The roadmap for your company’s foundation.

How do I approach a company foundation?

Depending on the project, there are various contact points, people, specialized institutions, advice centres and a whole range of startup centres and co-working spaces in Bavaria to support you in the startup phase.

Our partners from Gründerland Bayern have compiled a helpful overview of what is important when setting up a business. On the homepage of the initiative founded by the Bavarian Ministry of Economic Affairs, you will also find the ten most important points you should consider when setting up a business as well as an overview of contact persons for your project throughout Bavaria.

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The first questions

The questions you should ask yourself as a (prospective) founder at the beginning in particular concern your motivation, your business idea and the composition of your team.

Clarify motivation and objectives

Right at the beginning you should find out for yourself why you actually want to found a company and what your goals are: Is it a leisure activity that you would like to pursue in addition to your job or does your idea also have to feed you?

Answer basic questions

As a prospective founder you should first define which idea you want to implement and with whom. Your core team should develop a rough idea of how they could develop their business idea into a business concept. Ask yourself

  • Is my founding idea viable? 
  • Can and do I want to earn money with it in the long term? 
  • Who are my clients and how do I get in touch with them? 
  • Is my team well positioned? 
  • How does founding work? What do I have to think of? 
  • What does a business plan have to contain?

Build a network

It supports your foundation path enormously if you surround yourself from the beginning with people who can help you effectively. Make sure to look for support and possibly also advice that will help you to build up your foundation. Establish a good network of trustworthy and experienced entrepreneurs, tax experts and lawyers early on. You can also find new cooperation partners, customers, suppliers or ways to finance your business in the early stages at the various events of the startup scene. Institutions such as BayStartUP help with networking.