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News / Blog: #gründung

How to write a press release?

10/14/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

When writing a press release, there is a lot to consider. This includes both structural and formal as well as legal aspects. For example, it is necessary to provide the contact details of a specific contact person. At the end of the press release it is advisable to insert a short portrait or a short description of the publishing company, in which relevant key figures and information such as number of employees, market position, turnover or year of foundation are mentioned.

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Who are our products & services aimed at?

09/02/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Who are our products aimed at? Who is the target group of Fischer | Data Science.?

There are around 15,000 startups every month in Germany alone. All founders of new businesses & startups that have a supra-regional focus need, in addition to their own website for the optimal start into self-employment, tools that save them valuable time, e.g. for research, so that they can concentrate on their core work (i.e. product development, marketing/sales, PR/public relations). This is where our products come in.

In addition, more established companies and organizations such as foundations and associations or societies also have a constant need to maximize their media presence as well as data around for fundraising to achieve their goals.

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Founders beware - Why entrepreneurial risk should not be underestimated

08/27/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Starting your own business is an exciting and rewarding experience, but it is also an entrepreneurial risk. The success of a business depends on many factors, from the right business idea to financial planning and implementation. All of these factors come with risks.

There is no guarantee that a business will be successful, so entrepreneurial risk should not be underestimated. It is important to understand that there are many risks that you cannot control, such as developments in competition, economic conditions or general market demand.

However, there are also many risks that you can control, such as the management of the business, financial planning, cost structure and more. These risks can be minimized through good planning and forward thinking.

To minimize business risk, it is important to have a clear vision and focus on goals. It is also important to be aware of what risks exist and what actions can be taken to minimize those risks.

It is also important to be aware of the legal and tax framework in order to create a solid foundation for the business. It is also important to network with people who can support you in your startup and who can also help you implement your business idea.

Entrepreneurial risk should not be underestimated, it is a challenge, but it is also an opportunity to start a successful business. If you understand the risks and know how to minimize them, you can reduce the risk and start a successful startup.

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08/17/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

As already reported in the message of 05.08.2022, there was a change in the legal situation for the provision of commercial register notifications. However, the actually welcome amendment for more transparency now turns out to be completely different than anticipated:

From August 1, 2022 - thanks to a completely unusable user interface (UI) and session-based data provision with a severely limited number of queries - no more changes in the commercial register change notifications can be processed automatically, i.e. no more updating of data or reconciliation with our company database can take place, as this is simply no longer technically possible. In addition, there is no longer any information available about newly founded companies or new registrations, i.e. newly founded companies.

This means that the Bundesanzeiger Verlag (DuMont Publishing Group, Cologne), which was privatized in 2006, now has a monopoly position over access to company information (provided or to be provided free of charge by the companies) and will be able to sell it even more expensively in the future than before.

The goal of our company database has always been to reduce unnecessary costs and, with better market information, to create added value not only for individual companies but also for the market and thus society as a whole.

Pursuing this mission is no longer possible due to the new gatekeeper function of the new monopolist.


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Founding successfully with little start-up capital

08/03/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It is possible to start a business with little start-up capital, but it requires good planning, a clear vision and hard work. It is important to first be clear about the company's goal and the nature of the business, because a business plan can then be created on this basis. A business plan should include a detailed financial concept and a detailed cost analysis. You also need to consider what kind of financing you are looking for and how to get it.

As a rule, it is not possible to start a business with only equity capital. One must be able to get loans to get the startup capital needed. There are several ways to raise the money you need. For example, business angels, banks or investors can make an investment in the company. One can also take advantage of government funding programs or turn to crowdfunding platforms.

It is also possible to start a business with little seed capital by doing some of the required work yourself. This includes, for example, creating marketing materials, building websites and apps, or developing products. In addition, you can also try to attract customers by joining different networks and advertising. This can help save costs and build a customer base.

When starting a business with little startup capital, it is important to focus on the goals and success of the business. One must develop a clear strategy and have a plan on how to achieve the goals. Also, one should try to build a suitable network and establish contacts with potential customers and investors.

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