How to start a business in 7 steps in 2023?

Step 1: Take stock of your entrepreneurial project

In order to create a business, it is essential that you develop your idea to turn it into a concrete project. You must have a precise overview of your future activity.

Why create your business? Take stock before you rush. Ask yourself the right questions :

• Why do you want to build your business quickly?
• Do you have a quick start-up opportunity?
• Do you want to leave your current professional situation urgently?
• Where can the activity be carried out? What type of room do you need?
• How do you plan to grow your customer base?

The creation of a business requires reflection on oneself, one's motivations and ambitions, but also on the establishment of a schedule, both in terms of deadlines and your budget. So ask yourself:

• What is the time required to start?
• How long will it take you to become profitable and get paid?
• What is the amount of your financial availability, of your savings that can be used for the time that you can pay yourself?
• What is the business model ? What are your goals ?
• What will the sales process be?

Questions about the feasibility of your project should also be asked:

• Are you able to carry out such a project (skills, diploma, experience, etc.)?
• Are your financial resources sufficient for the creation of your business?
• If you need other people to build your project, have you found them?

You will need to carry out a market study and a business plan to know your market and your assets.

Before setting up your business quickly, ask yourself if it will allow you to generate enough profitability to live on! You will need to carry out market research to:

• Validate the request in your catchment area;
• Know the expectations of your target clientele in order to offer them an appropriate offer;
• Analyze your competitors to differentiate yourself...

In addition, if your project requires it, it would be useful to protect your business creation project: filing a trademark , filing a patent ... After all this, you can move on to the business plan.

Step 2: The business plan

Depending on the size of your project, you can decide if it is necessary to make a business plan. Large business creation projects and companies needing to raise funds are obliged to build a business plan. In order to establish your business plan, you can appeal to chambers of commerce and industry and business creation support organizations.

If your project is fairly standard and does not require significant funding, a simplified forecast may be sufficient. This process can allow you to question yourself on subjects such as the expected turnover, the deadlines at which customers will pay, the operating costs to be expected, the most appropriate taxation in relation to your result...

The business plan will include financial forecasts and will allow you to:

• Anticipate your working capital needs
• To set up turnover objectives ;
• To know your break-even point (i.e. the minimum turnover to invoice so as not to lose money)
• Determine your financial needs;
• Identify your financial resources and partners...

Even if you do not necessarily see the usefulness of it, we advise you to draw up a business plan quickly.

Step 3: Choose a legal status for your business

Ditto, before you rush to complete your business creation administrative formalities, you will need to know which legal status to choose: a sole proprietorship, a self-employed company, a commercial company (EURL/SARL, SASU/SAS)?

Each legal status results in a different tax and social regime , but also a specific treatment of your professional and personal assets in the event of indebtedness. You will therefore need to find out about the consequences of your legal status before setting up your business.

In addition, business start-up costs differ depending on the legal form chosen. They are free for the micro enterprise , but count several hundred euros for a joint-stock company or for a limited liability company.

To quickly choose your legal status, you can go to web platforms specializing in the legal formalities for setting up a business.

In addition to the possibility of dematerializing certain procedures, this type of site also offers online questionnaires to help you identify the most appropriate legal status for your entrepreneurial situation.

You can also upload your supporting documents to your customer area, to move your file forward more quickly.

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