How to avoid the most common mistakes that entrepreneurs make before starting their own business
Posted: Mon Dec 23, 2024 4:34 am
Every entrepreneur knows the steps to start a business, but they must also take into account the most common mistakes that can be made when creating a company in order to avoid them. Therefore, below we indicate several points that you should consider before starting a business:
Company Creation
Tags: business , entrepreneur , SMEs
Image
shutterstock_1043501293.jpg
Pay special attention to the business plan
It is the basis and roadmap for any new business project. Therefore, it must be carefully prepared and correctly define the target audience, the size of the market, the importance of the competition, offer realistic expectations and explain the sales policy. In addition, it is essential that the writing is clear and precise and that spelling is taken care of.
Delay in applying for grants
These types of errors are very common, so every entrepreneur mexico cell phone number lookup be aware of all the updates to the websites of the different Administrations (central, regional and provincial). It is important to take into account the deadlines and documentation that must be submitted in each case.
Paying the IAE is not the same as registering for it
Another very important issue is not to confuse paying the Tax on Economic Activities (IAE) with registering for it. All self-employed persons and legal companies with a turnover of less than 1 million euros are exempt from the tax. However, these entities must register for the IAE so that the Tax Authority has a census of all business activities in Spain.
To do so, you only need to present your ID, the Economic Activities Tax form and forms 840 (IAE Declaration) and 848 (presentation of the turnover to calculate the amount to be paid) and it can be managed on the Tax Agency website.
Missing deadlines for procedures
In Spain, opening a business requires an average of 10 procedures that take an average of 28 days. For this reason, an entrepreneur must know the deadlines and documentation needed for each procedure and thus avoid any unforeseen delays.
If you have thought about starting a business, at the Spanish Chamber of Commerce we have two programs for you: on the one hand, PAEM (Business Support Program for Women) and on the other, España Emprende , a program aimed at all people who want to start their own business.
Company Creation
Tags: business , entrepreneur , SMEs
Image
shutterstock_1043501293.jpg
Pay special attention to the business plan
It is the basis and roadmap for any new business project. Therefore, it must be carefully prepared and correctly define the target audience, the size of the market, the importance of the competition, offer realistic expectations and explain the sales policy. In addition, it is essential that the writing is clear and precise and that spelling is taken care of.
Delay in applying for grants
These types of errors are very common, so every entrepreneur mexico cell phone number lookup be aware of all the updates to the websites of the different Administrations (central, regional and provincial). It is important to take into account the deadlines and documentation that must be submitted in each case.
Paying the IAE is not the same as registering for it
Another very important issue is not to confuse paying the Tax on Economic Activities (IAE) with registering for it. All self-employed persons and legal companies with a turnover of less than 1 million euros are exempt from the tax. However, these entities must register for the IAE so that the Tax Authority has a census of all business activities in Spain.
To do so, you only need to present your ID, the Economic Activities Tax form and forms 840 (IAE Declaration) and 848 (presentation of the turnover to calculate the amount to be paid) and it can be managed on the Tax Agency website.
Missing deadlines for procedures
In Spain, opening a business requires an average of 10 procedures that take an average of 28 days. For this reason, an entrepreneur must know the deadlines and documentation needed for each procedure and thus avoid any unforeseen delays.
If you have thought about starting a business, at the Spanish Chamber of Commerce we have two programs for you: on the one hand, PAEM (Business Support Program for Women) and on the other, España Emprende , a program aimed at all people who want to start their own business.