The desire to start a small business in Europe is great. But desire alone is not enough, you need to have something else. The factors listed below will help you determine if you are prepared enough to become a European entrepreneur.
Factor # 1. Understanding the specifics of the business
You must be well versed in what you are going to do. Want to open your own store? Study the features of the trading business. Do you want to start a restaurant or hotel business? They also have their own nuances that you need to know. If you already have experience of doing a similar business in your home country, then it will undoubtedly be easier for you to comprehend the laws of the same, but foreign business.
Factor # 2. Knowledge of the peculiarities of the country
This includes an understanding of the local sales market, knowledge of the mentality of residents, language skills, knowledge of the principles of ethics and etiquette, and much more. These questions can take a long time to study, but they are essential for future success.
Factor # 3. Your social skills
Not everyone can be an entrepreneur. To do this, you need to have a certain set of qualities (read "The qualities of an ideal entrepreneur"). And if we are talking about foreign entrepreneurship, then the importance of these qualities doubles. After all, there you may encounter such unforeseen situations, the resolution of which will require from you increased concentration of attention, iron resistance to stress and other qualities of a "super man".
More information here - https://europa.eu/european-union/business/startups_en
Comments