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Fresh Leads Every Day - How to Generate More Inquiries for Your Business

09/12/2023 | By: FDS

1. Create a landing page: Create a landing page where you encourage prospects to sign up for your offer. This is an important first step in generating leads.

2. Start an email marketing program: an email marketing program is an effective way to get new leads. Use an email marketing program to reach your target audience by sending specific emails and newsletters to them.

3. Use social media: Use social media to generate new leads. Create campaigns on different platforms to attract new prospects.

4. Publish content: Publish relevant content regularly to increase your company's visibility and generate more leads.

5. Run sweepstakes: Sweepstakes are a great way to generate new leads. Create a sweepstakes where prospects have to register for your offer to have a chance to win.

6. Build a network: A strong network is another effective way to generate new leads. Look for people who are active in your industry and make contacts. You can also create different networking groups to reach more people.

7. Advertise on search engines: search engine advertising is an effective way to generate more leads. Create ads that promote your offer and place them on different search engines.

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Effective press & media relations - from hidden champion to well-known brand

09/12/2023 | By: FDS

The path to greater visibility and recognition

Effective press and media relations is an important investment for any company to make its brand known and increase customer recognition. But how do you go from being a "hidden champion" to a well-known brand?

The first step is to develop a clear and appealing corporate brand. A strong brand will enable you to stand out from competitors. This includes defining a memorable brand, developing a brand image, brand strategy and brand identity.

After your company has established a strong brand, it's time to begin press and media relations. It's important to define a clear goal, such as more brand awareness, more customers or more sales. To achieve this goal, you need to have a good understanding of who your target audience is and how best to address them.

Good press and media relations requires an effective communications plan that will help you access known channels. This includes issuing press releases, attending events and trade shows, reaching out to journalists and bloggers, setting up a social media account, and participating in industry forums and webinars.

To achieve the greatest possible success, you should also invest in search engine optimization (SEO). This will help you appear on the front pages of search engines when your target audience searches for your business.

Finally, you should also consider your approach to negative reviews. It is important to respond to negative comments in order to maintain a positive image of your business.

By following the above steps, you can transform your company from a "hidden champion" to a well-known brand and increase your customers' recognition.

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What are the start-up costs?

09/12/2023 | By: FDS

The cost of starting a business varies greatly depending on the type of business, the industry, the location and the individual decisions you make. Here are some of the basic costs you might incur when starting a business:

Legal and consulting fees:

This includes the cost of attorneys, tax advisors, and business consultants you may need during the incorporation process to meet legal requirements and set up your business correctly.

Registration fees: These costs are incurred to register your business with the appropriate authorities and to obtain any necessary licenses and permits.

Stock capital (if required): In some countries, companies such as limited liability companies are required to have a minimum share capital. This may vary by country.

Trademark and domain registration: cost of registering your business name as a trademark and registering a matching domain for your website.

Website and design costs: if you need a website, there are costs for design, development and hosting.

Operating equipment: purchase of office furniture, computers, communications technology, and other necessary equipment.

Marketing and advertising costs: costs to create a logo, business cards, marketing materials, and possibly online advertising campaigns.

Rental or lease deposit: If you need physical business space, there will be rental or lease costs.

Opening inventory: If you sell merchandise or products, you may need to purchase inventory to start your business operation.

Insurances: Cost of various insurances such as liability insurance, business interruption insurance, professional liability insurance, etc.

Initial Marketing.

Initial marketing expenses: money spent on marketing campaigns to make customers aware of your new business.

Other expenses: There may also be other expenses, depending on what area of business you are entering. These could be research and development costs, training and education expenses, and so on.

It is important to do detailed business planning to estimate the specific costs of your startup. Depending on the industry you are in and the business model you are pursuing, startup costs can vary significantly. Remember that it is always advisable to plan a buffer for unexpected costs.

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What is the cost of a limited liability company?

09/12/2023 | By: FDS

The costs of setting up and running a limited liability company (GmbH) can vary depending on the country, legislation and individual conditions. Here are some of the typical cost items that may be incurred in the formation and operation of a limited liability company:

Formation costs:

Notary fees:

The formation of a GmbH requires the notarization of the articles of association by a notary public. The costs for this service can vary depending on the country and the capital of the GmbH. Registration costs:

The GmbH must be registered in the commercial register, which may involve fees.

Stock capital:

A GmbH requires a minimum share capital, which may vary depending on the country. In Germany, for example, the minimum share capital is 25,000 euros.

Advisory fees:

It may be advisable to seek legal and tax advice to ensure that the GmbH is properly formed and managed. These consulting costs vary depending on the service provider. Office expenses:

Rent for business premises, office equipment, ongoing operating costs, etc.

Personnel costs:

Salaries and social security contributions for employees, if applicable.

Taxes and duties:

The limited liability company is subject to various taxes such as corporate income tax, business tax and sales tax, depending on its activities and income.

Bookkeeping and accounting costs:

Costs for bookkeeping, financial statements and possibly the services of a tax advisor. Insurances:

Depending on the type of business, various insurances may be necessary, e.g. liability insurance, business interruption insurance, etc.

Other costs:

Marketing and advertising, royalties, patent costs (if applicable), and other operating expenses. It is important to note that the exact costs will depend on several factors, including the country in which the limited liability company is incorporated, the specific industry in which it operates, the number of employees, and the individual business situation. It is recommended to seek professional advice to obtain accurate information on the costs of establishing and operating a limited liability company in your region.

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Owner-managed vs. sole proprietorship - advantages and disadvantage

09/12/2023 | By: FDS

"Owner-managed" and "sole proprietorship" can have similar meanings depending on the context, but are sometimes understood somewhat differently. Generally, they refer to a business structure in which an individual has control and management of the business. Here are some advantages and disadvantages of this type of corporate structure:

Advantages and disadvantages of "owner-operated" or "sole proprietorship":

Advantages:

Quick decision making: Because a single person runs the business, decisions can often be made more quickly without having to wait for approval from partners or shareholders.

Direct control: The owner has full control over all aspects of the business, from strategy to day-to-day operations.

Ease of incorporation: a sole proprietorship can often be formed in a straightforward manner with few formal requirements.

Flexibility: the owner can quickly adapt to market changes and customer needs without relying on the approval of other resources.

Personal connection: The owner can build a strong personal relationship with customers and shape the company's culture.

Disadvantages:

Limited expertise: a sole proprietor may not cover all the required expertise, which can lead to difficulties in complex business areas.

Limited resources: a sole proprietor may have limited financial and human resources, which can limit opportunities for growth and expansion.

Liability: The owner is personally liable for the debts and obligations of the business, which can pose a financial risk.

Limited growth opportunities: The company may have difficulty financing major capital expenditures or expansion projects.

It is important to note that the term "owner-operated" is sometimes applied to businesses in which the owner actively manages and operates the business, while "sole proprietorship" refers more to the legal structure of the business. Individual goals, resources and risk tolerance should be considered when deciding between such a business structure and other options such as a limited liability company or a UG. Professional legal and financial advice can be helpful in making the best decision for your situation.

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