News / Blog: #finance

In which area do you earn 3500 Euro net or more?

It is difficult to name a specific area in which you can earn 3500 euros net or more. It all depends on what qualifications, experience and skills you have. There are some professions where you can earn more than 3500 Euro net, e.g. as a lawyer, engineer, doctors or management consultant. But also in other professions, such as sales, administration, marketing or finance, you can earn more than 3500 Euro net.

Founders sound the alarm - This is what startup financing is really like

Startup financing is a hot topic in Germany. This is because more and more young companies have been founded in recent years, but there is a lack of sufficient funding to support and promote these companies.

Many founders and investors therefore complain about a lack of funding for startups. According to a study by KfW-Gründermonitor, financing conditions for startups in Germany are poor compared to other countries.

In addition, there is often a financing backlog, as investors are very hesitant and cautious about investing in new companies. Investors from abroad in particular show little interest in German startups.

Nevertheless, there are also positive developments. For example, some startups have been able to grow significantly in recent years with successful financing rounds. This shows that there are also opportunities for successful startup financing in Germany.

At the same time, however, it is also important for investors and founders to exchange ideas better and work together more closely in order to jointly advance the topic of startup financing. Only in this way can startups in Germany be successfully financed and promoted.

What are the biggest mistakes as a founder?

1. Not Doing Enough Research: Not doing enough research is one of the biggest mistakes a founder can make. It’s important to research the market, the competition, and the customer needs before launching a product or service.

2. Not Having a Clear Business Model: Not having a clear business model is another common mistake made by founders. It’s important to have a solid business plan and understand how you will make money from your product or service before launching.

3. Not Having a Strong Team: Having a strong team is essential for any successful business. Without a great team, you are unlikely to be able to execute your vision and reach your goals.

4. Not Having an Exit Strategy: It’s important to have an exit strategy for your business in case things don’t work out. This could mean selling the business, transitioning to a new owner, or simply closing down.

5. Not Paying Attention to Your Finances: Not paying attention to your finances is one of the most damaging mistakes a founder can make. Without a good understanding of your finances, it’s difficult to make wise business decisions.

What are the biggest mistakes when starting a business?

1. Insufficient market research: Insufficient market research is one of the most common mistakes made when starting a business. It is important to know if there is a market demand for the product or service you want to offer before investing a lot of time and money in the startup.

2. Insufficient financial knowledge: Financial knowledge is crucial when starting a business. You need to know about financial planning, budgeting, taxes and accounting to run your business successfully.

3. Inadequate planning: Good planning is the key to success. It is important to create a business plan that includes your goals, strategies and finances.

4. Inadequate risk management: one of the most important tasks in starting a business is risk management. It is important to be aware of the potential risks associated with your business and take appropriate steps to minimize those risks.

5. Insufficient leadership skills: As a founder, you need to be able to lead, motivate and inspire a team. It is important that you have the right skills and experience to successfully run your business.

What mistakes can you easily avoid when starting up?

1. Insufficient planning: To start a successful business, it is important to create a detailed plan that includes strategic goals, market, finances, resources and strategies for implementation.

2. Insufficient financial knowledge: In order to start and run a business, it is necessary to have a basic understanding of finance and financial accounting. It is important to learn about different financing options and create a financial plan.

3. Insufficient marketing knowledge: A successful business is based on a good marketing strategy and a solid brand. Therefore, it is important to learn about different marketing channels and techniques and create a strategy that fits the company's goals.

4. Insufficient legal knowledge: Starting a business requires a good understanding of the applicable laws. Therefore, it is important to consult a lawyer and learn about the legal aspects of the business before putting the startup into action.