Start a business in Kronoberg
Kronoberg have a rich history of successful companies and driven people, and it’s great that you are interested in starting your own business and contribute to this legacy. To assist you, Företagsfabriken has compiled this guide of steps you should consider when you are starting a company in Kronoberg.
How do you start a business in Kronoberg?
- You have an idea! Try to make it as concrete as possible, and ask yourself:
Who is your customer? Why will the buy your product or service?
Why will they purchase from you, and not others who is offering similar products? What need does your product/service solve?
If you are a student at Linnaeus University, you can turn to lnu Innovation for guidance. - Business Enterprise – It’s important that you think of what kind of business enterprise you want to setup. Do you want to manage your business alone or together with other people? Read more about the different setups that are available and how they differ on: verksamt.se. If you want to start a cooperation with others, you can turn to Coompanion Kronoberg – who offer help to start your company and develop ideas with other people, without any costs.
- Test your idea – to get a second opinion on your business idea and how you can proceed you can contact Nyföretagarcentrum Växjö / Alvesta / Uppvidinge, Nyföretagarcentrum Älmhult or Ljungby Business Arena. That’s three organisations that offer personal consulting, without any cost and is confidential, for you people who wants to create a company. They will help you test your idea, and estimate if your business idea can be profitable.
- Set a objective for your operation – Do you want to manage your business to primarily support you, or do you have an innovative idea that have growth aspiration for? If you do you can setup a meeting with Företagsfabriken to see if you meet the requirements for our Growth program or make an application directly to our Growth program.
- Create a budget – How much money do need to start your business? How much money do you need to have in your account to be able to continually be able to pay all required bills – a this is your Liquidity budget.
What turnover do your require to be able to be profitable – this is your Results budget. For more information and guidance here you can contact: NyföretagarCentrum. - Financing – How will you be able to finance your business initially? Do you have own capital, or will you need a loan from a bank to get started? If you are part of Företagsfabriken’s Growth Program, you might be eligible for a favorable loan. You might also reach out to Almi Företagspartner who focus on stimulating entrepreneurs, as they can offer different loans, but also trainings and consulting.
- Permissions and Premises – Are you in the need of permissions from the municipality to be able to start or run your business? Or do you need a premise to be able start or run your business? In that case you can turn to the business office of the municipality you have registered your company in to get the permissions needed and also helt to find suitable premises.
- Marketing plan – How will your customers find you? For this you need to create a marketing plan, where you outline how you will reach your customers. Do you need to buy ads to get in contact with your customers, if so through which marketing channels? In the growth program offered by Företagsfabriken you will get guidance, but you can also contact Almi Företagspartner as they offer trainings in this field.
- Register your business – you can do this online on: verksamt.se. On their webpage you can register your business if you have electrical ID, on this webpage you can also:
Apply for F-Skatt (A notice of tax assessment for self-employed persons)
Register your business for VAT – this is required if you will have sales / purchases that require VAT-registration.
You can also register the name of your company on this site. - Preliminary tax – Use your estimated budget to get a preliminary tax – so you know how much tax you need to pay ber month. You can make this assessment on verksamt.se and Skatteverket.
- Ensure yourself and your company – Minimize your risk and unpredicted costs, by ensuring yourself and your company. Read more what Länsförsäkringar can offer you.
- Secure your agreements – To protect you and your business, you might need agreements that deal with immaterial rights (like patent or consulting), stock owner deals or other deals. Read more or contact a lawfirm, like RosholmDell to understand more.
- Launch your product or service – This is the time you launch you product or service to the market, which is a big milestone.
- Accounting – As a part of your operation, you need to continually manage your accounting. There are companies like Fortnox who offer easy to use services, that helps you to do your accounting.
- Tax and VAT – You will need to continually account your VAT, based on your sales and purchases and also pay your preliminary tax that you have reported. You can also change the preliminary tax, if your actual turnover changes from what you originally expected, by logging into skatteverket.se.
- Closing balance – At the end of the year you will need to close the balance, where you report the result from the first year. You also need to declare, and pay eventual taxes to Skatteverket and send your annual result to Bolagsverket.