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European Youth Portal

Information and opportunities for young people across Europe.


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Start a business

© shutterstock.com - Andresr
© shutterstock.com - Andresr

Young Entrepreneurs – Setting Up Your Own Company

Doing something you enjoy, financial independence, creating something of your own, even your own job – there are many reasons for setting up your own business. This is an overview of initial steps to take and expert help available.

You have an idea for a new product or service? How about setting up on your own? You could also offer existing products or services where they haven’t been available before. However extravagant your ideas may seem – work with them! Brainstorm your ideas with others, fine-tune them and start developing a business plan. Of course you don’t have to go it alone – you can set up a business with friends, colleagues or family members. It can make a great deal of sense to team up with people who contribute other entrepreneurial capabilities and experiences that complement yours.

 

In the beginning of 2010, the Federal Ministry of Economics and Technology (BMWi) set up the “Gründerland Deutschland” initiative (“Germany – a nation of entrepreneurs”) to provide a multitude of information and advisory services to new entrepreneurs and all those interested in entrepreneurial self-employment. In addition to general advice on setting up your own business, it offers specialist programmes for recent graduates, for innovative technology or science based projects, for start-ups based within culture and the arts and for company succession. The initiative is supported by the Association of German Chambers of Commerce and Industry (DIHK), the German Federation of Skilled Crafts (ZDH) and the Federal Association of Liberal Professions (BFB).  

 

How about some help to get started?

Activities such as "Startup Week Germany" are designed to promote the entrepreneurial spirit and facilitate starting out on your own. Projects such as www.unternehmergeist-macht-schule.de or www.exist.de instil an understanding of entrepreneurship and self-employment as a professional choice at schools and universities. Entrepreneur Envoy helps you find out whether you have what it takes to make it as an entrepreneur.