MAGYAR 
Széchenyi 2020

Useful advices

Tips for beginner entrepreneurs

As a result of the new funding system and low interest rate credits it is worth to start a new firm. Being over the decision it is helpful to consider a few advices.

  1. It is important that our sphere of interest should be built around a subject of steady interest. Building an own enterprise is a long process, it is important to be motivated in the long run.
  2. After selecting the line of business making an exact business plan is necessary. If we had not made it earlier, ask for the help of an advisor.
  3. Collect information, make market research on the rivals, on the actual trends and qualities of the business line.
  4. We should have at least the sum of a yearly maintenance at the start, and it is worth to make a crisis plan for the sake of security.
  5. We should keep an eye on actual business tenders. The new EU budgetary cycle offers a wider sphere of opportunities and it is much easier to make out the new application system.
  6. Even the smallest enterprise has much administration. Before buying expensive software have a look around in the web for free applications.
  7. We should define our sphere of public and search for the forum where they can be reached most easily.
  8. A good marketing strategy is absolutely important, but before spending a lot on ads have a look around in social media, with its free and effective opportunities.
  9. We should concentrate on our assets, and know our weak side. Not all of us are born leaders, but entrepreneurship can be learnt.
  10. We should choose for our group of colleagues, people who like to work with us and are motivated.
  11. When starting an enterprise, we should try all the different kinds of activities to be able to form a trustworthy opinion later.
  12. Flexibility may be a good friend when starting an enterprise of our own. We have to be almost always ready that some of our initiation would not be successful. We should learn from the faults, and quickly make new plans.
  13. Last, but not least we should not forget about the necessity of lifelong learning. Constant development is the basis of success in the long run.

As a result of the new application system and low interest credits it is worth to start building an own firm. Being over the phase of decision here are a few useful advices.