is achieved.
• Long-term workers show higher job satisfaction.
• The team gains autonomy and they feel confident in their actions and decisions.

Now that you know democratic leadership and all its characteristics and advantages, are you encouraged to apply it?

We are Badalona’s Business Center, to give visibility and possibilities to your business. In Espai 114 together we are a team; we want to inspire and accompany you.

Starting a business is an adventure, and like all adventures, it involves certain risks. Some of these are avoidable, but others can be mistakes that throw your effort overboard.

In this blog we will talk about the most common mistakes that tend to be made, whether due to lack of experience, ignorance of the business environment or bad business decisions.

Starting a business often involves many more steps and obligations than we could have imagined before we started.

The first time we start we will encounter obstacles to overcome and it is common to make mistakes. The recommendation is not to despair or let fear take hold of us. Find out as much as you can before starting your project, ask friends or acquaintances who have already created a company for advice. Leaning on professionals will be of great help and will prevent you from many headaches.

A common mistake is ignorance of the market where we want to enter This is a very determining factor in the success or failure of your business. Jumping into an unknown market without analyzing the competition and customers is very dangerous and could kill our plans in a few months.

The next mistake that entrepreneurs make is the poor choice of partners. The fact of choosing wrongly who accompanies us in our project can end in absolute failure and even you having to give up your company.

It must be taken into account that knowing a person in a certain environment is not a guarantee that the relationship as partners will be successful. A great friend or trusted family member can be a bad professional, and vice versa.

Another mistake is not giving importance to our team. The safest way to choose your employees is to define the professional profile you want for each position in the company.

By investing a little more time and care in the selection process, you will avoid potential problems or inconveniences.

It is also a mistake when starting a business to leave aside the legal aspects and the procedures. Every company is subject to a large number of laws and regulations that regulate its operation. Knowing all these obligations is practically impossible for a single person. If the company does not have everything in order, it is exposed to fines and sanctions.

Again, we recommend leaving it in the hands of professionals who will help and guide you throughout the process.

The last mistake that entrepreneurs make is to bear very high fixed costs. The workforce, services, premises leases are some of the fixed costs we will have. Accounts must be made so that they do not exceed the income.

A good way to reduce the cost of location is, for example, to work in a coworking space. You’ll save while having access to everything you need.

Now that you know what the most common mistakes are when starting a business, are you ready to create your project?

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

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