bizpathways.org

You are considering starting your own business. Congratulations!

The authorities have focused on the creation of new businesses: “Norway will be one of the world’s most innovative countries in which companies and people with courage and creativity have good opportunities to develop profitable business.” (Government’s action plan for innovation.)

There are several means that all the different ways you can help the process forward to its own business, and since help you with all possible questions in the years thereafter. Among these “helpers” are primarily Innovation Norway and Bedin / Narvik Phones.

We can help you in different ways. It is important that you forward to the establishment not only doing things right, but you also do the right things.

Many new businesses
Annual registered around 30-35.000 new businesses in Norway. After five years as many as 50-60 per cent of these discontinued! The figures speak and all experience tells us, therefore, that it can be tough to start their own business. The starting their own business are usually the result of a substantial piece of work, based on personal and professional qualifications, good financial management, a lot of will and great patience. And after you are in operation: a solid portion of stand-off characteristics.
When all this is true in the match amounts, most experience the joy of creating something for themselves, the pleasure to drive on with what others have requested and need for – and finally the pleasure to be able to reap the economic fruits of their own efforts.

In this guide described the establishment as a linear process: from idea or desire for self-employment, until the company is well underway. But remember that reality is not linear, especially not in the startup phase. During the process, you will find that you have to go two steps forward and one back. Yes, sometimes one step forward and two back. The reason is, of course, that many factors are connected and work interactively: In the process you now through you’re sure to get to experience that repeatedly and for many reasons to go back and reconsider the decisions you made earlier.

Specialization links in chains
For good reasons, we will in this guide does not repeat information contained elsewhere, either in Bedin or such. on the website of the Innovation Norway. However, we will link to such sites.
In many ways, this guide will therefore be an overall process description, with linking to the relevant program material.

We recommend you read further in this guide and take a look at the topics that we may link to.  We will show you which topics you especially should put you more into in. Much of what you’ll get tips on available online, so its like next to a PC with Internet access when you call, you will help to find forward.

People who succeed as entrepreneurs, and since the success of the enterprise’s tend to have some common characteristics:

- They take initiative, and they like to have responsibility
- They are open to new ideas, and creates and develops opportunities
- They are optimistic, outward-looking, inquisitive, and dare to break the patterns
- They have good self-esteem, and know their own weaknesses and strengths
- They are persevering, and sits goals as they reach
- They are good listeners to people’s needs, and good at building relationships with the outside world

Know Yourself

You must know what you can – and what you can’t.
The ideal is, of course you nod yes to all the properties we mentioned above here. So it is not NOK to be open to new ideas, if you’re not at the same time is sustainable and can set you achievable goals.
But now the world is rarely ideal. Add Therefore noticed one of the perhaps most important properties: You should know your own strengths and weaknesses. Do you have this ability, you will be able to add in those areas where you are weak: For example, is a good craftsman, but do not like or understand economics and accounting, so you should find someone who can do this job for you instead of to spend time and effort to try to do it yourself. Your time is valuable. Use it to make money on it you can.

You can do a “self test” on how you have your strength and your weaknesses through a so-called SWOT analysis. The four letters SWOT represents the initials of the English words Strength, weaknesses, Opportunities and Threats. Correctly translated into Norwegian, this means: strength and weaknesses in relation to opportunities and threats.

Such an analysis will give you a general overview of your situation and your own resources, both those in favor and not least those that are a disadvantage for you in your situation that establishes.

The product / service
You will sell products or services – and live off the profits of this sale. In the clarification stage, it is important that you are specific when describing your products or services: Be precise when you write down what you plan to sell or do, how will you deliver this to your customers, etc.
Only in this way you can get valuable feedback in relation to the need for what you offer, if need be covered by other products and services, the price is acceptable, and the like.
In this phase, it is also important to be sensitive and open to customize products / services so that you are sure that you “meet” customers’ needs.

Market
In an initial phase, it is important that you obtain as much market knowledge as possible. Who are your customers? Do you have strong competitors? How big is the market in volume and over time?
The reason is of course that you must make an initial and overall assessment of the need for services or products, whether the needs are covered by other providers, products or substitutes: So if there are many who would like to buy these?
You must therefore be reasonably sure that you have goods and services sought by many NOK, and that they will pay a good NOK price before you put a lot of time and money in the project. Since the process must go much deeper at work, for example marketing plan.
Initially, you must also make sure to have a good NOK knowledge of the industry to operate in.

Experience
You should collect all forms of experience around what you want to start with, but consider both positive and negative input with equal interest. Some of the advice can save you a mistake, for burned crowns and a waste of time.

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Before you get started there are a number of formal requirements that must be met. There are strict requirements for you and your business, but you can also see this as a safety, and making the operation easier when you have everything in place.

Name
Name of the company in Norway is regulated by company names. The minimum requirement for the names include that it must consist of three Norwegian letters. Tall, spelling characters and company name are not included. A company may therefore be called ABC Company, but not CO2 AS. For sole proprietorships apply slightly different rules. You must be the proprietor’s family name with: HANSENS bakery.
Have also suggested that the name should be easy to find in the directory (where you will find eg. ABC Company? “) And that it should be available for registration and use of the internet.

Registration
In order to run a business, you must in most cases be registered in the Brønnøysund Register Center. After registration you will be assigned an organization that you use in your business documents and the communication to the public. For example, you could not open a bank account for your business, have employees or be registered in the Value Added Tax Register, if you do not have an organization.
Registration is free.

All businesses and associations, however, has the right to register for the Swatch if they want. Many customers use this registration right for an organization.

Registration in the Register of
Enterprise Registry Act lists a number of organizational forms with registration requirements in Business Enterprises. Roughly said, comes the obligation to register in the Register of all those engaged in business activity and all companies, both with limited and unlimited liability. Sole proprietorship engaged in product sales ( “trade thereof purchased goods”) or have more than five employees, the registration requirements of the Business Enterprises.

Self-employed sole traders can also register in the Register of Business Enterprises on a voluntary basis if they do not meet the requirements for registration requirements. On this page Altinn you can read more about the voluntary registration in the Register of Business Enterprises.
It must be paid fees for registration in the Register of Business Enterprises.

The registration:
You must use the form “Coordinated registry message” for all registration in Brønnøy Undre Last Rene.
Be careful filling of the form – there are unfortunately many people get their papers in return due. errors / deficiencies. Brønnøysundregistrene has prepared a simple list and guidance on the form.
NB! It’s also developed a simplified version of the form for sole proprietorships.

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Expect that the first time in the operation can become tiresome. Not only in a few weeks, but perhaps in the months and years. Then you will really notice the benefits of having worked thoroughly with the business plan. But you must also be able to take things on the fly, and obtain assistance where possible.

New markets and new ambitions
As a newly established and expanding exports is probably not the first thing you think of. But for some term it may be worth looking a little out of the market you have established yourself in. There may be regional, national or international expansion.

Our Export Guide gives you some good advice. The first and most important is that normal should not think of geographical expansion before it has exploited the potential of the domestic market fully. Ideally, the company have free production, capital and management capacity before any utesatsing. It should have a strong position in the domestic market both in terms of customer loyalty and profitability.

But exports and imports are today far more than the sale and import of goods to and from abroad. In an increasingly globalized reality, can also really young and newly established companies buy and sell seamlessly across borders. In some cases, international trade, be a part of the business concept of the establishment. There are, for example, increasingly common to buy services in countries with high skills and low costs: With the internet as a communication channel can an ICT company to buy affordable data development knowledge from India.

Product Development
Make sure you do not fall in love you too much in your idea. Therefore, be responsive to customers or others who come with ideas on how things can be done even better. Ask and grave, and ask to the “difficult” customers, those that are critical. You can get good ideas for changes and improvements that provide products or services a boost forward.

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