European Youth Portal
Information and opportunities for young people across Europe.

Want to start your own company?

Five professional-looking young people standing in front of a wall. Source: Colourbox.com
Starting a company is fun, but it's also a lot of work. It's important to know what you're doing, so doing your research is essential. And be prepared for paperwork. Here are some start-up tips!

 

Do your homework

Doing your research is important. Simply googling will turn up lots of stories by and about young people who started their own companies through various kinds of funding, like government funding or crowdsourcing or otherwise. Read through these, take your time, and maybe even contact one of these young entrepreneurs - it's a good way of networking and getting the information you need at the same time. 

 

Also, it's good to be confident and believe in your ideas - your new microphone might revolutionize the world of sound technology, or at the very least earn you a steady income for years, but you have to start by researching the market. Are there other people who do what you do and can you be competitive? 

 

Register your company

It's pretty easy to register your company. Make sure you research which form to register it as. Read up on the different legal forms that Swedish companies can have before registering, so that you use the right one.  

 

Apply for funding

The national placement service for employment has different kinds of funding if you want to start your own business. There are some fairly strict rules about who is eligible, but your company might be!

 

So, in essence: don't be afraid to try it, but be smart!

 

Text: Martin Memet Könick