- Category: Managing risks
4 tips to reduce risks when starting your French company
Creating a company is both exciting and terrifying, especially when you’re trying to set up a business in another country! Thankfully, there are ways to increase the chances of success when creating a business in France:
Have a solid business plan
The business plan is always the first thing you should do when creating a business. Not only does it allow you to plan out the expenses of your company, and how you will deal with them, but it can also be a very important document when dealing with third parties!
In particular, if you are a foreigner trying to set up in France, having a good business plan can make it easier to find a bank that will open a business account for you, as well as finding investors.
Prepare for unpaid bills
There will always be a certain amount of clients who will be late in paying their bills. Accounting for that right away will make it easier to deal with an unplanned lack of income, for example.
Know about upcoming laws
There are a lot of laws to know of when creating a company in France, and it can be very difficult to know about them all. However, quite a few laws meant to make the life of entrepreneurs easier seem to be underway; and not knowing about them could make you lose certain opportunities or advantages!
Protect your brand
Protecting your brand by filing a trademark should be one of your top priorities once your company is created. If not, your company will face a lot of legal troubles when it develops!