Being one’s own boss: friends and acquaintances running their own businesses will probably say that a major benefit of being self-employed is that they have more freedom than people who work for an employer. No doubt, that is true – but it does come with a downside: self-employed entrepreneurs have to take care of many things that an employer would normally do for them. And, they can never be sure that they receive their salary on time.
That’s why you should take your time to consider whether setting up your own business really suits your personality and your private life. You should be able to respond “yes” to most of the following questions:
- Would you describe yourself as independent?
- Do you like taking decisions, even when they are risky?
- Can you handle significant fluctuations in workload?
- Does your family support your decision?
- Are you prepared to take on responsibility for your staff?
- Do you have any leadership experience?
BMWi GründerZeiten no. 1: Existenzgründung in Deutschland (setting up a business in Germany)
Here, you will find a concise overview of information on setting up your own business (PDF) (English, German)
BMWi Startup guide for Germany
Services available to entrepreneurs (English)
Recognition in Germany
Find out about procedures for having your professional qualifications recognised (English, German, Spanish)