On the way to independence there are various ways. Each of them presents different opportunities and risks. The type of business creation must fit in each case to their personality and their entrepreneurial skills. Therefore, test time whether their preferred path is actually correct. Whichever way you choose depends on, among other things, on three factors: how much leeway they want? Can the risk be reduced? Is there an opportunity to buy or lease a business?
founding
start at the business start it at zero. You need to market their first win yet, and then consolidate their position in the market. You have to build relationships with customers and suppliers, looking for a team of employees to acquire a reputation. In short, you have to get through an initial stage. A start-up operation involves not only risks it also brings the opportunity to build the company according to their own ideas from scratch.
Team Foundation
many advantages for it to set up the operation is not alone but together with one or more partners. Working with partners, a number of advantages:
- lack of know-how is complemented
- Responsibility and risk are shared
- equity base is expanded
- more collateral to borrow loans are available
- Working time can be reduced to better use and
prerequisite for successful Team formation is that the chemistry between the founders right. Check around, especially how to handle conflicts. If all the critical points raised? Stick to facts? Can you talk after a fight with each other again? They may need an external coach who moderated their conflicts? Partnership agreements should specify not only clear responsibilities and tasks, but also agreements on what happens in case of conflict. Play it in advance so potential problem cases and solutions through
Very important: create together the business plan, to be sure that they are both on the business objective and on the way to achieve the objective in agreement.
Regardless of the legal form should set them all agreements in writing.
- and tasks
- voting procedure on overall business decisions
- representing the company to the outside
- the amount of shareholder contributions
- Maximum amount of monthly private withdrawals or salaries
- response to "empty coffers"
- solutions to possible litigation (eg decision making for investments, use of company car, employing staff)
- response to Termination of a shareholder
- response to dissolution or sale of the company
Innovative start-ups
Many innovative start-ups have a future if they are oriented on the market: for example, with new products or services in the field of biotechnology, microelectronics , environmental or information technology or telecommunications.
rights
crucial for innovative start-ups is often that they can protect their product, their service, or a procedure. A property right gives them the sole power to dispose, for example, about a product for a specified period of time. Rights such as patents, utility models, trade marks and designs are registered with the German Patent and Trademark office. Do you want to protect their product, for example in Europe or in certain countries, they must register the property right for the European Patent Office or foreign patent offices.
costs and promote
through registration and annual fees to the Patent Office and the fee for a patent attorney apply. Additional factors are the time required and a series of bureaucratic rules. Therefore: You should weigh costs and benefits against each other and let it expert advice. Technology-oriented start-ups are, however, particularly supported by financial funding assistance from the federal, state and the EU for research, development, innovation and market development:
- ERP Start Fund / High-Tech Start-up Fund
- EIF / ERP Fund / ERP Innovation Programme
- SIGNO Germany
- EXIST Gründerstipendium/EXIST- research transfer
- equity programs
purchase by private or foreign management
In a management buyout (MBO), the company by its own management, in usually by senior executives or the board adopted. In Management Buy-In (MBI), however, the acquisition of a company by managers from the outside is understood. The combination of MBO and MBI is a joint acquisition of internal and external managers.
participation in an operation
for participating in an operation are the same recommendations as for the issue of succession. The price for the participation of the future prospects of the company and on the specific arrangements of the partnership agreement will determine whether the entry is useful in the business or not.
Outscouring and spin-off creation
When Outscouring certain Company departments to self "dismissed". From the marketing department, for example, be an Independent Advertising Agency, from the HR department a personnel consulting. The department concerned is outside of an incubator and an external company be taken over. The external single founder should therefore prepare as a business succession.
The spin-off creation is a variation of Outscouring. Characteristic, however, is the close partnership between the parent (incubator) and the newly founded companies. In addition to playing spin-offs from the rule in research and development. The incubator is usually technical know-how, entrepreneurial Experience, contact with customers and suppliers, networks, possibly operating rooms.
Before internal executives agree to a spin-off, but the following questions should be answered:
- Can the company access to existing customer contacts of the incubator?
- Can the spin-off companies also include relationships with competitors of the incubator?
- What powers the incubator company in the business policy?
- How long has the company shares in the incubator spin-off companies?
- Is the business incubator ready during the initial phase to ensure the liquidity of the spin-off company?
- to what extent the management of the incubator is accountable?
- are excluded certain products from development and from the sales?
It greets
T.
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