I can comment from experience - just as Chris did. In my country of residence (Belgium), it cost me exactly 1000 euro to set up my business with a silent partner (my brother). Accounting is done these days mostly automated - I upload all invoices, bills etc every 3 months (cost me an hour and a half every three months) and accounting runs about 600 euro per year, with the first year double that. I would be daft to hire a fulltime accountant who spends the day twiddling his tumbs!
I am with Chris. All you armchair advisers have absolutely no clue.
At least have the decency to stop discouraging someone based on pie in the sky.
Jan
Happy to be a retailer or to promote the product once evaluation is successful 😊
It will be very tough to get started without a name. Building it is easy marketing it at the price you need to be profitable is the problem.
It depends on the regulation, depends on the business type, depends on the "corporation" type. Even if EU should be pretty uniform, but still there are many many different requirements from country to country. In my country there are at least 4 different legal types to start business and requirements differ for them a lot.
Show your muscles plz: tell me how many businesses as legal entities you had/have as a part owner or full owner? Just tell the number. It does not matter if they were successful or not. How many of them were/are registered VAT holder?
Both VAT registered?
You seem to know what you are talking.
And what I said was a trigger for you? Is that smth personal? I know you in person? I offended you in person? Offended your friend? I lied????
I need to know exact facts, please be specific.
Nothing personally to you - please don't be offended, that was not my intend. But in general I read many comments from people, don't remember who, like the need to hire an accountant for thousands, for example. Someone who had done what the OP was trying to do would know that's unnecessary.
That what was triggered my response. Let us try to help the OP with actual experience, not scare him with random horror stories.
Jan
That what was triggered my response. Let us try to help the OP with actual experience, not scare him with random horror stories.
Jan
But you never did and have regretted it ever since? You must have been so worldly by the age of 20. Good for you.
Hi-Fi said “ My background as an employee includes 10 years of managing two small-medium-sized Hi-Fi and High-End loudspeaker factories in the EU. So, my core skills are deep knowledge of the market and production nuances.” Not exactly a whippersnapper then....
65 and still learning.
Now that you've come down from your high roof, have you thought about doing some positive motivational contributions in your spare time?
Modern "hifi" equipment is controlled using a remote control. This contrasts with vintage hifi equipment which had all kinds of knobs and levers. I miss the appearance and hands on experience with modern hifi. A new hifi equipment using vintage style controls will definitely appeal to me as a potential buyer.