Forums: Discussions for entrepreneurs and small business.

Hello Everybody

 

I am a young guy with a head full of ideas, I want to start up my own company and make it big like many others have, but I would be interested if anyone out there can help me with idea’s  or share their knowledge on how I can break in to a European/ international market…

Points I would like to be helped with are

Venture capital

Financial aid for research and development

Help with copy right applications

Investments

EU  finance?

 

I think to get everything going I will need around 300,000 dollars.

 

Any help or tips would be very much appreciated.

JK

Go to the home page of Startupnation.com and click on "10 steps to open for business"

You can`t go wrong. It`s laid out there for you step by step.


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Get Your Name in ".com" at the International Internet Authority

Read those 10 steps, then read the many threads involving similar requests. Generally, the more you can refine your idea into a step-by-step business plan, the higher the odds that you`ll begin to move forward.

I`m interested in why you are specifically interested in breaking into the European market? Is that where you think the market is for your idea?  Which country?  Asking `cos I`m a European and have launched products over there and over here...

This also may sound a little trite but the toughest thing is getting started!  Its also the easiest thing because once you do, providing you keep at it, then one way or another it will all fall into place.  The funny thing is, the idea you start out pursuing is often very different from the one that will ultimately come to market...part of the entrepreneurial journey is figuring out how to adapt your idea and business model to the reality of the markets and customers.

So many people `talk` about one day being entrepreneurs and the only thing stopping them from doing it...is doing it.  One last thing...try to make a little progress every day...if you do, you`ll be surprised how far you get in a relatively short space of time.

A little plug for my new venture...Advisor Garage may be able to help connect you with people that can help...give it a try!

Being an entrepreneur is a truly wonderful experience...especially when you see what was once in your head in a satisfied customers hands!

Good luck! 

Andrew
http://www.AdvisorGarage.com

 

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Andrew PS - Here's a free report on creating your startup success. Free report

The first thing you need to do with your "head full of ideas" is to narrow these ideas down into one or two that you have a passionate interest in.

Next, you need to do some research. You need to know if there is an existing need and market for your idea. Your idea should have a unique way of solving or addressing problems for that market.

You may want to start here and participate in the forum and ask questions and bounce ideas:

http://forum.researchinfo.com/

Remember, if your idea does not have the potential to beperceived and received as useful and necessary to a significant group of individuals or businesses someplace on the planet, you will be wasting your time.

After you do initial research, you will need to develop a business plan. Business Plan Pro has great tools for every aspect of starting and growing a business:

http://www.paloalto.com/

Here is a "must-read" - The BootStrappers Bible

http://www.changethis.com/8.BootstrappersBible

Stick to it. You have plenty of time.

www.GettingYourMoney.com

"Whether you think you can, or think you can`t - you`re right." - Henry Ford

"All truth passes through three stages. First, it is ridiculed. Second it is violently opposed. Third, it is accepted as being self-evident." - Schopenhauer

Stay positive and think for yourself. 

 

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How To Effectively And Legally Raise Money From Individual Private Investors For Your Start-Up Company Or For Real Estate Investment -- www.GettingYourMoney.com

a friend has just started up a business, he is asking me to do his accounts, i havent got qualifications but am confident in all areas.im just about to start a course for starting my own book-keeping & payroll business, but it doesnt give you a recognised qualification, they are optional at extra costs etc

just out of interest what qualifications do you need to be the company account, to do all end of year stuff etc..........

i always thought an outside accountant was needed for any company

im confused can anyone clarify

Are you in the US, Canada, or somewhere else?

What is the structureof the business?  Corporation, Sole proprirtorship, etc.

 

The accounting requirements will largely depend on the business structure and area the business operates/is registered in.

As far as accreditation goes, I know a little, but will leave it to those with more insight to respond to that one!

There are many different qulifications you can possess to handle things.  At the far end of the spectrum are CPAs and at the other end are bookkeepers.  Check out http://www.aipb.org/index.php 

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www.LukasCoaching.com

Low-cost website design, payroll processing, bill payment, bookkeeping and financial coaching for the distressed or well-off consumer or business.

Full service coaching firm offering, career, financial, health & nutrition and business coaching.

Hi Tayla

If you are interested in being a professional bookkeeper, look to American Institute of Professional Bookkeepers.  See www.aipb.org.

Its this institute that is thorough in educating future bookkeepers it has a certificate program that will give you the credit you need. 

 

There are a lot of activities that you will find yourself doing for year end such as.

1.      The closing of all expenses and revenues to owner’s equity or stockholders equity

2.      The issue of qualified 1099’s for vendors or contractors.

3.      The year end of corporation’s annual income report return filed to the state.

4.      Company’s financial Year End Comparitive statement or standard statements with financial notes of activity if a public corporation (small business are too encourage to include these notes since it is the latest trend in financials)

5.      The issue of w-2’s for employees from the prior year

Before all this year end issues that you will face there are monthly, quarterly, semi annual and annual reports that will be needed depending on the type of business and its activity.

In the end when pursuing your profession as a bookkeeper they will only cover so much as far as accounting goes, there are tax issues that you will need to be aware of and on top of each month.  Not that if the company sales and delivers products to different parts of the country (US) they will or may be likely to the sales tax liability for that state and local area (city or county).  That being said the company will have to register as a interstate or foreign commerce.  Look to the department of revenue for more on that.

Good luck with your profession!

Bree

 

I have an idea for a food product but have never worked in that industry.  Does anyone have any contacts for trying to bring the product to marketplace?  I have no idea how to go about the process.  I have contacted several local food manufacturers that have distributorship with local stores throughout the area, but have either not heard any sort of reply or they don`t accept "ideas" from the public.

I see that most people suggest starting the patent process....can a food product really be patented??... usually you see several types of the same product from different manufacturers.  Although this product is just a combo of current items available, I don`t believe I have ever seen my product available in the marketplace.

Thanks!