START UP YOUR BUSINESS Report
Contents Start up in Netherlands - Report... 2 Information About the Start up in Netherlands... 3 Organization Support... 3 Start up in Spain... 5 Startup Information... 6 Breakdown/ Failure related:... 6 Organization Support... 7 Start up in Finland... 8 About the Joy Start up... 9 Startup information... 9 Breakdown/ Failure related... 9 Organization Support... 10 Start up in Turkey - SEQUEL PROJECT, NEVŞEHİR... 11 Startup in Turkey... 12 Breakdown, failure related... 12 Organization Support... 12 United Kingdom Report... 14 How many startup in the united kingdom?... 15 breakdown/ failure related... 15 organization support... 15 1
Start up in Netherlands - Report 2
INFORMATION ABOUT THE START UP IN NETHERLANDS Amsterdam is Startup Delta s Capital, a fertile breeding ground to both start up; then scale up to the rest of the world. It has a proven track-record as Europe s best test-bed. For startups, it s the place to validate and tweak your business model. It s so easy to leave the building and connect with those important launching customers. Number per Year of Growth In 2014 145.458 companies were founded (a decrease of 1,2% as opposed to 2013) Break down In 2014 5.570 small and medium sized businesses went bankrupt, the amount has decreased by 22,5% as opposed to 2013 1/3 of bankrupt companies ends activities within five years in Netherlands. ORGANIZATION SUPPORT In the Trade Register of the Chamber of Commerce is compulsory for every company and almost every legal entity. In order of popularity the sectors where most starting businesses operate are: business services, construction/engineering, healthcare, retail and hospitality/catering Courses: Entrepreneurship courses or submitting of business plans are not obligatory. Grants: The government therefore helps entrepreneurs in two ways: by guarantee loans (government ensures 1.5 million euros of loans of new businesses and 50% guarantee of entrepreneurial finance), to make tax benefit possible (companies pay less income tax on labor costs) for entrepreneurs that innovate. Governmental actions in 2015 that could lead to 2.5 million additional SME financing, + 30 million euro s for microcredits and + 75 million euro s for the innovation fund of SME s. Partner with Erasmus + The government has allocated 75 million to assist entrepreneurs and removing obstacles. 3
KvK The Chamber of Commerce must offer better and focused service to companies at lower cost. Therefore, the Chamber of Commerce is innovating with a different organizational structure and the financing of the Chambers of Commerce is changing. Participation in the NLevator - a platform for and by ambitious entrepreneurs. See more: http://nlevator.nl This platform supported by the government want the Netherlands to be the country with the most growing entrepreneurs in the next five years. This to provoke creative, innovative, ambitious and boundless entrepreneurship that leads to sustainable results in the context of the new impact thinking. 4
Start up in Spain 5
STARTUP INFORMATION Number per year of Start Up: Total of 3,466,110 enterprises operated in Spain. 287,311 were created during the year. *The maximum was reached in 2008 The enterprises created represented 8.3% of the total number, more than half the enterprises created have survived three years following their year of birth. BREAKDOWN/ FAILURE RELATED: The failure rate of new start-up businesses in Spain is high: 334,541 cease to exist or 9.7%. Manufacture of furniture ( 6.6%) Manufacture of wood and of products of wood and cork, plaiting materials ( 6.1%) Manufacture of wearing apparel ( 6.1%). In 2012, the number of enterprises that disappeared was greater than the number of births with 47,230 units. The rate of births of enterprises stood at 8.3%, while the rate of deaths was 9.7%, yielding a net rate of 1.4% 6
Results Considering the territory in which the enterprise headquarters were located, Illes Balears (9.3%), Canarias and Comunitat Valenciana (both 9.2%) presented the highest birth rates in 2012. In turn, Comunidad Foral de Navarra (6.3%) and País Vasco (6.4%) registered the lowest rates of births of enterprises. ORGANIZATION SUPPORT Advices Make sure you first get an N.I.E. number for your business in Spain (identification number for foreigners). Discuss the different business structures available in Spain and decide on the one that suits you and your business best. Go to register your business at the local town hall. You also need to register your business in Spain with the social security office and make social security payments, which vary depending on the structure you ve chosen for your business. Grants Chamber of commerce, Erasmus+ The Dirección General de Política de la PYME; the association of small and mediumsize businesses in Spain is an important organization in the Spanish business world and can give entrepreneurs a considerable amount of support. 7
Start up in Finland 8
ABOUT THE JOY START UP JOY is an entrepreneurial leadership. Mission: Opportunities through entrepreneurial skills Values: self-confidence, integrating disciplines, think big! Evolution of entrepreneurship education during the past two decades in KYAMK but also elsewhere: Entrepreneurial passion and potential of an individual, entrepreneurship educator s behaviors and methods, entrepreneurial university and ecosystem, entrepreneurial competences. (curriculum extracurricular perspective). Entrepreneurial leadership and international entrepreneurship. Shifting focus toward supporting student-driven entrepreneurial initiatives and the development of an entrepreneurial ecosystem in close university-industry interaction and through regional and interaction strategic partnership STARTUP INFORMATION The country is home to successful startups like Rovio, the maker of Angry Birds, Nokia, and multibillion-dollar gaming company Supercell. Number per Year of Growth intentions (2015 figures) 266 909 companies (excluding agriculture, farm related forestry, fisheries, 2012 figures*) Micro (1-9 employees) 93,3 % Small (10-49) 5,5 % Medium-sized (50-249) 0,9 % Large (250-) 0,2 % Educational background of entrepreneurs (2014 figures) Vocational training 32 % College 27,5 % University 16 % University of Applied Sciences 9 % High school 4,5 % Basic education 12 % BREAKDOWN/ FAILURE RELATED Will shut down within a year 4 % 9
ORGANIZATION SUPPORT Courses: Developing entrepreneurship courses and action learning environments for business students (for instance, experimenting with student-owned co-ops as a reallife learning environment). Grants: Strategic partnering with University of Cambridge Centre for Entrepreneurial Learning in 2014. Partner in cross-border student-based start-up development project application to Central Baltic Programme with Tallinn University, SSE Riga, Cursor (our regional development corporation), and an Estonian private consultancy firm Partner in SEQUEL Erasmus+ project, and partner in two additional larger entrepreneurship education related Erasmus+ application. 1Office Finland: provides a range of business services aimed at making the establishment and operation of a Finnish business simple. F & B Advisors: Established in 2005, F & B provides company registration services and an incorporation package to help you start your business or branch in Finland. Enterprise Finland, coordinated by the Ministry of Employment and the Economy, offers guidance for new entrepreneurs. 10
Start up in Turkey - SEQUEL PROJECT, NEVŞEHİR Entrepreneurship in Turkey 11
STARTUP IN TURKEY Number per year of startup (Statistical facts in Turkey) % 99 Small and Medium Sized Businesses % 76 Employment % 75 Shutdown in 3 years % 50 Have Experience % 10 Without experience % 63 Business Plan % 1 Consulting, entrepreneurship training In 2014 we opened 9 classes, 311 people got their entrepreneurship certificates. % 10 of them opened their businesses. Example of new startups in 2016: Fidelo, Maxwell Innovations, Agrotics, BREAKDOWN, FAILURE RELATED Example of failure: closure of Fresh Direct-like service TazeDirekt.com; Hasan Aslanoba, one of Turkey s leading angel investors and founder of Aslanoba Capital, poured several millions into the service. ORGANIZATION SUPPORT Advices: Find a good agent, draw up your business plan. A private limited company costs a total of 5000TL to set up with 25% of this needing to be paid within 3 months of creation, the remaining within three years. Having set up the company, the directors must register the business with the local tax office and trade registry. The first port of call for many is their lawyer. Be sure to employ the services of a good legal advisor that knows company laws in Turkey and has previously helped ex-pats set up successful businesses. 12
Grants In addition, the following all have current and up to date information and are the basis of much of this articles information: The Turkish Embassy, BCCT the British Chamber of Commerce Turkey. TBCCI the Turkish British chamber of Commerce and Industry. Having filled out your Articles of Association and had them officially notarized, contact them within 15 days to organize the official trade registry. The KGF (Credit Guarantee Fund) offers financial support. KOSGEB (Small and Medium Sized Industry Development Organization) offers support in areas such as research and development, marketing and training. SANTEZ (Industrial Thesis Program) Up to 75% financial support for a project through direct grants. The TTGV (Technology Development Foundation) was established to encourage the development of environmental technology. Private Finance Credit from financial institutions is available from a variety of private financial institutions such as the HSBC. See more at: http://www.startupoverseas.co.uk/starting-a-business-in-turkey/financing-abusiness.html#sthash.ae4kxyqo.dpuf To get the government incentives, entrepreneurs have to take 70-hour class. No incentives to following sectors; health, entertainment, agriculture, livestock, insurance and real estate. 13
United Kingdom Report STARTUPS 14
HOW MANY STARTUP IN THE UNITED KINGDOM? 2014: There were 581,000 new companies created. Example of new startups in London (2016): CityFALCON, Whichit, Onfido, HeySuccess (smart platform that helps students and recent graduates find international opportunities abroad also assists companies ) BREAKDOWN/ FAILURE RELATED More than half of new businesses don t survive beyond five years, with the UK tax system, a lack of bank lending and the cost of running a business cited as the top reasons for failure. CB Insights has a full list of 146 startup failure post-mortems from the past few years. Example of startups which failed in the United Kingdom: Homejoy, Zirtual, Grooveshark (it made mistakes by failing to secure licenses from rights holders for the vast amount of music on the service.) ORGANIZATION SUPPORT Advices: Realistic idea, make a business plan with potential products to sell. Research your market - identify potential customers. Talk to them and find out if your idea is meeting a real need. Develop and plan - test your product or service with real customers, make changes, and test it again. Find partners and suppliers - think about who you re going to work with to develop and sell your idea. Set up your business - work out which legal structure is right for you, and register for tax. 15
Grants: The British Chamber of Commerce represent thousands of businesses who have employed over 5 million employees. They are an independent business network and have Accredited Chambers in every nation and region of the UK as well as in key markets around the world Federation of Small Businesses: The Federation of Small Businesses promote and protect the interest of small business owners and the self-employed across the UK. CBI Much like the organizations that we have discussed so far, the Confederation of Business Industry is a business lobbying organization that provides a voice for employers at both a national and international level. Social Enterprise UK Social Enterprise UK are the UK s national body for social enterprise. Training for success: organization for NE 16