Dear entrepreneur:
Never throw in the towel. That's my best advice.
Because yes, I'll tell you right away, you have a rocky road ahead of you that will prompt you a thousand and one times to stop in the middle of your journey and throw everything to the winds. Dear entrepreneur, you are strong. When you feel the pressure pressing on your chest, when you feel like your efforts aren't bearing fruit, when you feel like you might have rushed into fulfilling your dreams, remember that excitement that stirred you inside and drove you to make the decision to start your own business. Feel it again. Take a breath. And continue, braver and stronger than ever.
I tell you, in summary, which is what we will try to address in this post. First of all, let us make it clear that the adventure of entrepreneurship is exactly that, an adventure. I will try to give you a series of tips that will help you to cope with the workload in the best possible way, with business strategies such as, for example, outsourcing functions.
From Inspira Workspaces We know, from pure experience, how difficult it can be to become an entrepreneur. And that's why, for us, entrepreneurship is synonymous with struggle, courage, and the most intense passion. However, and again based on our own experience, it's completely true that, at the beginning of their adventure, entrepreneurs don't really know what they're up against. Let's say that 80% of their motivation is covered by the pink veil of fulfilling a dream, and sometimes they don't see everything that comes with starting a new business.
1# Don't try to do everything by yourself.
One of the biggest mistakes that a huge number of people make is "wanting to do EVERYTHING themselves." If you try to handle all the procedures and professional tasks yourself, you'll likely end up overwhelmed, physically and mentally exhausted, and your levels of enthusiasm and motivation will plummet, tempting you to give up on your dream. Therefore, It is best to delegate tasks to people you trust or outsource some of them to other professionals in each sector. Realize that the one who knows the most about numbers will be your accountant and the one who knows the most about laws will be your lawyer. From our center, we offer each company a full direct debit service. In this way, we try to lighten the entrepreneur's workload by answering calls, managing correspondence, and keeping them informed of every administrative action we take. We can also create business cards, manage your accounting, advise you on any legal matters, create your website, assist you with your digital marketing, plan your training sessions, assist you in selecting your suppliers... With all these services, we help entrepreneurs focus fully on the quality and sales of their product/service, outsourcing the remaining issues they may not master or that require additional effort that diverts them from their main objective, incredibly increasing their creative capacity in the design and launch of their dream business.
2# Adapt to the times.
Dear Entrepreneur, Another piece of advice I will give you is; Never forget the passage of time and with it, the constant change of everything around us.. Understand that to stay alive you will have to live in a state of constant reinvention. And, never lose sight of your competition, never focus only on your own navel and observe how the rest of the companies in the sector adapt to the changes. Not to copy them, no, but to think about how to differentiate yourself.
But it's not all bad, entrepreneur. Because if you manage to not let yourself be intimidated by the upcoming difficulties, by the obstacles along the way; if you manage to stay strong and fight for your business, you will know how rewarding it is to see your project prosper, with your own sweat, with your own courage and enthusiasm. You will meet many clients, many of whom will abandon you for the competition, but many others will remain loyal to you for many years to the point of forming true friendships. And that satisfaction, dear entrepreneur, there are no words or expressions that can describe it.
Us, from Inspira Workspaces, we have always felt a complete and sincere involvement with our clients' businesses. For this reason, we dedicate a great deal of effort to our work of support for entrepreneurs, trying to advise them on how to carry out their business venture with advice that only personal experience can give. It is very important that, especially at the beginning of your adventure, you let yourself be advised by other professionals who, perhaps in their day, made many mistakes that can make you reflect on how not to fall into them yourself.
Then HERE I am leaving you with an article that I read not long ago and that I found quite enlightening and practical when facing the reality of starting a new business.
3# Identify the factors on which to focus your efforts.
Well, but We must not forget the ultimate goal of your business: selling. It's extremely important that the numbers end up working in your favor. You must consider where you can afford to save costs (especially at the start of your business), but you must also identify those factors where it's worth investing a little more money. And I say invest, not spend, because if we get it right, the results will far exceed this initial investment.
Many companies fail to differentiate these aspects and end up making huge mistakes by saving money on certain items that end up costing them heavily. For example, many people skimp on their tax domiciliation by not having a physical address or a contact phone number. This only results in losing potential customers and creating distrust and a dubious reputation by not being listed anywhere on the map. As you well know, Inspira Workspaces offers different options of Domiciliation, both commercial and fiscal, providing our clients with flexible options, trying to adapt perfectly to the needs of each person.
Other professionals prefer to look for very cheap offices that give a terrible image because they are of poor quality. It is very important to feel comfortable in your workplace to boost your productivity, and above all, to project an image of professionalism and reliability to our clients. Our Workspace offers you the opportunity to rent your own office. fixed office at any of our two locations, Atocha inspires e Abascal inspiresFor years, we have focused our efforts on conditioning each of our offices, offices and rooms so that they become true business paradises, with everything necessary to carry out work but also with aesthetic taste that ensures a good corporate and professional image.
On the other hand, approaching the marketing and advertising sectorMany people fail to appreciate the importance of these aspects, reducing their expenses to a minimum and, consequently, reducing their visibility and ability to reach a greater number of people, thus expanding their visibility. There are many examples of truly professional companies that, however, have a completely outdated website, aesthetically obsolete and completely blinding to the value of the product or service they are offering. Inspira Workspaces we offer this service through the best professionals, ¡ask us!
Another case that comes to mind is entrepreneurs who decide to handle their own accounting, labor, and legal matters without really having any idea how to do it. Sometimes, it's better to shell out a little more money and invest it in peace of mind and reduced workload rather than skimping and incurring real headaches, which also don't guarantee the correct resolution of these issues and keep you from focusing your efforts on the original core of your business idea. However, the biggest risk is doing things wrong and then having unwanted consequences from the various public authorities in the form of sanctions. Hire the services of a good legal and business management professional and sleep easy. Again, from Inspira Workspaces we offer you this service through the best professionals.
A very good article that explains from personal experience The mistakes a new entrepreneur made es this, which I recommend you dedicate a few minutes of enriching reading to.
These are just a few of the many examples that we should not forget when it comes to sharing expenses. Because… yes, the expenses are considerable… But the rewards of good work and a good distribution of the investment far outweigh it.
4# Establish what your fixed expenses will be.
Below I list you Some of the items that, whether we like it or not, we must put on the expense list when we started our professional roller coaster:
- Notary, Commercial Registry and Start of Economic Activity Fees:
To form a company we must request up to 5 names in order of preference from the Commercial Registry. After granting them, we must go to the notary and form our Company. Here You can request a Workspace/Coworking el use of your home. After the incorporation of the Company, we must register the deeds in the Commercial Registry and register the activity with the Treasury and, with these deeds registered, we can open the bank account and operate with it. If you want to find out more about all the steps to follow to incorporate your new company, I advise you to read one of our articles which we dedicate exclusively to explaining this topic step by step.
Calculate for this item about 600€. If you hire Our management services We will take care of all the arrangements for you for free.
- Advisory Fees. Calculate around €200+VAT/month.
- Office/domiciliation fee. The cost/month of a direct debit is around €50+VAT/month. If we also want our calls to be answered, the cost would rise to €80-100+VAT/month. Inspira Workspaces have a promotion currently with which The first service will cost you €33,75+VAT/month, the second 66,75€+VAT/month. In the case of the office, the price can vary greatly. A office In a workspace for 2 workstations it can be around €500-700+VAT/month.
- Self-Employed Contribution Payments. About €365/month. Find out more HERE on the flat rate for non-corporate self-employed workers for €50/month.
- Payment of the corresponding insurance (in case you need to apply for it depending on your professional activity sector). This insurance can vary greatly depending on the sector, consider around €200/year.
- Office rentals, patents, and furniture and materials to create the product/service. Again, this is a game that can vary greatly depending on your activity. The alternative of hiring a office fully equipped in a coworking It has the advantage of saving you any type of investment in furniture, construction, electricity, plumbing, lighting, locks...
- It is very important that you make sure to take out a Line of Credit to cover possible cash flow gaps between the supply and payment of your products. This item obviously does not have as much impact when you provide a service. Compare with the different banks and above all... read the fine print!
- Informatic team. Allow around €500-€1000. Depending on your activity, this may be an essential item, so don't skimp on something that will be your main work tool.
- Corporate logo for your new business. En Inspira Workspaces we can help you with this.
- Company website for online promotion. Again, it is very important to know what your activity is. Having a bad website will limit you in everything you do and will not allow you to grow. To make a good website, you can calculate around €1000+VAT. Although you can spend much more, this is a “reasonable” amount.
- Online marketing. It is advisable to outsource this type of functions to expert companies in the field that can improve your web positioning through marketing strategies to increase the visibility of your business and, therefore, reach a greater number of users. A reasonable fee for this service can be around €200+VAT/month.
- Choosing the ERP/CRM platform. We must select the software that best suits our business. There are ERPs designed for specific sectors, and there are other free ones that we can start with. I suggest this one: held. The choice is of vital importance to improve our processes and optimize times.
- Payment of taxes to the Treasury and Social Security. It depends on your income level. But trust me, the more taxes you pay, the better. That means you're doing well.
- Cost of your employees, if you have them. To the amount you decide to pay them, you must increase the gross salary by 32% for Social Security.
- Supply costs: electricity, water, gas, internet or telephone line among many others. All these and many other expenses are included when you hire a fixed office within Our Coworking.
En this website You will be able to find the main expenses I am talking about, detailed one by one.
As you can see, this is not going to be a bed of roses. But trust in your dreams. With motivation and effort, EVERYTHING can be achieved. However, it is often necessary to ask for help, and there is absolutely nothing wrong with that. Quite the opposite. It is a sign of intelligence and awareness towards a job well done. From Inspira WorkspacesThere are numerous success stories that we have experienced from many companies that have trusted us with their functions. domiciliation, which have settled your office in our facilities or have made use of our meeting rooms to host great events. And we couldn't be more proud of it.
I end with a phrase taken from the voice of Mr. "Ángel María Herrera", founder of the Evoluziona Group, which says:
“IN THE END, IT ALL COMES DOWN TO PERSONAL RELATIONSHIPS. NETWORK!”
Meet people, attend events, establish human relationships that in the end, are the greatest pillar of business that exists. From Inspira Workspaces I encourage you to be part of our Coworking If you have decided to become a brave entrepreneur and are starting a new business project, do not hesitate and join our team. I assure you that you will meet many people from different areas of the business world with whom you will establish human relationships that will be of great help to make your business run more smoothly and satisfactorily.
Dare to jump into the pool with us!
