Are you thinking about starting a new business project? The reality is that Only 29% of companies created in Spain survive after the 5th yearThe numbers are alarming, but if we look at the causes it seems that the road is not so bleak. Many of the essential tasks before launching a new project are often omitted, and then the business project becomes a very complicated path, more subject to the laws of chance than to the entrepreneur's control. In the Inspira group We have been advising different professionals for 20 years, and we know perfectly well that the survival rate when things are done well is much higher than 29%.
The aim of this post is to help you understand each of the steps that must be followed if we want to create a business company. We already know that it can be a long and tedious process, so, as I mentioned a few lines below, do not hesitate to ask for help whenever you need it. Later I will tell you how Inspira Workspaces can give you a hand and advise you on everything you need.
It is essential that we carry out a thorough analysis of our project. Analysing the competition, demand, break-even point, expenses required to undertake the project, forecasting market behaviour in the medium term... are essential steps if we want to undertake. Below, I have listed each of them so that you can have a clearer idea of the key points that you cannot forget:
Step #1. Create your Business Idea.
The first step when you want to start a business is to build a project that is based on the foundations we have just discussed.
Step #2. Question yourself at all times, ask for the opinion of others.
Once we have created the business idea, it is very interesting to expose ourselves to the opinions of those around us, preferably qualified opinions. Those who have already done it and have been successful will be able to guide us much better. Not only at this point, but throughout the life of our business project, we must submit to a continuous questioning of what we do. The reality today is that things change at a much faster speed, and this must be faced with an absolute predisposition to adapt.
Step #3. Build a Legal Entity.
Once the idea has been confirmed, the next step is to form a legal entity. Depending on the activity we carry out, the number of partners, the available capital, the strategy, etc., it will be appropriate to form different legal forms, although the limited company is the most common form. How do we do it? I'll show you:
- Go to the Commercial Registry: To form a company, we must first request up to 5 names in order of preference from the Commercial Registry. Once the Registry responds, the name will be reserved for 6 months.
- Go to the Notary: The next step is to go to the notary and set up the company. A key point in this regard is the registered office of the company. A very practical and professional solution is to hire the services of a notary. Workspace/Coworking to be able to use your customer's home. This way, everything that is received will be notified, avoiding bad experiences. It is very important to select a place with experience and professionalism. How they serve us when we contact the center will give us an idea of how they will manage the service they provide us.
- We inscribe the Scriptures: Once we have formed the company, we must register the deeds in the commercial register and register the activity with the Treasury.
- Go to your Bank: With the registered deeds we can open the bank account and operate with it.
From the group Inspira Workspaces We can take care of all these procedures for you. What are the advantages that we offer you as a Business Center in terms of business consolidation? I will explain everything that our team can do for you:
- A very important choice is the agency who will handle all labor, accounting, commercial and tax matters. At Inspira Workspaces we can also provide you with the best possible service required by a new business project.
- Any new business venture will require a website, web positioning work, search for the best professionals in the sector, selection of trusted suppliers, telemarketing work, competition research, pricing positioning decisions, corporate image design, financing… The Inspira group aims to make your path easier in this new adventure.
- Similarly, there are many cases of companies that are forced to change the location of their headquarters for various reasons, either because they carry out their activity outside of Spain, but need to have a presence within Spanish territory, or simply due to a offshoring process, among others. In these cases, hire the services of a workspace, coworking or business center It is undoubtedly the fastest, cheapest and most flexible option.
- When a company starts its journey, the expense control It is a fundamental aspect, but at the same time it is essential to maintain a certain structure that gives credibility to our potential clients. Having a professional management with continuous and professional attention will help us a lot in this regard. Another key aspect is the telephone service.
- Serving our potential clients from a mobile phone, which we often cannot attend to because we are doing other tasks, does not seem to be the best way to project credibility to our potential clients. Nor does it seem like a good idea to have a person in charge of these tasks from the beginning, let us remember that fixed costs are one of the main causes of business mortality. From the Inspira Workspaces group we offer a very simple and economical solution. We offer the possibility of answer all your calls in a personalized way, We know your business and therefore convey a sense of belonging to the business project. For our telephone service, we create a tailor-made suit for each client, with different options for managing calls. Perhaps you prefer important calls to be transferred to your mobile at that moment, perhaps you prefer us to take all the data and send it by email, perhaps the ideal option for you is for us to arrange an appointment with the client. Sometimes our clients go further and entrust us not only with the handling of the call but also with its commercial management. We adapt to your needs in the most flexible way possible!
Our goal is to always be able to offer that added value that improves our clients' capabilitiesIf you are thinking of carrying out a telemarketing campaign and you do not have the time or resources to do so, we can take care of it. Perhaps what you need is administrative work, database processing, contract writing, needs analysis to launch a new CRM, redefine your administrative processes... We offer to help you find an extension of your structure in us.
One of our characteristics is flexibility, we like to adapt, and quality is our work philosophy.
To finish, I leave you here a video, created by Carmen López, of DIG Lawyers, which perfectly explains all the steps we have discussed above for the constitution of a new company in our country:
En INSPIRA Workspaces We have been helping professionals and companies to continue growing for almost 20 years. Our clear vocation to go beyond the simple direct debit service for our clients has led us to become a benchmark in the sector, not only for our experience, but also for our enthusiasm. We are proud and deeply satisfied with what we do, striving daily to be able to offer our clients a fully personalized solution adapted to their needs.
