The Entrepreneur’s checklist
If you’ve decided that it’s time to focus on your own business and carve out a career as an entrepreneur in Belgium, why not use our handy checklist to make sure you are well prepared and have done everything you need to.
Is there a gap in the market?
Whether it’s a specific type of product you wish to offer or a type of service, do your market research straight away in order to establish whether there is anything similar already out there. If you see a gap in the market, it’s a fantastic chance to deliver something totally new and beneficial to your future clients.
Are you your target audience?
People say it’s easiest to write about what you know, and this is true in business too. If you, or someone you’re close to, are your target audience, you can understand first hand what your clients and customers will want – what information they need, what item or product will make their life easier, and how to market this to them appropriately.
Register your business
In Belgium, you will need to sign up at Crossroads Bank for Enterprises to get a company identification number to officially start your entrepreneurial journey here. Be sure to take all relevant documentation with you, as you will need to demonstrate sufficient management skills. The cost of this is €82.50.
Get an accountant
Of course, you can certainly track your own business finances if you wish, but hiring an account who specialises in the Belgian tax system will not only give you peace of mind, it will also ensure that the money you owe is paid on time, that the amount is correct and essential help is available when it comes to any problems.
Sort your office space
Most entrepreneurs don’t buy or rent an office space straight away, but that doesn’t mean you are confined to working from home. In Belgium, co-working spaces are gaining increasing popularity, and there are plenty to choose from, particularly in Brussels. These are ideal spaces to help separate your home life from your work life, and you can meet other people in similar situations too.
Network and meet like-minded people
With such an international community, Brussels has a multitude of networking events and get-togethers each week. Networking is highly recommended not only to make new friends, but to meet potential business associates in a relaxed setting. Be sure to bring your business cards!
Enjoy your business
Finally, you will be far more successful in your business f you enjoy what you do. It might not be easy at times, but if you have a passion that drives you to do more, it will feel less like work and be much more enjoyable. Belgium is getting better and better at providing help and information for entrepreneurs, particularly expats, so take advantage of this shift in attitude. You can be an entrepreneur in Belgium, and a jolly successful one too.
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