Becoming self-employed as a Youngpreneur
Tips and strategies for young entrepreneurs to get off to a successful start.
Becoming successfully independent
Have you decided to start your own business and become self-employed? We will give you tips on how to optimally manage your day-to-day life as a youngpreneur and support you before, during and after setting up your company. Become self-employed as a youngpreneur. Easily. Online.
What it means to be a youngpreneur
The term youngpreneur is a neologism and is made up of the words 'young' and 'entrepreneur'.
Youngpreneurs are therefore young entrepreneurs who are usually no older than 23 years old. The term is often also associated with students who start their own business. It is a challenge to find the balance between entrepreneurship and studying on the one hand, and on the other hand, to run a company without any experience.
Pros and cons of self-employment as a student
There are many advantages to working in the dual role of entrepreneur and student, but there are also disadvantages that you need to be aware of. We will be happy to support you in overcoming these challenges.
Advantages of Youngpreneur
- Flexibility
- Technologies enable location-independent working
- Network
- Organization and time management
Disadvantages of Youngpreneur
- Work-life balance
- Financial risk
- Lack of experience
Reasons for becoming a youngpreneur
As a self-employed person, you are your own boss and can determine your own working hours. Becoming a Youngpreneur gives you a lot of flexibility in organizing your daily life.
Thanks to smartphones, tablets and laptops, you can not only use your time efficiently, but also manage it and organize yourself. You can also work from home if you want.
As a student, you have access to a large network of lecturers, professors, practitioners and fellow students. If you use this network, you have a big advantage over other founders.
With good organization and time management, you can slip into two different roles and gain experience very early on. At the same time, you can fulfill yourself and live your dreams.
You need this insurance cover as a youngpreneur
As a youngpreneur, it is essential that you ensure that you have the best possible insurance cover. Self-employment involves risks. We will show you what you absolutely must bear in mind.
Risks of being a youngpreneur
Work-Life-Balance
If you run your own business, you will have to invest a lot of time, especially at the beginning. There is a risk that you will occasionally be out later than planned. At the same time, your academic performance should not suffer. That's why good planning, time management and structure are very important.
Inexperience
If you start a business as a youngpreneur, you will have little experience in the industry and in the labor market. So you should definitely familiarize yourself with it in advance and prepare as well as possible.
Financial risk
There is a financial risk associated with any self-employment. Not every newly founded company is successful. For example, if you decide to set up a sole proprietorship, you are liable with your private assets without limitation.
Find your entrepreneurial identity and motivation
To start a successful business, you should be aware of your motivation and identity. Why are you starting a business? What do you want to achieve? What drives you? Below, we show you three different entrepreneurial identities. Think about which one you recognize yourself in.
Darwinist
The Darwinian is driven by economic self-interest. He wants his company to grow and make a profit. He acts competitively and has financial goals.
Communitarian
The communitarian has a group- or community-oriented personality. They want to create value or benefit within a community and usually start with a problem they experience.
Missionary
The so-called missionary wants to improve the world to a certain extent. He uses his company to promote his social or ecological concerns.
Set up your company now
We provide you with comprehensive support: before, during and after the company formation.
Setting up a sole proprietorship
This legal form is suitable for companies with low capital requirements, a simple structure, sole decision-making authority and where the owner wants to bear the full risk and responsibility.
Setting up a limited liability company
This legal form is recommended for companies with medium capital requirements that want to limit their liability. It is also suitable for companies with several shareholders, a flexible structure and the separation of private and business assets.
Setting up a public limited company
This legal form is recommended for companies with high capital requirements, a broad investor base, flexibility in raising capital and limited liability to the company's assets.
