Industry tips for founders: opportunities for your idea

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In fact, there are endless opportunities to start your own business and you don't always have to reinvent the wheel. Maybe you've already become aware of an existing business idea and would just like to modify it a bit, or maybe you'd like to start a new business. extend them to a new market? This requires that you familiarize yourself with the products or. You must be familiar with the services offered in the relevant sector of the business field, because each specialization places special demands on the knowledge of founders. So remember to put your qualifications under the microscope. Find out more on the LEXROCKET knowledge portal and read why your personal start-up position plays a role before you decide in which industry you want to set up your own business and perhaps found a startup. Also find out how individual consulting and funding offers can help you, for example. Get smart for your success!

Note: Gender-sensitive language is important to us. That's why we use gender-neutral terms on this portal whenever possible. In addition, we switch to the generic masculine. This explicitly includes all genders (m/f/d). This procedure has only editorial reasons and does not contain any valuation.

Woman in a store in front of a clothes rail, article image for LEXROCKET knowledge area

Starting a business: What industries are there?

As a founder, it is important to identify special requirements and necessary formalities in the various industries and business areas. In the skilled trades or in the liberal professions, for example, these can be professional requirements without which you will have no chance on the market. Insurance law issues also play a role in this context, as does choosing the right legal form. Artists and media representatives are z.B. you are compulsorily insured in the so-called Kunstlersozialkasse (social insurance for artists). If you are still unsure in which industry you want to found or. If you want to invest in your own business, you will quickly find that the variety of general (startup) options will impress you. Because there are countless industries and sectors whose performance or. Rank product portfolio from conservatively introduced to innovatively future-oriented. Consequently, you have to analyze exactly where, within this enormous market potential, your personal expertise can find space. The following popular industries are suitable for you and your concept to start a business:

  • Liberal professions: z.B. Professional journalists or IT experts,
  • trades: traders, restaurateurs, craftsmen, producers,
  • Retail: commercial enterprises of all kinds,
  • Online retail: Shops and Co.,
  • Craft,
  • Therapeutic sector,
  • Hightech and Lifescience,
  • Arts and media,
  • Travel and tourism industry,
  • Social Startups: Social Entrepreneurs,
  • Nursing services.

Business plan for setting up a company – no matter which industry

No matter in which industry you want to start your own business, professional knowledge, work experience as well as courage and diligence are always the prerequisites for your "traditional" career Self-employment or your innovative start-up. Therefore, make your decision calmly and do not let yourself be guided only by the positive factors of starting a business. Self-employed people work by themselves and all the time, this is a well-known maxim, but it contains fundamental truths. The prospect of above-average income and freedom in decision-making are one thing, but you must also endure the pressure of providing a structured daily routine, foregoing vacations, and tightening your belt in the first few years.

It's best if you write a business plan that includes all the relevant considerations and formalities about how your business idea will be put into action, step by step. He presents preferably the following details:

  • Founder person(s)
  • Time of the foundation
  • Business idea with description of all products resp. Services
  • Pricing culture
  • Market analysis
  • Measures for marketing and sales
  • Capital requirements and financing
  • Medium and long-term goals

Your business plan is therefore more than just a rough sketch, after all, you want to convince potential financiers such as banks, partners or investors. Therefore, you should develop a really polished "director's plan", which describes your business idea exactly to every reader, provides figures for the financing and draws first views into your future as a self-employed person. If you are a founder, your business plan will also keep you on track yourself. He is your compass that keeps you on the straight and narrow in the years following foundation. Of course, you'll have to keep adjusting it: Some conditions change when z.B. a competitor appears on the market. Then you have no choice but to rethink your planning. Perhaps in this case, franchising would be an option?

Organization chart and calculation

Not everyone can do everything. If you want to be successful, get the right supporters at your side. It can be partners or qualified collaborators. Industry tips for founders recommend the tool of an organizational chart. You can use it to make it clear how your business will be structured and who will take on what tasks and responsibilities. Liquidity is also an important factor in this context. Your business plan should include a calculation of how you will be able to financially support the next 24 to 36 months.

Tip: There are some startup platforms that offer interactive tools for creating a business plan. Inform yourself for example in the knowledge portal of LEXROCKET and learn how you can create a perfect business plan.

Advice to help you decide: Which industry is booming?

For example, if you are a former social worker with above-average talents in foreign languages and would like to turn your hobby into a profession and set up a language school, please contact us? Then you should definitely get an overview of what conditions or. Proofs you must bring along for it. Unfortunately, your pleasure in dealing with people alone is not enough in this context. Therefore, it's best to find a professional consultant who knows the industry you want to work in.

For this, there is a large selection of fee-based "pros" to be found on the Internet. However, if you want to save money, you should first take advantage of the free advisory services offered by the Chamber of Industry and Commerce (IHK), the Chamber of Crafts (HK) and the Institute for Liberal Professions, which are available throughout Germany. Many professional associations also offer advice free of charge and provide professional information on setting up a business.

Having the right questions ready

It makes sense for you to think about specific questions as a starting point for your consultation. It should be clear to you with which expectation you go into the consultation and what it should bring you in the result at answers. Ask yourself z.B. Which contents are important in consulting contracts with specialists as coaches, who should be available to you during the introductory phase of your climbing gym? Or are you planning to open a veggie snack bar, hire employees and are unsure whether your financial calculation is correct?? You may also want to find out whether there are funding opportunities available and which ones are suitable for your business idea? No matter which industry tips for founders interest you, write down your questions so that you can generate the appropriate solution, for example in the form of a perfect business plan!