A start-up is a young company that is just beginning to develop. Start-ups are usually small and initially financed and operated by a handful of founders or one individual. These companies offer a product or service that is not currently being offered elsewhere in the market, or that the founders believe is being offered in an inferior manner. It means that your start-up business is quite unique.
So with choosing service or product is not enough. You also should set the country from where to start.
For the third year in a row, Germany is the world's best country to be an entrepreneur, according to the U.S. News & World Report's annual "Best Countries" rankings.
Take a look at Top:
- Germany
- Japan
- The U.S.
- UK
- Switzerland
- Sweden
- Canada
- Singapore
- Netherlands
- Norway
Sometimes it is not a good choice to determine most popular country and start with another one. When you are choosing the best country for your business, you should think and find out many things.
We suggest to :
- Do market research.
- Find out how to make it official (registration, taxes, bank account, permits and license, trademarks, copyrights, and patents).
- Think about financial part (funds, grants, investors, start-up incubator).
- Plan how to develop your service or product.
How to choose a location? Some suggestions:
Start by considering who your customers are and do you need to be close to them or can work in a distance (e-commerce).
Look at how nearby businesses, investors can enrich the quality of your business as a workplace.
Find out about the tax system in the chosen country.
If you still not sure where to set up your start-up or you still do not have ideas what to do with suggestions and management everything, you can use services from professionals.